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Brokerage and Trading

Broker-dealers face increased scrutiny and ever-changing rules and regulations. To help address the complex issues facing these highly regulated businesses, we bring together our industry professionals and extensive experience to provide advice and guidance to broker-dealers across the nation. We provide audit, tax and consulting services to clearing firms, proprietary trading firms, investment banking firms, and introducing firms.

Recommended Insights

INSIGHT ARTICLE

Liquidity and funding risk

A summary of regulatory guidance from FINRA and the SEC and the importance of continually focusing on liquidity risk management procedures.

  • John Hague
  • |
  • April 19, 2017

ARTICLE

Simplified electronic filing process for broker-dealer annual reports

The SEC’s Electronic Data Gathering, Analysis and Retrieval (EDGAR) system has been updated to simplify the electronic filing process.

  • January 31, 2017

ARTICLE

Treatment of operating leases under Rule 15c3-1

Leases will require a lessee to recognize on its balance sheet assets and liabilities for all leases other than short-term leases.

  • November 14, 2016

FINANCIAL REPORTING INSIGHTS

Promptly transmitting customer funds

A recent SEC staff no-action letter addresses prompt transmission of customer’s funds to the carrying broker-dealer.

  • September 06, 2016

FINANCIAL REPORTING INSIGHTS

FINRA's new Capital Acquisition Broker rules

The SEC recently approved a new set of FINRA rules under which capital acquisition brokers can elect to be governed.

  • September 06, 2016

FINANCIAL REPORTING INSIGHTS

New rules relating to supplemental report of SIPC membership

The Securities Investor Protection Corporation recently adopted and the SEC has approved the SIPC Series 600 Rules relating to the supplemental report of SIPC membership.

  • June 14, 2016

FINANCIAL INSTITUTIONS INSIGHTS

Is your internal audit of BSA/AML doing all it should?

How financial institutions can gain comfort that the internal audit provides appropriate testing of their BSA/AML function and activities.

  • Rob Farling, Sonja Kriegsmann, Nick Mustafa
  • |
  • May 16, 2016

INSIGHT ARTICLE

Usage of OTC FX options as foreign currency contracts under section 1256

Wright v. Commissioner contradicts Tax Court rulings and IRS’ formal position on treatment of OTC FX options as section 1256 foreign currency contracts.

  • Jason Lunte
  • |
  • February 24, 2016

How can we help you?

To discuss how our team can help your business, contact us by phone 800.274.3978 or



Investment Industry Insights

The quarterly newsletter follows developments in accounting and finance and places them in the context of current events and changes in economic and marketplace trends.

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Events / Webcasts

IN-PERSON EVENT

Trends in business development companies 2017

  • May 15, 2017

IN-PERSON EVENT

Trends in business development companies 2017

  • May 15, 2017

RECORDED WEBCAST

FATCA and the new Common Reporting Standards

  • March 30, 2017

Contact

Paul Nockels
Brokerage and Trading Practice Leader

312.634.4623