Financial Accounting Resources & News
Our expert team keeps up on the latest filings from the SEC, FINRA, and the IRS to ensure our clients can efficiently minimize costs and risks while simultaneously maximizing reporting accuracy.
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Shannon Sanderson2017-11-13 13:19:002017-11-13 13:19:00Broker Dealer, Investment Adviser Firm, Agent and Investment Adviser Representative, and Branch Renewals for 2018
ACI Advocacy Brings Regulatory Clarity to Series 99 Ambiguity
/in News/by Jay GettenbergIn May 2025, FINRA issued a long-anticipated update to its Operations Professional Registration FAQ, clarifying that individuals who post journal entries but lack discretionary authority over capital are not required to register as Series 99 Operations Professionals under Rule 1220(b)(3)(A)(i)c. ACI executive management has actively engaged with senior FINRA staff on this in recent years, […]
What is a FinOp?
/in Informational/by Jay GettenbergWhat is a Financial & Operations Principal (FinOp)? The Financial and Operational Principal (FinOp) is a role required by FINRA Rule 1200 Series (previously by NASD Rule 1022). The FinOp obtains qualification by passing the Series 27 or Series 28 examination. Upon registration, the FinOp becomes personally liable for the maintenance of the broker dealer’s […]
ACI’s Jay Gettenberg, Elizabeth Attanasio, to Attend FINRA Annual Conference in Washington, DC
/in News/by Shannon SandersonACI is returning to FINRA’s annual conference after the pandemic paused live events for two years.
New FAQ Clarifies FINOP Site Visit Requirements
/in Regulatory Updates/by Shannon SandersonFINRA just clarified a question that has been a thorn in the side for many outsourced FINOPs and their broker-dealer clients for many years: Are FINOPs required to make on-site inspections of their clients’ records to fulfill their regulatory duties?
The short answer: No.