Finseg has been engaged by SROs, firms and outside counsel to conduct reviews and recommend corrective actions when deficiencies have been identified internally or in connection with an examination or investigation.
Finseg’s process for these reviews is similar to that for administrative orders: the scope of the review is dictated by the terms of the engagement letter; Finseg gains an understanding of the practices and operations of the firm; develops a review/testing plan; and provides an agreed upon deliverable that provides practical, actionable recommendations. During the reviews, Finseg provides regular feedback enabling firms to achieve compliance and demonstrate prompt corrective action.