Wall Street Expertise, Texas Service
MaloneBailey provides audit, compliance and accounting services to small security broker dealers from its New York and Houston offices, which is situated in the heart of the Financial District just off Wall Street. We provide these services to broker dealers approved by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA).
We understand that compliance with regulatory requirements is of the utmost importance to you as a broker dealer. You also need to maximize your financial statement presentation and manage your internal controls. We provide an array of services to achieve these objectives including:
Start-up Services
If you are forming your broker dealer firm, we can help you navigate the sometimes complex start-up process and assist with:
- SEC Registration
- FINRA Broker Dealer Registration
- Continuance in Membership Agreements (CMA)
- State Registrations
Compliance Services
We understand how important compliance with FINRA and SEC regulations is to your success. That’s why we provide a range of compliance services to provide you the peace of mind that you are meeting regulatory requirements including:
- Independent Testing of Anti Money Laundering Procedures as Required by FINRA
- Advice regarding FINRA Rule 3310 (Anti-Money Laundering Compliance Program — AML)
- Assistance with Customer Identification Program (CIP)
- Writing Procedures for AML and CIPAuditing Procedures for Strict Compliance with FINRA and BSA/USA Patriot Act Regulations
- Acting as a Liaison with State and Federal Regulatory Agencies
- Formulate Remediation Plans for Problems Identified by FINRA
- Independent Testing of Anti Money Laundering Procedures as Required by the NFA (National Futures Association) Under NFA Compliance Rule 2-9.
- Written Supervisory Procedures and Audit
- Ensuring Compliance with FINRA Rule 3130 (Annual Certification of Compliance and Supervisory Processes)
- Assisting with Business Continuity Planning as Required in Rule 3510(e)
Broker Dealer Independent Audits
Where SEC rules allow, MaloneBailey, LLP provides a number of internal audit services to help ensure compliance, control and efficiency in your internal processes. These services include:
- Reviews of Books, Records and Processes
- Recommending Operational Improvements
- Resolving Net Capital Violations
- Accounting ReconciliationTrade Reconciliation