| Broker-Dealer Services |
Forming a New Broker-Dealer
The application process for FINRA membership is detailed and complex. For those clients who wish to become
a broker-dealer, CCLS can help by processing the new broker-dealer registration application on your behalf. Our
services include:
Changing your Existing Ownership
FINRA member firms who wish to merge, acquire, sell, or restructure their equity ownership or control must file
an application for Continuance in Membership Agreement (CMA) with FINRA. CCLS will help to process the CMA
filing on your behalf. Our services include completion of forms, supporting documentation and submission to the
appropriate FINRA District Office. For more information, please call us at (619) 278-0020.
Changing Your Current Membership Agreement
Certain firms are required to notify and obtain approval by FINRA for changes in current business activities or
product mix, expansion of branch offices, and/or hiring of additional registered representatives. Notification is
done through amending your current membership agreement and filing for a Membership Agreement Change
(MAC). CCLS will help you determine whether you need to complete the MAC filing. Please contact CCLS for
more information.
Broker-Dealer Consulting Services
CCLS’s Broker-Dealer Consulting Services offer legal and compliance solutions to firms and securities industry
professionals through three steps.
Step 1: Know Our Client – CCLS begins by gathering information on your firm to ensure we thoroughly
understand the broker-dealer’s needs. Together, we assess your goals, growth projections, strengths and risk
management concerns in order to ascertain successful solutions for your business model.
Step 2: Understand Alternatives – CCLS will present alternatives and solutions available to the broker-dealer as
they develop your legal, compliance and financial accounting programs. CCLS broker-dealer consulting services
are led by Michelle Jacko and supported by a talented team who have spent their careers in the legal,
compliance and/or financial accounting departments of leading firms. Our consultants understand the
complexities of the marketplace and the challenges broker-dealers face. Through our involvement in speaking
engagements, industry groups, article publishing and networking, CCLS stays current on the latest regulatory
and risk management standards throughout the industry.
Step 3: Implementation – Identifying the broker-dealer firm's consultation needs is our top priority. CCLS will
help to implement requirements mandated by the regulators, provide internal control best practice solutions and
customize policies to fit your business model.
In our initial meeting, Clients will help us to develop a project plan that outlines the priorities and time frame for
completion of all projects. Our Broker-Dealer Consulting Services allow you to pay as you go based on actual
time spent on the engaged project. We believe this assists in helping client firms to better anticipate costs and
provides on-going services as you need them for your business. Each package is customized based on your
unique needs. CCLS Broker-Dealer Consulting Services include, among other things:
In addition, CCLS will send you monthly Legal Tips to ensure you are receiving timely information of new
regulatory issues and rule promulgation. Rely on CCLS for your legal, compliance and financial accounting
needs. Contact us at (619) 278-0020 or (877) 222-4833 for more information.
The application process for FINRA membership is detailed and complex. For those clients who wish to become
a broker-dealer, CCLS can help by processing the new broker-dealer registration application on your behalf. Our
services include:
- Completion of Form BD;
- OATS registration;
- Completion and submission of FINRA entitlement forms;
- Establishment of financial controls;
- Drafting and training of new Written Supervisory Procedures (WSPs) and compliance internal controls;
and - Submission to the appropriate FINRA District Office.
Changing your Existing Ownership
FINRA member firms who wish to merge, acquire, sell, or restructure their equity ownership or control must file
an application for Continuance in Membership Agreement (CMA) with FINRA. CCLS will help to process the CMA
filing on your behalf. Our services include completion of forms, supporting documentation and submission to the
appropriate FINRA District Office. For more information, please call us at (619) 278-0020.
Changing Your Current Membership Agreement
Certain firms are required to notify and obtain approval by FINRA for changes in current business activities or
product mix, expansion of branch offices, and/or hiring of additional registered representatives. Notification is
done through amending your current membership agreement and filing for a Membership Agreement Change
(MAC). CCLS will help you determine whether you need to complete the MAC filing. Please contact CCLS for
more information.
Broker-Dealer Consulting Services
CCLS’s Broker-Dealer Consulting Services offer legal and compliance solutions to firms and securities industry
professionals through three steps.
Step 1: Know Our Client – CCLS begins by gathering information on your firm to ensure we thoroughly
understand the broker-dealer’s needs. Together, we assess your goals, growth projections, strengths and risk
management concerns in order to ascertain successful solutions for your business model.
Step 2: Understand Alternatives – CCLS will present alternatives and solutions available to the broker-dealer as
they develop your legal, compliance and financial accounting programs. CCLS broker-dealer consulting services
are led by Michelle Jacko and supported by a talented team who have spent their careers in the legal,
compliance and/or financial accounting departments of leading firms. Our consultants understand the
complexities of the marketplace and the challenges broker-dealers face. Through our involvement in speaking
engagements, industry groups, article publishing and networking, CCLS stays current on the latest regulatory
and risk management standards throughout the industry.
Step 3: Implementation – Identifying the broker-dealer firm's consultation needs is our top priority. CCLS will
help to implement requirements mandated by the regulators, provide internal control best practice solutions and
customize policies to fit your business model.
In our initial meeting, Clients will help us to develop a project plan that outlines the priorities and time frame for
completion of all projects. Our Broker-Dealer Consulting Services allow you to pay as you go based on actual
time spent on the engaged project. We believe this assists in helping client firms to better anticipate costs and
provides on-going services as you need them for your business. Each package is customized based on your
unique needs. CCLS Broker-Dealer Consulting Services include, among other things:
- Guidance to legal, compliance and financial accounting issues, concerns and questions
- “Plain English” explanation of new / amended SEC, FINRA and state regulations
- Written Supervisory Procedures
- FINRA Rule 3010, 3012 and 3013 Requirements
- Anti-Money Laundering Program Development and Testing
- Regulation S-P (Privacy Policies)
- Broker - Dealer Books and Records Requirements
- Continuing Education Training
- Licensing and Registration of the Firm and their Representatives
- Broker - Dealer Advertising and Sales Literature Compliance
- Business Continuity Plans
- Risk Assessment of Broker-Dealer Sales Transactions and Practices
- Branch Office Examinations
- Surveillance Efforts
In addition, CCLS will send you monthly Legal Tips to ensure you are receiving timely information of new
regulatory issues and rule promulgation. Rely on CCLS for your legal, compliance and financial accounting
needs. Contact us at (619) 278-0020 or (877) 222-4833 for more information.
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Core Compliance & Legal Services, Inc.
Solutions for Today's Business
Solutions for Today's Business
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| CCLS's Broker Dealer Consulting Services help to identify high risk areas and provides guidance on how you may enhance internal controls and processes to advance your compliance program. |
