What is a Form X 17a 5?
SEC Form X-17A-5 is a financial reporting form that all broker-dealers who are registered with the U.S. Securities and Exchange Commission (SEC) must complete. This form consists of three parts and contains an annual audit that must be performed by a certified public accountant (CPA).
How often are Focus reports filed?
This is done via the filing of a FOCUS Report, often submitted electronically using FINRA’s eFOCUS system to maximize security, accuracy, and proper documentation. Usually, ACI submits the formal report for member firms every month of the year.
How do I amend a focus report?
You can amend a submitted eFOCUS report by navigating to your Work Management Requests list, selecting the “Completed” tab to view all previously submitted filings, then selecting the Filing Actions icon (Ellipsis icon) on your filing in the Requests List.
Where can I find Focus reports?
Login to eFOCUS Go to https://gateway.finra.org/ and use your existing FINRA user ID and password to login. If you are not yet familiar with the Firm Gateway, a brief tutorial is available from the login screen. Upon logging in, access your firm’s FOCUS filing under the Requests option on the left navigation bar.
What is SEC Form 17a?
This SEC Form 17-A shall be used for annual reports filed pursuant to Section 17 of the Securities Regulation Code (SRC) and paragraph (1)(A) of SRC Rule 17.1 thereunder. Annual reports shall be filed within one hundred five (105) calendar days after the end of the fiscal year covered by the report.
Is Form BD publicly available?
The Form also is used by applicants to register as broker- dealers with certain self-regulatory organizations and all of the states. The Commission and the Financial Industry Regulatory Authority, Inc. maintain the files of the information on this Form and will make the information publicly available.
What is Finop?
Financial Operations, or FinOps for short, is the intersection of people, process, and technology as it relates to managing the financial operations of a business.
What is a broker dealer firm?
A broker-dealer (B-D) is a person or firm in the business of buying and selling securities for its own account or on behalf of its customers. The term broker-dealer is used in U.S. securities regulation parlance to describe stock brokerages because most of them act as both agents and principals.
Who needs to file in SEC?
Even if a company doesn’t have to register its securities for an offering, it still may have to file reports with the SEC if the company lists its securities on an exchange or has more than $10 million in assets and a class of equity securities with either 2,000 or more record holders or 500 or more record holders that …
What is SEC Form 23 A?
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES. Filed pursuant to Section 23 of the Securities Regulation Code.
When can I amend my BD form?
UPDATING – By law, the applicant must promptly update Form BD information by submitting amendments whenever the information on file becomes inaccurate or incomplete for any reason.
What is Form NMA?
The New Member Application Form (Form NMA) is used by FINRA’s Membership Application Program (MAP) Group to assess whether an Applicant meets those standards. The form contains 12 sections modeled after the first 12 standards of FINRA Rule 1014.