Pursuant to FINRA Regulatory Notice 17-30, all Broker-Dealers are required to designate a Principal Operations Officer “POO” and Principal Financial Officer “PFO”. This requirement replaces the current requirement that dual members of FINRA and the NYSE designate a Chief Financial Officer (CFO) and a Chief...

Many firms are concerned with the expense and administrative load associated with fulfilling the role of a CCO. Broker-Dealers and RIA’s may consider forming an alliance with an outsourced firm to address some of their internal concerns while filling this role. Communicating with regulators is...