Broker Dealer Regulation

Sichenzia Ross Ference Carmel LLP is actively involved in representing Broker-Dealers in all aspects of their business including, but not limited to, regulatory, compliance and disciplinary matters involving FINRA and the SEC.


  • Broker-Dealers and Clearing Firms
  • Prime Brokers
  • Hedge Funds
  • Commodity Firms
  • Associated Persons

Sichenzia Ross Ference Carmel LLP provides its clients with a broad range of advice on regulatory and compliance issues that arise in the Broker-Dealer context including, but not limited to, questions on federal and state securities laws, FINRA rules and procedures, net capital, margin, anti-money laundering procedures, customer disputes, customer protection, research analyst and research coverage, market making, clearance and settlement, and reporting requirements of the SEC, FINRA and State Securities Regulators. We also assist Broker-Dealers in connection with SEC and FINRA examinations, investigations and modifications to membership agreements. We routinely represent Broker-Dealer clients in arbitration hearings and regulatory enforcement proceedings. We are able to provide Broker-Dealers with a broad array of advice in connection with their investment banking activities, including best-efforts and firm commitment offerings, underwriting, syndicate and other forms of financings. In addition, we monitor and participate in regulatory and compliance matters by submitting responses to the SEC and FINRA requests for comments on proposed rule changes.


  • Representation in investigations and enforcement and disciplinary proceedings initiated by the SEC, FINRA, CFTC, the Justice Department, state securities regulators, and states’ Attorneys General
  • Consultation and representation in connection with regulatory examinations and on-site audits
  • Advise on FINRA disclosure obligations for Broker-Dealers and Associated Persons
  • Qualification of Associated Persons with various state and self-regulatory agencies
  • Broker-Dealer formation
  • Purchase and sale of existing Broker-Dealers
  • Preparation of New Membership Applications and
  • Amendments to Membership Agreements of existing Broker-Dealers
  • Obtain FINRA approval for changes in ownership or control of Broker-Dealers
  • Provide advice to Broker-Dealers on sales practice regulations including suitability and disclosure requirements
  • Conduct annual compliance meetings
  • Conduct independent Annual Anti-Money Laundering reviews
  • Develop and analyze Compliance Manuals and Supervisory Procedures for Broker-Dealers

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