Top Notch Broker Dealer Financial Statements

If the broker-dealer is not a FINRA member then the filings must be submitted directly to the Bureau.

Broker dealer financial statements. Discussion and interpretive guidance associated with industry specific financial reporting and regulatory compliance. These records provide Designated Examining Authorities DEA with regulatory filings within the required 17 business days before month end. When broker-dealers file their annual reports with the SEC they are required to include their financial statements and supporting schedules typically along with audit reports prepared by PCAOB-registered public accounting.

It is critical to understand the complexities of the specialized accounting and regulatory requirements needed for the broker-dealer industry. The 2021 State Requirements for Broker-Dealer Annual Audited Financial Statements list is intended to keep broker-dealers and their accounting firms informed of updated financial reporting requirements and to be used as a guide when preparing and submitting annual audited financial statements to state regulatory agencies. Examples of financial statements disclosures and supplementary schedules.

A complete audited financial statement must be filed directly with and received by the Bureau on or before the 60th day from the date of the firms fiscal year end FYE. Basis for Opinion The financial statement is the responsibility of the Companys management. Broker-dealer and then either lend them to another broker-dealer or use them to cover short positions.

Summary of the financial report including financial statements and reporting schedules. BROKER DEALER ANNUAL AUDITED FINANCIAL STATEMENT COMPLIANCE CHECKLIST step 1 TITLE PAGE TABLE OF CONTENTS FACING PAGE - X-17A-5 - Must be notarized by the same person who signs the Exemption Provision Assertion page. The PCAOB has registration inspection standard-setting and disciplinary authority over the auditors of broker-dealers.

See below for further information on FINRA Firm Gateway. Where permitted we have also loaned to broker-dealers and other financial institutions securities owned by the firm our clients or others we have received as collateral. Broker-dealers including broker-dealers registered as over-the-counter derivatives dealers can voluntarily file their annual reports and supplemental reports electronically with the Commission through its Electronic Data Gathering Analysis and Retrieval system EDGAR in.

Investors should always keep good records of their securities transactions including copies of account statements trade confirmations and canceled checks. Only the PFOFinOp or a registered principal are permitted to sign. Although the federal securities laws require brokers to keep particular records for specified periods of time your broker is not required to keep records indefinitely.