FINOP, PFO, POO Services

Financial and Operations Principal (FINOP)

ARG provides an outsourced solution tailored to the needs of broker-dealers. Every broker-dealer is required to maintain the services of a FINRA Series 27 FINOP or a FINRA Series 28 Introducing Broker-Dealer Financial Operations Principal. A FINOP oversees the books and records and monitors a FINRA member firm’s adherence to industry net capital rules and applicable laws, as well as the filing of all financial regulatory reports.

Regulation allows for an appropriately registered Series 27/28 to perform the FINOP role.  Outsourcing the FINOP role provides a FINRA member firm with many benefits. Hiring an experienced FINOP Consultant rather than employing a full-time employee allows a Firm to having top-level talent at the fraction of the cost of keeping the role in-house.  ARG can assume the FINOP responsibilities of your broker-dealer or assist your in-house FINOP in performing financial duties including FINRA/SEC/SIPC regulatory filings.  ARG in many circumstances can also assume the role of Chief Financial Officer.

Principal Financial Officer (PFO) and Principal Operations Officer (POO)

All FINRA Member firms are required to designate a PFO and POO. ARG will assign a qualified series 27/28 licensed individual to be designated as your firm’s PFO and/or POO with primary responsibility of oversight of the  day-to-day operations of your broker-dealer business.  This includes the supervision of assigned personnel, overseeing of the receipt and delivery of securities and funds, safeguarding customer and firm assets, calculation and collection of margin from customers and processing dividend receivables and payables and reorganization redemptions and those books and records related to such activities.

 

  • FOCUS
  • FORM OBS
  • NET CAPTIAL COMPUTATION
  • SSOI
  • FORM SIS
  • FINANCIAL STATEMENT PREPARATION
  • FORM CUSTODY
  • SIPC
  • SCHEDULE I