Sample Engagements

Compliance Examinations

  • RRS teamed up with the compliance department of a large regional broker-dealer to review and update their branch inspection plan, and subsequently assisted the firm in implementing the inspection program. 

FINRA Membership Process

  • RRS was engaged by a large financial services holding company to support its compliance and legal team during a corporate reorganization that required filing simultaneous FINRA New Member Application and Membership Continuance for their wholly owned subsidiaries. RRS support and expertise with these processes resulted in the applications being approved by FINRA in less than 4 months.

Independent Consultant

  • RRS served as the Independent Consultant for a broker-dealer resulting from an enforcement action by a State SecuritiesAdministrator for various violations, including the use of letters of authorization.  Engagement required expertise of operations, supervisory, and compliance policies to conduct the required reviews and prepare the reports as mandated in the enforcement order. (more…)

Expert Witness

  • An RRS team member was engaged as expert witness in a FINRA Arbitration on behalf a broker-dealer for claims of defamation with regard to comments made on the Form U5 filed pursuant to FINRA rules. This engagement required in depth familiarity with FINRA/NASD rules, policies and practices relative to a member’s reporting obligations when completing and filing Form U5. (more…)