How and Why You Must Perform a Regulatory Compliance Assessment

Financial entities, such as broker dealers, investment advisors and hedge funds, are all required to perform Compliance Risk Assessment on an annual basis in order to be in regulatory compliance with the SEC. But what does this mean to you? Understanding what this assessment process entails can be tricky. Read on to discover how we can help you as you work to maintain regulatory compliance.

The Ins and Outs of Compliance Assessment

When you go through the process of a regulatory compliance assessment, the main goal is to assure that you're in line with the rules and regulations set forth by the SEC. Too often financial companies and broker dealers think they can handle their regulatory compliance on their own. The reality though is that regulatory compliance regulations are constantly changing. Only when you work with a company whose entire purpose is to assure you're in compliance will you truly be covered. Contact us today by filling out the form on the right and get information on we can help ensure you're within regulatory compliance.

What to Expect From Compliance Assessments

As we help you perform an assessment of your regulatory compliance, there are several key ways we'll make sure you're covered. They include, but are not limited to :

• Examining your organization's ability to plan for and prevent various risk factors;

• Considering the risks as they exist now, with an additional focus on future regulatory compliance risks;

• Reviewing your internal documents and industry information that corresponds to them;

• Involving all staff members to be sure that your entire organization is within regulatory compliance;

• An examination of the impact of various risk areas and their likelihood to reoccur;

• Performing regulatory compliance tests on your employees to ensure they know the issues surrounding regulatory compliance.

The Importance of Compliance Assessments

We've come across many companies and organizations who believe that the risk of not ensuring regulatory compliance is worth not paying for the peace of mind of services like ours. However, this is simply not the case. Not being within the regulatory compliance regulations can lead to severe penalties from the SEC. They can include huge fines, loss of business and can even mean jail time. Don't let yourself believe that a regulatory compliance assessment isn't worth the investment. The truth is that there is likely nothing more important to your business.

Contact Us Today to Get More Information on Compliance

It is essential that you get started on your regulatory compliance assessment right away. The USA Patriot Act has changed the way regulatory compliance regulations are written and enforced. The recent financial fallout on Wall Street has only made the SEC more diligent in fighting regulatory compliance. As a result, the time to act is now! Don't wait until some drastic happens. Be proactive and take matters into your own hands. When you fill out the form on the right, one of our trained advisors will contact you to find out what your regulatory compliance assessment issues are. Together we will work to ensure you're following the applicable SEC guidelines and regulations.