Principal Registration | CCO & FinOps

RND Resources recognizes that a securities firm ability to grow is contingent on its ability to meet regulatory compliance and financial audit requirements. We strive to provide broker dealers and registered investment advisory firms with expertise to handle FinOp, CFO, and CCO principal operations, and are available as a part-time outsourced solution to handle responsibility on an interim or permanent basis. Outsourced CCO and FINOP services

As your Designated Principal we’ll handle leadership responsibility and share accountability for successfully executing the corporate strategy to attain targeted goals. RND actively participates in the formulation of corporate strategy, while offering ideas and analyzing views to arrive meet stakeholder plans and goals. RND integrates business planning, compliance, operations, trading, and registration to ensure the success and future of the corporation.

 

Seasoned RND Resources staff hold the following FINRA Principal registrations and provide FINRA Principal service and training on an interim or permanent basis.

 

Outsourced FINOP Services | FINRA Financial and Operations Principal (Series 27)

Broker/Dealers are required to enlist the services of an active Financial and Operations principal (“FinOp”).  The FINOP must have no less than one year of direct experience or two-years of related experience as a FinOp. 

Persons handling financial officer duties for FINRA member firms are required to have Series 27 registration. This registration requires specialized knowledge of statutory rules for broker-dealer responsibility and recordkeeping, along with the knowledge of protections for investors. To pass the series 27 exam, expertise of topics such as; Broker/Dealer Financial Reporting, Net Capital Requirements, Customer Protection Rules, Municipal Securities Regulations, Federal Reserve Board Regulations, Uniform Practice Rules, and Other Relevant Regulations is required.

Read more about FINOP for Broker-Dealers

Outsourced CCO Services | FINRA General Securities Principal (Series 24)

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.

Series 24 examination covers expertise to supervise; Investment Banking, Trading and Market Making, Brokerage Office Operations, Sales and Employees. Additionally expertise in managing the Regulatory Framework and a firm’s Compliance and Financial Responsibility must be demonstrated.

Registered Investment Advisers (RIA) are required to designate a qualified Chief Compliance Officer (CCO) empowered to develop and enforce policies and procedures.  Series 24 General Securities Principal registration meets this requirement.


More and more Securities firms these days find outsourcing some or all of their compliance needs allows them to free up internal resources so they can focus on business development and growth strategies without worry over their compliance and regulatory needs.  Call or email us today for a customized quote to fit your firm.

 

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Download our company brochure for more information, or call us at (818) 657-0288.