In March 2015 Commissioner Daniel M Gallagher’s office provided a diagram showing the myriad of regulations imposed on financial firms since the Dodd-Frank Act in 2010. As regulators pile on more regulations, overall cost-benefit analysis is not required and therefore, often not performed. Other than accounting for incremental effects, regulators seem to have missed analysis of the overall regulatory burden on firms. The end result is the potential for high barriers to entry for new firms and increased compliance overhead for existing ones. A concern about increased overhead costs and higher barriers to entry is that large institutions become increasingly larger, while smaller firms cannot compete.
RND Resources, Inc. understands the hardships faced by start up broker dealer firms and firms with over-burdened compliance departments. We employ veteran CPA’s, MBA’s, and experienced regulatory examiners to navigate the complex rules on your behalf. We’ve been able to save overhead costs for smaller firms, where employing a fully staffed compliance department is not affordable. Our professionals are on top of the latest compliance requirements to help reduce and eliminate issues that trigger fines, further inspection, and sanctions. Whether you’re looking for a firm to step in and help resolve pressing compliance issues, or need to support an over-burdened compliance department, we are able to assist. Call us to find out how we can help (818) 657-0288. Or, feel free to send us a request for quote.
- Independent Compliance Consultants as a Remedy in Regulatory CasesMarch 24, 2017 - 6:34 pm
- Dave Banerjee CPA – Elected to FINRA District 2December 28, 2016 - 8:02 pm
- How to Draft the Cybersecurity IRP – Incident Response Plan – for BDs and RIAsNovember 21, 2016 - 6:20 pm
- Clearing with Blockchain TechnologyNovember 16, 2016 - 11:48 pm
- Real Fear of SEC Action for Private Equity FirmsSeptember 1, 2016 - 10:53 pm
Disclaimer: RND Resources Inc., affiliates, and staff, are not associated with the financial industry regulatory authority (FINRA). Nothing contained herein is intended to describe any such association.
RSM US Alliance Member
RND Resources Inc is a proud member of RSM US Alliance. RSM US Alliance is an affiliation of independent accounting and consulting firms in the US. and the leading provider of audit, tax, and consulting services focused on the middle market. For more information about our membership visit: RSM US LLP
algorithmic trading arbitration bitcoin Brokercheck Broker Dealer broker dealers compliance compliance management compliance overhead Compliance software consulting cyber-security Cybersecurity cyber threat disciplinary action due diligence exam priorities financial industry finop FINOPS finra finra election finra regulations Fintech free webinar Hedge Fund outsource compliance pcaob policies and procedures priorities letter regulatory regulatory compliance support ria risk assessment risks SEC sec changes sec exam SEC rule change senior investors senior suitability series 57 suitability training U4 disclosure