Resources/ Updates - December 2013

The SDDco Client Update

The SDDco Client Update is an action oriented email prepared in-house, tailored to client needs, and sent as an adjunct to our online newsletter.  Verified newsletter subscribers receive our Client Update once each month.

The SDDco Client Update is intended to provide general information only. It is not intended as, and should not be taken as, financial, tax, accounting, legal, consulting or any other type of advice specific to you or your firm. Users of the SDDco Client Update should not act or refrain from acting on the basis of information provided on the website. Always check with your accountant and/or attorney.


CPOs and CTAs ~ Affirm Registration Exemptions Annually

The Commodity Futures Trading Commission (“CFTC”) requires any person operating under an exemption or exclusion from registering as a Commodity Pool Operator (“CPO”) or Commodity Trading Advisor (“CTA”) to “annually affirm the applicable notice of exemption or exclusion within sixty (60) days of the calendar year end–March 3, 2014 for this affirmation cycle. Failure to

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Clarity on Bad Actor Compliance

The Division of Corporation Finance SEC staff (the “Staff”) added new compliance and disclosure interpretations for “bad actor” rules.  Under new Rule 506(d)(e) of SEC Regulation D under the Securities Act of 1033, the participation of felons and other “bad actors” in a private securities offering could disqualify an offering from claiming the safe harbor

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Broker-Dealer PCAOB Funding Due

Your broker-dealer may need to pay a share of the PCAOB 2013 accounting support fee. Carefully consider the guidelines below. The SDDCO Group can assist you in this process. The Broker-Dealer Accounting Support Fee and the Funding Process The largest source of funding for the Public Company Accounting Oversight Board (“PCAOB” or “Board”) comes from the

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Telephone Tax Scam

Don’t be duped by this coast to coast telephone tax scam.   According to the Internal Revenue Service (IRS), victims are phoned and told “they owe money to the IRS and it must be paid promptly through a pre-loaded debit card or wire transfer. If the victim refuses to cooperate, they are then threatened with arrest,

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Managing Conflicts of Interest

How broker-dealers, large and small, identify and manage conflicts of interest was the subject of a FINRA report released late October.  Chairman and CEO, Rick Ketchum, explained the triggers for reporting on conflict management  during a video segment of A Few Minutes with FINRA:  “A number of issues came out of the credit crisis and

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SDDco specializes
in two industries.

Our know-how and our network supports the financial services & tech industries.

We hold the right training and licensures to keep you in step and mitigate risk.

Our Credentials


SDDco supports
industry leaders.

We oversee back office functions so you can focus on your own clients.

Major banks, private funds, RIAs, BDs, and tech startups choose us.

Our Clients


SDDco is as good
as its great people.

Our CPAs, FinOps and
consultants are licensed,
experienced professionals.

Partner with us for start-ups and for ongoing accounting, compliance and tax work.

Our People


SDDco performs
services onsite.

Outsourced support with
SDDco isn’t out of sight.

We work in your space and for your team on a regular basis. Engage the expertise without the fulltime hire.

Our Praises


SDDco observes
AICPA principles.

Our inaugural firm began
when two CPAs opened
a NYC office back in 1952.

We faithfully maintain the CPA standards: integrity, competency, confidentiality….

Our Group