FINRA requires each member firm to have two Series 24 principals (unless the firm is a sole proprietor with a two-principal waiver granted by FINRA). We can provide outsourced FINRA licensed Series 24 principals dedicated to implement the required supervisory system, including:
Providing broker-dealer officers, e.g., a President, Financial Operations Principal (FINOP) and CCO;
Performing supervisory functions and implementing and overseeing all written supervisory procedures of the broker-dealer; and
Maintaining registration in all jurisdictions required by the business.
We consider each outsourced principal arrangement on a case-by-case basis, taking into account the client's business activity, risk profile, compliance infrastructure and culture, to ensure a good fit for both the client firm and ourselves. We also provide outsourced CCO services.