THE BCG PERSPECTIVE

We've created a new feature for our clients at BCG -- The BCG Perspective. Periodically, we email our clients these informative and useful perspective articles on current hot topics relating to the Broker/Dealer industry.

Below is a summary of each of The BCG Perspectives we've already made available. If you are not a client, and would like to receive the complete document, please Contact Us now, and we'll be happy to send it to you.

Customer Identification Programs
Document Length: 4 pages
Document Type: Adobe PDF
Excerpt: "Broker/dealers must establish a Customer Identification Program (CIP) to verify the identity of customers who open new accounts. The CIP must be in writing and be part of the broker/dealer's anti-money laundering compliance program."

Amended Books and Records Rule Regarding Record Retention
Document Length: 3 pages
Document Type: Adobe PDF
Excerpt: "SEC Rule 17a requires your firm to keep certain records and to retain those records for a specified period of time. SEC Rule 17a-3 states which records must be maintained and SEC Rule 17a-4 states a certain period or length of time those records must be retained. This summary addresses the retention requirements of the rule. Please note: Due to the approved business activities of the firm, some of these requirements may not apply."

Firm Guidance Regarding Electronic Communications (E-Mail And Instant Messaging)
Document Length: 3 pages
Document Type: Adobe PDF
Excerpt: "Due to increased e-mail and instant messaging activity conducted by securities firms and their Registered Representatives, regulatory agencies have increased their scrutiny of broker/dealers and their e-mail systems, including instant messaging."