
By Fred Wagstaff
Subscribe to our original industry insightsIn its 2022 Report on FINRA’s Examination and Risk Monitoring Program, FINRA continues to focus on net capital computations to ensure firms are meeting minimum net capital requirements designed to protect customers and creditors. Specific items on their priority list include classification of receivables, liabilities, revenues and expenses, as well as expense sharing agreements, failed to deliver and failed to receive contracts, and capital charges on underwriting commitments.
What should broker-dealers be doing?
For a deeper dive into net capital best practices and what regulators are looking for, listen to our Oyster Stew podcast “2022 Exam Priorities – Financial Management.”
Oyster’s FINOP consultants are leading experts in regulatory net capital requirements that can assist in keeping your firm compliant with industry regulations. We can also provide your firm with an outsourced FINOP who understands the industry and your firm but who also has the experience and resources to navigate regulatory nuances and interpretations.
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