Resources/ Updates - August 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’s Principal Trading Rule Will Expire Year End

On August 19, 2016, the Securities and Exchange Commission (SEC) decided to allow a temporary rule that eases principal trading requirements for certain financial advisers to expire at the end of this year. Under Rule 206(3)-3T, temporarily adopted in 2007, investment advisers that are also registered as brokers can “conduct principal trades for clients in

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Do You Understand Performance Claims When Investing?

A new Investor Bulletin from the Office of Investor Education and Advocacy at the SEC educates investors on how to interpret the claims in marketing materials or live presentations related to investment performance. Before making an investment, consider how performance is both calculated and presented. Evaluating Fee Calculations  Fees: You will likely pay certain fees

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Should Changes to Gift Rules for Broker-Dealers Fly?

FINRA wants to edit and augment its Gifts, Gratuities and Non-Cash Compensation Rules. These rules seek to prevent impropriety and preserve a broker-dealer’s duty to act in the best interests of each customer. FINRA proposes to amend Rule 3220 (Influencing or Rewarding Employees of Others) (the Gifts Rule), which currently prohibits any member broker-dealer or

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CFTC Duo on Cross-Border Swap Rules

On August 4, 2016,  the Commodity Futures Trading Commission (CFTC) issued two actions on how rules related to the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd Frank) apply to cross-border transactions. Remand Order Final Response: The CFTC issued a Final Response to the District Court Remand Order in Securities Industry and Financial Markets Association,

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FINRA Podcast ~ Recap for July 2016

On Tuesday, August 2, 2016, FINRA posted a new podcast to cover the latest FINRA Notices, compliance resources, and news impacting their member broker-dealers. Go to FINRA July 2016 Podcast   About Us Formed 1952, The SDDCO Group of accountants and consultants ( delivers outsourced professional support to the financial services and technology sectors. Our menu

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Broker-Dealers in Treasury Securities ~ FINRA Proposes TRACE Reporting Change

On July 18, FINRA filed a proposed rule change with the SEC to expand the Trade Reporting and Compliance Engine (“TRACE”) reporting rules.  If approved, all FINRA member broker-dealers involved in U.S. Treasury Securities (defined in the TRACE rules) must report most transactions in those securities (other than US savings bonds) to TRACE. This proposal

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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