Our know-how, our network, our past, present and future remain with one industry—financial services. SDDco provides the credentials, skills and current information to keep you in step and mitigate risk.

Certified Public Accounting Licensure

From the web site: www.op.nysed.gov/prof/cpa/cpalic.htm

 

New York State recognizes the Uniform CPA Examination, prepared and graded by the American Institute of Certified Public Accountants. In New York, the examination is administered by CPA Examination Services, a division of the National Association of State Boards of Accountancy. All four parts of this computerized exam must be passed within eighteen (18) months: Auditing & Attestation, Financial Accounting and Reporting, Regulation, and Business Environment and Concepts.

 

SDDco Accounting and Tax professionals utilize this knowledge and licensure.

FINRA logo

The Financial Industry Regulatory Authority (FINRA) Licensures

 

FINRA requires licensed registration of the following: persons (associated with a member) who are actively engaged in the management of the member’s investment banking or securities business, including supervision, solicitation, conduct of business, or the training of persons associated with a member for any of these functions are designated as principals. Such persons include sole proprietors, officers, partners, managers of offices of supervisory jurisdiction, and directors of corporations. Below find registration categories and FINRA exams pertinent to services offered by the SDDco Group.

The FINRA Financial Operations Principal (Series 27)

 

This license is required of persons performing financial officer duties for FINRA member firms. The Series 27 FinOp Qualification Exam tests a candidate’s knowledge of the statutory rules applicable to broker-dealer responsibility and recordkeeping along with the protections given investors under the terms of the Securities Investor Protection Act of 1970.

 

The 3.5 hour Series 27 exam covers topics including: Broker-Dealer Financial Reporting, Net Capital Requirements, Customer Protection Rules, Municipal Securities Regulations, Federal Reserve Board Regulations, Uniform Practice Rules, and Other Relevant Regulations.

 

Broker-Dealers are required to enlist the services of an active Financial and Operations principal (“FinOp”). This individual must have one year of direct or two-years of related experience to function as FinOp. SDDco professionals performing FinOp duties or acting as Chief Financial Officer (CFO) of a FINRA member broker-dealer utilize this knowledge and licensure.

The FINRA General Securities Principal (Series 24)

 

This license is required of any person who manages or supervises the representatives in investment banking, training, solicitation, as well as the general conduct of business operations.

 

The 3.5 hour Series 24 exam covers topics on Supervision of the following: Investment Banking, Trading and Market Making, Brokerage Office Operations, Sales, employees, along with the Regulatory Framework and a firm’s Compliance and Financial Responsibility.

 

Registered Investment Advisers (RIA) are required to designate a qualified Chief Compliance Officer (CCO) empowered to develop and enforce policies and procedures. SDDco professionals acting as the designated CCO of an RIA utilize this knowledge and licensure.

Investment Banking Representative Exam (IB) Exam Restructuring (Series 79)

 

This license is required of any person who manages or supervises the representatives in investment banking, training, solicitation, as well as the general conduct of business operations.

 

The 3.5 hour Series 24 exam covers topics on Supervision of the following: Investment Banking, Trading and Market Making, Brokerage Office Operations, Sales, employees, along with the Regulatory Framework and a firm’s Compliance and Financial Responsibility.

 

Registered Investment Advisers (RIA) are required to designate a qualified Chief Compliance Officer (CCO) empowered to develop and enforce policies and procedures. SDDco professionals acting as the designated CCO of an RIA utilize this knowledge and licensure.

The FINRA General Securities Representative (Series 7)

 

This license is required of persons selling securities products with the exception of commodities and futures. It is intended to safeguard the investing public by helping to ensure that GSRs are competent to do their job.

 

The 6 hour exam covers a broad range of investments including stocks, bonds, options, limited partnerships, and investment company products.

 

SDDco Brokerage Advisers professionals and SDDco compliance consultants utilize this knowledge and licensure.

The Certified Anti-Money Laundering Specialist (CAMS Certification)

 

The professional title CAMS is granted by the Association of Certified Anti-Money Laundering Specialists (ACAMS) to anti-money laundering professionals who meet qualifications based on education, other certifications and work experience, provide three professional references, and pass the CAMS examination.

 

The CAMS exam covers the risks and methods of money laundering and terrorism financing, compliance standards for anti-money laundering and combating the financing of terrorism, anti-money laundering compliance programs, and conducting or supporting anti-money laundering investigations.

 

S.D. Daniels & Company LLC AML independent testing professionals utilize this knowledge and certification.

WHO WE SERVE

SPEAK TO AN SDDco CONSULTANT

 

Are you interested in Broker-Dealer or Investment Advisor Registration, Compliance Consulting, Accounting, Tax or FinOp Services? You can reach us at info@sddco.com or 212-751-4422.

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SPEAK TO AN SDDco CONSULTANT

 

Are you interested in Broker-Dealer or Investment Advisor Registration, Compliance Consulting, Accounting, Tax or FinOp Services? You can reach us at info@sddco.com or 212-751-4422.

FinOp Services & SupervisionBroker-Dealer Membership & ComplianceRIA Registration & ComplianceAML TestingCybersecurityAccounting & BookkeepingTax Compliance & AdvisingBroker-Dealer HostingStart-Ups & Fin Tech

SIGN UP FOR OUR CYBERSECURITY ALERTS

 

Are you safe? In today’s digital world the potential for a security breach is always looming. Get our Cybersecurity Alerts to ensure your data is protected.

“When you hire SDDco, you benefit from the talent and expertise of the entire firm rather than that of an individual practitioner more limited in scope and resources.”

 

SCOTT DANIELS

Chairman and Founder