Broker-Dealer Supervisory Control Services (3120/3130)

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Ensure your firm’s compliance program meets regulatory requirements and avoid disciplinary actions. We will provide your firm with a compliant 3120 review.

Achieve Supervisory Control Compliance

You understand the importance of mitigating risks for your firm. Broker-dealer supervisory controls are a top priority for FINRA examinations.

Your broker-dealer must have written supervisory procedures and systems reasonably designed to achieve compliance with applicable securities laws and regulations.

Having an outside resource test your controls can provide a fresh perspective. Oyster consultants have experience ensuring compliance with FINRA rule 3120 and FINRA rule 3130. We will identify gaps in your supervisory procedures and address compliance deficiencies.

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Comprehensive Testing Services:

  • Trading and Markets Activity
  • Anti-Fraud and Sales Practices
  • Finance and Operations
  • Supervision
  • Anti-Money Laundering
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Regulatory Background

Broker-dealers must follow FINRA Rule 3120. This rule mandates firms to establish, maintain, and enforce policies and procedures. These policies and procedures ensure supervisory controls are in place.

The FINRA 3130 Rule requires the assigned Principal or Principals to submit an annual report to the CEO.

This report should detail how FINRA members supervise their controls and summarize the test results. It should also highlight any important exceptions that were found. Additionally, the report should outline any new procedures that were implemented in response to the test results.

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The Oyster Difference

Oyster Consulting stands out, with years of industry experience and understanding of regulations. Our compliance professionals will work closely with you to understand your firm’s needs and meet supervisory responsibilities. We offer compliance support to help you meet regulatory requirements and feel confident in your compliance efforts.

Oyster’s experts will help you establish, maintain, review, and test your controls, written policies and procedures, and documentation.  We’ll also help you create or amend Written Supervisory Procedures as necessary. Let us help you create programs designed to achieve compliance excellence.

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Our Process

Step 01

Discover

We listen to your goals and priorities. We foster significant transformation by encouraging a dialogue that goes both ways.

Step 02

Plan

We make a plan and schedule to give your team the best financial service industry experience for your project.

Step 03

Implement

Oyster ensures regular communication to oversee and strengthen the financial compliance management project objectives while accomplishing project tasks.

Step 04

Deliver

Oyster offers financial services regulatory compliance support to meet your goals and expectations.