Resources/ Updates - July 2017

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 Approves FINRA Proposal to Slim Down Broker-Dealer Rep Testing

On July 7, 2017, the SEC approved a FINRA rule proposing amendments to the qualification and registration requirements for associated persons to broker-dealers. Once in effect, FINRA Rule 1210 will “streamline competency exams” and make it easier for professionals to enter or re-enter the securities industry. Key Changes to the Qualification Exam Program When FINRA

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CTAs Seeking CFTC Third-Party Recordkeeping Relief

Per the CFTC’s Division of Swap Dealer and Intermediary Oversight Exemptive Letter No. 17-24 of April 20, 2017, registered commodity trading advisors (CTA) can be relieved from keeping the books and records at the main business office. Any CTA using a third-party recordkeeper must file a notice of claim with the CFTC following the procedures

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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