Broker Dealer Services

Mainstay’s Broker / Dealer services provide our clients with the regulatory and compliance expertise necessary to meet the ever changing challenges of the current regulatory environment. We tailor our services to meet the needs of our clients so they can ensure compliance with the applicable rules and regulations. We don’t sell our clients a product; we deliver a solution.

FINRA Membership Process

The FINRA membership process can be a time-consuming and demanding process. Mainstay’s consulting staff includes former FINRA staff members who understand the nuances of the application process.

The critical elements to the timely and successful completion of FINRA membership include:

A complete and concise business plan; Adequate capital to support ongoing operations; Detailed discussion of the firm's supervisory system; and Timely registration and qualification of all associated persons.

The registration process actually begins several months before an application is submitted to FINRA. A Mainstay consultant typically works with the applicant during this period to properly organize the business plan, complete the application and draft the documents that must be submitted with the application. FINRA’s "Tools" web page offers considerable guidance on how the required documents must be prepared.

At Mainstay, our consultants have many years of direct hands-on experience with the membership application process. As such, we are uniquely positioned to provide the assistance needed to successfully complete the FINRA membership process.

Contact a Mainstay consultant to request additional information.

Regulatory and Compliance Services

Advertising & Website Review AML Audit/Independent Testing AML Procedures Annual Compliance Meetings Books and Records Branch Office Inspections Clearing Agreements Compliance Procedures/Manuals Reviewed and Customized Compliance Reviews Continuing Education/Training Customer Complaint Review & Form Filing Due Diligence/Product Reviews Employee Development Execution Agreements Form B/D and B/R Amendments Mock Regulatory Examinations

Operational Systems and Procedures Outsourcing Recruitment/Executive Search Registration Renewals Regulatory Examination Assistance Regulatory Inquiry Assistance Regulatory Mandated Consulting Regulatory Mandated Independent Consulting Risk Management Sales Practice Reviews State Regulatory Filings Supervisory Controls Assessments Supervisory Procedures/Manuals Reviews and Customization Training U4 and U5 Amendments Work Flow and Systems Analysis

Registration Services

FINRA New Membership Application Changes to Membership Applications (Rule 1017 application) State Applications/Registrations CRD Administration

Mainstay Capital Markets Consultants, Inc. can assist with the formation of new Brokers / Dealers. For more information,click here.

Financial Reporting Service

Net Capital and FOCUS Filing Assistance FINOP Services Financial Reporting Services

Additional Services

Expert Witness Services Litigation Support Due Diligence for Mergers and Acquisitions Recruitment/Executive Search