BRANCH OFFICE AUDITS

Every Broker/Dealer is required to conduct annual inspections of its business activities as outlined in Rule 3010. Some firms prefer to enlist the help of third parties, like Brokerage Consulting Group, to perform their OSJ audits in order to ensure objectivity and independence. Firms with multiple branch offices often choose to outsource this task due to limited resources.

Our experienced consultants will alert your firm to mistakes and compliance violations that could result in regulatory action. At the same time, we will recommend corrective measures. In short, our goal is to make sure that the firm is following the rules set forth in your Written Supervisory Procedures.

In addition to interviewing appropriate personnel at each location, we will review:

• Supervisory structure
• Customer accounts
• Incoming and outgoing correspondence
• Advertising, including business cards and stationery
• Customer complaint records
• Books and records

For a more comprehensive description of audit services, contact Brokerage Consulting Group.