Resources/ Updates - April 2016

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.


SEC Guidance on Investor Presentation Claims

In order to educate investors about investment performance claims,the SEC’s Office of Investor Education and Advocacy issued an April 2016 Investor Bulletin.  Decoding performance information can be tricky because it can be presented in many ways by sales and marketing materials.  The SEC provides a few tips that can help investors see beyond the fog

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PCAOB Previews Broker-Dealer Auditor Inspection Results

This April, the Public Company Accounting Oversight Board (PCAOB) published a new brief that describes the results of its 2015 inspections of broker-dealer auditors. PCAOB inspectors detected fewer “independence impairments” of auditors of broker-dealers than in prior years.  However, they also observed instances of auditors being active in the preparation of the financial statements or

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DOL Releases Fiduciary Rule for Retirement Assets

After much speculation and anticipation, the Department of Labor (“DOL”) released new fiduciary rules which outline standards the financial industry must adhere to when giving advice on retirement accounts. The rules, which redefine the definition of fiduciary when dealing with retirement assets, are intended to guarantee that both brokers and advisers are acting in the

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Investor Alerts Target Shady Promoters, SEC Impersonators & Filing Complaints

The Securities and Exchange Commission (SEC) published three investor alerts in March: 1) Fraudulent Stock Promotions;  2) Beware of Government Impersonators Targeting Fraud Victims;  and 3) Investor Complaints. 1) Fraudulent Stock Promotions The SEC warns investors of stock promotions conducted by fraudsters.  Company insiders or paid promoters can create a buying frenzy to pump up

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Taxpayers Claiming Charitable Gifts ~ Records to Keep, Forms to File

To claim charitable donations as IRS deductions, always have the records you need in hand before filing.  Be sure to get the required statements for each gift of property or cash in the amount of $250 or more and each vehicle donation where the claimed value exceeds $500. Property or Cash: Taxpayer donors must get

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PCAOB 2016 Forums for Auditors of BDs and Small Businesses

Broker-Dealer Audit Forums Five 2016 Forums for Auditors of Broker-Dealers  were announced by the Public Company Accounting Oversight Board (PCAOB or “Board”): Orange County, Calif., April 20 Chicago, Ill., June 1 Jersey City, N.J., September 22 Tampa, Fla., October 18 Las Vegas, Nev., December 7 The forums were created to share important information about Board

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Hands Off or Fess Up ~ BD Auditors Slapped for Prepping Financial Statements

Five audit firms were sanctioned by the Public Company Accounting Oversight Board (PCAOB or “Board”) for violating independence requirements in connection with audits of brokers and dealers. Hands Off SEC independence rules forbid the maintenance and preparation of accounting records and preparation of the financial statements of a firm by its auditor because it impairs

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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