Resources/ Updates - December 2014

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 sddco.com website. Always check with your accountant and/or attorney.

Dec23

MSRB Adopts Best-Execution Standards

The SEC approved MSRB Rule G-18 to enhance pricing protections under long-standing MSRB rules with a one-year implementation date.  Overall, the new “best-execution” rule, effective December 7, 2015, will require muni dealers to: Seek the “most favorable terms reasonably available for their retain customers’ transactions” Establish explicit standards for how dealers handle and execute customer orders for

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Dec18

SEC Extends Rule Sunset of Principal Trades with Advisory Clients

The SEC is amending rule 206(3)-3T, a rule that temporarily established an alternative means for investment advisers also registered as broker-dealers to meet the requirements of section 206(3) of the Investment Advisers Act when they act in a principal capacity in transactions with certain advisory clients. This amendment extends the sunset date for rule 206(3)-3T

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Dec08

Mean Holiday Greetings from SDDCO !

Dec08

Broker-Dealer Regulatory Filings – Eight Due Dates Related to Year-End

Due dates are approaching on the regulatory reporting required of broker-dealers (“BDs”) associated with 4th quarter (ending December 31, 2014) and of BDs with a financial year-end of December 31st 2014: 01/27/2015: FOCUS Report 01/27/2015: Schedule I 01/30/2015: SSOI 01/30/2015: SIS (where applicable) 01/27/2015: Form Custody 02/03/2015: OBS (where applicable) 03/02/2015: SIPC-7 03/02/2015: Annual Audited

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Dec05

SEC Implements Rules to Prevent Tech Glitches

On November 19, 2014, the SEC unanimously approved the Regulation Systems Compliance and Integrity (Reg SCI) intended to fortify the technology infrastructure of the U.S. securities markets.  The new rules, a reaction to increasing dependence on technology, are designed to reduce the chances of a system glitch and mitigate them swiftly as to disturb the

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Dec05

A Year-End Checklist for Closing the Company Books

December is a busy time for business managers and owners, professionally and socially.  To reduce the stress of transitioning your firm into the new year, refer to the following general, year-end checklist when planning the closure of the company books and records: 1. Ensure that all vendor bills are posted by the year-end close date. 2. Invoice your clients to

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Dec04

CFTC Exemption Applications ~ the Annual Requirements

Yesterday, the National Futures Association (“NFA”) released a notice regarding the annual affirmation requirement.   In compliance with the Commodity Futures Trading Commission (“CFTC”) anyone claiming an exemption from CPO registration under CFTC Regulation 4.5, 4.13(a)(1), 4.13(a)(2), 4.13(a)(3), 4.13(a)(5), or CTA registration under 4.14(a)(8) from must file an application.  The annual application deadline is 60 days

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Dec04

New Podcast Helps BDs Update Continuing Ed Content

The Firm Element Advisory prepared by the Securities Industry Regulatory Council on Continuing Ed (“CE Council”) presents guidance on regulation and sales practice issues for broker-dealer firms to consider addressing in their Firm Element continuing education programs.  This week, FINRA posted the first of three podcasts covering the Fall 2014 Firm Element Advisory from the CE Council.

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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.

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

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

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as its great people.

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

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

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

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

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