Broker-Dealer Compliance & Consulting

Broker-dealer compliance service


BD Member Application | NMA CMA

Back Office Administration

FinOp Services

Compliance Operations

Regulatory Risk Management

FSA – FCA Registration

BD: Audits Exams Reviews

Regulatory Consulting

New Rule: 2016 DOL Fiduciary Standard


FINRA FOCUS Filing & Schedules Calendar


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Given the ever-changing broker-dealer compliance and regulatory environment, establishing and managing a top-notch broker-dealer compliance program can be an arduous task for busy financial professionals. At RND Resources, our broker-dealer compliance team leverages its vast experience and knowledge to apply a tailored industry-focused approach as we guide our clients through the most current regulatory broker-dealer compliance issues.  Since our inception in 1984, RND Resources has provided broker-dealer compliance and registration services to hundreds of broker-dealers.

We assist all types of brokerage firms with setup, registration needs, accounting, and audit. Clients have consisted of investment bankers, internet brokerages, foreign and multi-state broker-dealers, hybrid brokerages offering RIA services, municipal dealers, commodity traders, and more.

The size and structure of your broker-dealer firm makes no difference to us. We understand that firms can differ markedly across the country.  RND Resources is adept at defining the distinct characteristics of each firm and creating or overhauling their compliance policies. Our broker-dealer services range from providing consultations on FINRA rule changes to guiding broker-dealer firms through all aspects of registration and broker-dealer compliance.


Broker-Dealer Formation

RND Resources Inc has vast securities industry experience ranging from business development strategy to compliance and regulatory concerns. We’ve worked with firms over the years that were starting from scratch, adding new product lines, merging with another firm, or were recently purchased and need a fresh start.  Look to us for; New Member Registration NMA, Change Member Registration CMA, Multi-state registration, outsourced FinOp and CCO services, and much more.


Registration Services

At RND we regularly work with clients as the administrator for your firms Web CRD requirements, handling daily tasks involving CRD – Central Registration Depository requirements, Continued Education compliance, State Blue Sky registrations, and more.  Outsourced administrator services save broker firms the cost of staff and overhead expenses while helping avoid regulatory penalties, accounting errors, and compliance mistakes.


FinOp Services

The FinOp role for brokerages should be assigned to a financial expert in the broker-dealer industry with comprehensive accounting expertise. As such, our co-founder Dave Banerjee holds a Series 27 license, as well as several other series principal licenses. We provide expert level Financial Operations and Professional (FinOp) services and also serve as the CFO for many securities firms, as well as firms such as;  pharmaceutical manufacturing, wholesale distribution, and health care.


Compliance Operations – CCO

Any person who manages or supervises representatives in investment banking, training, solicitation, or general conduct of business operations is required to hold the Series 24 Securities Principal registration. Our firm holds the requisite licensing to oversee compliance operations and act as the firm contact for regulatory notifications.  Areas of compliance operations oversight include; maintenance of company books, review of business operations, annual compliance meetings, information technology oversight, supervisory controls, SRO audit preparation, and much more.


Regulatory Risk Management

Increased pressure from market competition, consumer awareness, and complex regulatory rule enforcement make managing risk an unprecedented challenge. Our professional team of veteran FINRA examiners, CPA’s and MBA’s have the skills brokerage firms need to meet this challenge and develop strategies that support your firm and help it grow.  We deliver objective advice based on assessments, regulatory rules, and firm goals to provide a management and oversight program that works with your firm.  


FCA – FSA Licensing for BDs

Looking to take your firm global? We can help. At RND we’re knowledgeable about registration requirements for US Broker Dealers wishing to do business in Europe. We also offer European Union registration “passports” services to cover doing business in the other member countries of the European Union.


Brokerage Firm Audit Services

In addition to regulatory compliance expertise we’re adept at audit needs of brokerage firms. We provide independent audits for broker-dealers across the country and are PCAOB registered (Public Company Accounting Oversight Board).  Dave Banerjee CPA has been PCAOB registered since 2004 and has served self-clearing organizations, and fully disclosed clearing arrangements.  Dave has expertise handling audits for full-service broker-dealers with multiple branch and state operations, as well as those with a lighter support staff.  We pride ourselves in our ability to conduct audits efficiently and at a lower cost than large scale audit firms.


Broker Dealer Regulatory Consulting

As a compliance consulting services firm, RND is committed to the needs of broker-dealers from all aspects of the securities industry. We’re on top of cutting edge solutions and industry trends, as well as where the greatest compliance risks lay and how to prepare firms for change. We’ll guide your firm through difficulties as complex as FINRA disciplinary actions and new member formation; as well as cyber-security planning, emerging financial technology solutions, and audit preparedness.


“I have enjoyed the opportunity to engage Dave twice during my career in the securities business at two different firms. Dave’s knowledge of FINRA and SEC compliance requirements, combined with his highly professional and reliable performance make him a premier securities industry consultant, in my opinion. Dave and his staff have always provided exceptional service and value. I recommend Dave and his firm to anyone in the securities business looking for help with compliance.”

Bill D – July 8, 2011