Additional Services – BDL Compliance Consulting

BDL Compliance Consulting has extensive experience with expert witness engagements and testimony having been involved in more than 50 cases concerning a wide array of securities industry issues and topics. We have also received special training and education in giving testimony. Some of the issues we have addressed as an expert witness include but are not limited to the following: Insider Trading, Ponzi Schemes, Due Diligence, Suitability, Fraud, Fiduciary Duties, Best Execution, Commission Disputes, Policies & Procedures, Outside Business Activities, Directed Brokerage & Commission Recapture Programs, Wrap Fees, Books & Records, Brokerage Operations, Industry Practices & Customs, Form U-4 and Form U-5 Disclosure. Some of the securities and product types that we have addressed as an expert witness include but are not limited to: Equities, Options, Fixed Income, Private Placements, Mutual Funds, Variable Annuities, Hedge Funds, and Commodity Pools. Additionally, we function not only as an expert witness but also as an advisor with these engagements, noting issues, rules, regulations and industry practices that may have been overlooked. Many of the cases we have been engaged with also require written reports that can be provided upon request.

We provide your firm with Financial and Operational Principle (FINOP) services that are in compliance with FINRA and SEC financial regulatory reporting and filing requirements including the filing of the monthly or quarterly FOCUS reports as well as maintenance of the financial books and records of your broker dealer. In addition to the net capital requirements under SEC Rule 15c3-1, we also provide services concerning the Reserve Computation under SEC Rule 15c3-3. Since we used to be on the receiving end of these financial reports as FINRA examiners, we are intimately familiar with the requirements. In addition, we have vast experience in filing reports, and maintaining the books and records. This is an area that has to be very precise and exact and can result in a firm and its principals being fined and sanctioned by FINRA and the SEC.

We approach this process from the perspective and viewpoint of the examiner, based on our prior experience as regulators. We can provide an actual "mock" or practice regulatory exam and report the results to you. Since exams can be very intimidating and confusing, we are there to prepare you and guide you through the process. We can also advise you of as well as implement new regulatory requirements as they become effective. The end result is reduced exposure to regulatory risk.

Expert Witness Services

FINOP Services

Mock Examinations

CBOE Trading Permit Holders (TPH)

Investment Adviser Services