JRS also provides full-service compliance consulting to broker-dealers (BDs). Our compliance experts are former FINRA regulators who can help you avoid common pitfalls and address even the most challenging issues.
Written Supervisory Procedures
With regulators constantly updating rules and regulations it has become increasingly difficult to keep up and make sure your WSP’s are current. At JRS we can handle that for you, we will provide you with Written Supervisory Procedures and update them whenever necessary, leaving you to run your business. JRS can also provide a qualified FINRA Series 24 registered consultant to serve as your firm’s designated Chief Compliance Officer (CCO) or assume other supervisory roles under your CCO if necessary.
Anti Money Laundering
As we are all aware one of the most important areas of concern with Regulators is Anti Money Laundering
JRS provides AML regulatory compliance services and can assist you in making sure you meet your Anti-Money Laundering (AML) compliance needs. We can also provide a qualified professional to serve as your firm’s AML Officer.
Registered Reps must ensure they are compliant with all rules and regulations. Anti-Money Laundering Compliance involves knowing your customer (KYC), where the source of funds originates and determining the identities of all beneficial owners when dealing with a corporation or partnership.
New ways to launder money and engage in other fraudulent activities are created each year and AML policies and procedures need to be updated constantly and tested to protect your firm.
- Draft or review AML compliance policies and procedures to make sure you are incorporating any new or changed regulations.
- Perform independent testing of AML program procedures and provide you with a full written report of our findings.
- Provide ongoing AML continuing education.
- Provide a qualified AML Officer.
- Develop AML policies, procedures and review testing methods for the AML programs.
WEB CRD Registrations
At JRS we can handle all of your WEB CRD needs from registering new reps to updating U-4’s or form BD’s. Our professionals have over 50 years of WEB CRD experience and are ready to help.
Some of the functions we can help with are:
- New Rep registrations.
- Updating U-4’s.
- Notifying reps/firms of any continuing education requirements.
- Updating BD forms.
- State registrations
- U-5’s
- Review annual CRD renewals for the firm and registered reps.
New Membership Applications
Thinking of starting your own Broker Dealer? JRS Financial Services can hold your hand every step of the way.
We can guide you through the entire application process and even provide you with any necessary principals (S24, S27, CCO, CFO), you might require.
We can also supply you with your Written Supervisory Procedures customized to fit your Broker Dealer.
We can also help with any Continuing Membership Applications, (1017) that you might require as it relates to changes in your current business model.
Request for Additional Information, 8210 Requests
There are times when firms receive Request for Additional Information, (8210 requests). It is extremely important that these requests be handled quickly and accurately as it is a reflection on your firm.
For some firms this means hiring an attorney which could cost anywhere from $300 to $500 per hour. At JRS our seasoned professionals have responded to hundreds of requests from regulators at a fraction of the cost of an attorney.
We will contact your coordinator, respond to their request in writing and help you through the entire process.
Please contact us for more information and to get started using JRS.