The various examinations that the SEC and FINRA require for those in the financial industry are extensive.

FINRA specifically requires individual exams based on your role with your firm.  Also, FINRA requires that you be registered with them depending on your role.  Registered Principals include sole proprietors, officers, partners, managers of offices of supervisory jurisdiction, and directors of corporations.  Another category of individuals that must be registered with FINRA is Registered Representatives.  This category includes assistant officers other than principals, who are engaged in the investment banking or securities business for the member including the functions of supervision, solicitation, or conduct of business in securities or who are engaged in the training of persons associated with a member for any of these functions, are designated as representatives.  The professionals at Cobia will partner with your firm to help determine those in your office that must be registered and what exams are required for their role.  From a Series 3 to a Series 99 exam, the team at Cobia will have your firm in compliance and prepared for their exams.

Under the Securities Exchange Act of 1934, the Investment Advisers Act of 1940, and the Investment Company Act of 1940, the SEC is eligible to examine any firm that is registered with them.  This can include registered broker-dealers, transfer agents, clearing agencies, investment advisers, and investment companies.  These exams can occur for a variety of reasons and at times can be performed with without notice.  As a client of Cobia, we will have your firm prepared regardless of an announced or unannounced visit from the SEC.  Cobia will be by your side prior, during, and after SEC examinations to assist in any way possible to provide the SEC with what is needed and to assist in your firm’s compliance.