Compliance Exchange, LLC

B/D Services

New Member Registration
We offer a comprehensive new Broker/Dealer registration package and manage the entire process for you from beginning to end. Our staff streamlines the entire New Membership Application (“NMA”) process to remove the burden of completing this comprehensive and often overwhelming task allowing our clients to focus on the business aspects of their new broker dealer.  Our experience allows us to efficiently manage each step of the application process.

Continuing Member and Material Change Applications
FINRA requires that a member submit an application for approval when a change in ownership, control or business operations is anticipated. While an application for approval of a change in ownership and/or control requires a 30-day advance notice, a material change in business operations requires approval of the change prior to effecting it. This application is very comprehensive and can take considerable time and effort to complete properly. We have vast experience with these applications and can fully and seamlessly manage the process allowing you to move forward expeditiously with a new business structure, idea, product or partnerships.

Continuing Education and Training
Compliance Exchange helps broker/dealers develop the Firm Element portion of Continuing Education programs including the Needs Analysis and Written Training Plan.  We also can offer resources to provide training in the areas of your business.

CCO and Financial Principal Outsourcing Services
Compliance Exchange offers Chief Compliance Officer and FinOp outsourcing services to its broker/dealer clients.   Our staff is comprised of properly licensed, well-qualified principals with years of experience managing compliance and FinOp functions.

Compliance and Supervisory Manuals
We provide Broker-dealer Written Supervisory Procedures (WSP) and Compliance Manuals customized to fit your products, customers, personnel and the manner in which you conduct your business. To keep your Supervisory Procedures Manual current with the ever-changing regulations, we offer a Supervisory Procedures Manual update service.

AML Program Testing and Training
For many firms, it is not possible to achieve the requirement of independence where the person conducting the test cannot perform or be supervised by any person who performs any of the tasks to administer the AML program. Larger firms either require or prefer to have a third party to perform the test of this critical function. Compliance Exchange has developed a comprehensive, testing program through which our staff conducts an independent, objective examination of a firm’s anti-money laundering compliance program which can be done onsite or remotely.  

Web IARD/CRD Services
Compliance Exchange has vast experience registering new broker/dealers and filing new and amended Forms U4, U5, BD, BDW, and BR.  In addition, Compliance Exchange offers comprehensive state registration and notice filing services to properly register your firm in all states and U.S. territories. The requirements for broker dealer/adviser registration vary from state to state and can be quite extensive but our years of experience can help simplify these issues.

Compliance Consulting, Testing and Mock Exams
FINRA requires firms to conduct and Annual Reviews to determine whether the firm’s policies & procedures are reasonably designed and implemented to prevent violation of securities regulations.  In addition, the SEC and FINRA regularly conduct comprehensive exams of broker/dealers.  Compliance Exchange provide consulting and testing services to help ensure you are prepared for regulatory inspections.

RIA Services

Investment Adviser Registration
We offer a comprehensive, and robust Investment Adviser registration package and manage the entire process for you. Our experienced staff will work with you to register your investment adviser with the SEC or individual states. Like our New Broker Dealer Registration service, we offer an all-inclusive comprehensive package and manage the entire process for you including completion of Form ADV and all schedules, investment advisory contracts/agreements, written supervisory procedures, Code of Ethics, IARD online filing, etc.

Form ADV
 It is critical to the success of any investment adviser to ensure that the information it provides is comprehensive, complete and accurate. If done properly, it can also provide the adviser with a tremendous opportunity to tell its story to potential and existing clients as well as meet the required disclosure requirements. We can review and/or prepare Form ADV (Parts 1 & 2) for general compliance requirements.  Additionally, we will review your Form ADV to ensure consistency with your Firm’s Written Procedures, Code of Ethics and Investment Advisory Agreements.

Investment Adviser Policy & Procedures Manuals
The experienced staff at Compliance Exchange can create customized Investment Adviser Policies & Procedures Manuals. Each manual we develop is customized to reflect the specific business of the adviser as well as all applicable regulatory requirements. 

Compliance Reviews, Testing and Mock Exams
SEC Rule 206(4)-7 requires advisers to conduct an Annual Review to determine whether the firm’s policies & procedures are reasonably designed and implemented to prevent violation of federal securities laws (adequacy testing) and are effectively operating to prevent compliance problems, identify problems that occur and promptly correct those issues – achieving the goals as intended (effectiveness testing).

The SEC regularly conducts comprehensive exams of investment advisers.  In addition, it has launched an initiative to conduct focused, risk-based “Presence Exams” of investment advisers to private funds that recently registered with the Commission. Compliance Exchange can conduct Mock Exams to ensure your adviser firm is ready.

Investment Adviser Compliance Consulting
Compliance Exchange offers professional consulting to investment advisers attempting to meet the demanding and sometimes overwhelming regulatory requirements of the financial services industry – from ongoing expert advice and assistance to interim compliance staffing needs.

Web IARD/CRD Services
Compliance Exchange has vast experience registering new broker/dealers and filing new and amended Forms U4, U5, BD, BDW, and BR.  In addition, Compliance Exchange offers comprehensive state registration and notice filing services to properly register your firm in all states and U.S. territories. The requirements for broker dealer/adviser registration vary from state to state and can be quite extensive but our years of experience can help simplify these issues.