Resources/ Updates - December 2015

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.


Far From the Pits ~ CFTC Approves New Rule Set on Automated Trading

To enhance the regulation of automated trading on U.S. designated contract markets (DCM), the Commodity Futures Trading Commission (CFTC) proposed on Nov. 25, 2015, a comprehensive rule set, entitled “Regulation Automated Trading” or Regulation AT, that includes risk controls, transparency measures, and other safeguards. The CFTC now proposes to adopt Regulation AT “designed to consolidate

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Reporting Payments to Non-Employees ~ Form 1099-MISC 2015

The SDDCO Group reminds clients of their obligations regarding Form 1099 reporting to the Internal Revenue Service (IRS).  Form 1099, a group of informational IRS returns, is to report the income received by individuals external to compensation paid by an employer.  Wages, salaries, and tips are reported on Form W-2, but Form 1099 reports self-employment income,

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Compliance Outreach Program for Municipal Advisers ~ Feb 3, 2016

Last week, the Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA), and the Municipal Securities Rulemaking Board (MSRB) reported the Compliance Outreach Program for Municipal Advisors, which will be held in Philadelphia on Feb. 3, 2016. The program, designed to provide municipal advisors the chance to converse with representatives from the three regulatory

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It’s a Boardroom not a Bored room !!!

From our boardroom to yours: Wishing all of our SDDCO clients and colleagues a Happy Holiday season and a prosperous New Year with a little extra spirit…


NFA Deadline for Members Exempted from CPO or CTA Registration ~ Feb. 29, 2016

The National Futures Association (“NFA”) reminds certain members of their obligations under CFTC regulations to annually affirm an applicable notice of exemption or exclusion electronically through the NFA’s exemption system within 60 days of the calendar year end.  The deadline this cycle is February 29, 2016. This filing applies to: Persons or entities claiming an exemption or exclusion from

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Best Execution of Customer Orders ~ Equity, Options, Fixed Income Markets

“Best execution of customer orders is a key investor protection requirement.” An increase in the market automation of equity securities and standardized options, and advances in trading technology and communications in the fixed income markets, prompted FINRA to reiterate best execution obligations applicable when “firms receive, handle, route or execute customer orders in equities, options

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SEC Approves 3-Day Disclosure of Broker Terminations

The SEC has approved a disclosure change within FINRA Rule 8312 (FINRA BrokerCheck Disclosure) regarding Form U5 (Uniform Termination Notice for Securities Industry Registration). As of December 12, 2015, the waiting time for the release on BrokerCheck of  disclosure information filed on Form U5 will drop from a fifteen-day delay to three business days. Form

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Investors Get the Skinny on Short and Naked Sales

The SEC’s Office of Investor Education and Advocacy prepared a new bulletin to familiarize investors with the highs and lows of selling short. Short Sale: “A short sale generally involves the sale of a stock you do not own (or that you will borrow for delivery). Short sellers believe the price of the stock will fall, or

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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