Mock Regulatory Audits and Compliance Evaluations

• Mock Regulatory Audits
• Supervisory Structure
• Product Reviews

Mock Regulatory Audits

Whether your firm is a broker-dealer, investment company, investment adviser, hedge fund, or insurance company, FLC can help you determine where you stand with the regulators. Our mock audits mimic actual SEC and FINRA examinations so that you will know exactly how your firm will score during an actual regulatory inspection.

As former SEC and FINRA examiners, our experienced staff will guide you through the audit process and show your staff how to handle regulatory document requests, prepare your staff for regulatory interviews, review your systems for their regulatory response capabilities, and provide you with a comprehensive report detailing your firm’s strengths and weaknesses discovered during the process.

Supervisory Structure

One of the most important and difficult tasks for any firm is determining a supervisory structure that fits its needs. New start-up firms are challenged with creating an effective supervisory system, while seasoned firms are faced with the ever changing supervisory rules and their own dynamic environments.

On top of that, the role of the Compliance Department and Third Party Service Providers must be examined in relation to the Supervisory System.
FLC consultants evaluate your supervisory system and assist your firm to generate an organizational structure in line with both business goals and compliance goals.

Product Reviews

FLC understands that the ability to offer new products to your customers is important to customer and asset retention. New products also offer compliance challenges in the form of regulatory registrations and suitability requirements.

FLC works with your business and product development staff to help bring complex new products to market. We assist your firm during the registration process, update written supervisory procedures to include the new product, and provide any necessary product training.

We advise on internal monitoring systems, including automated surveillance programs, to ensure transactions meet suitability requirements as well as best execution standards.

In addition, FLC provides periodic document disclosure review for those products sold under prospectus, offering memorandum, or contract.