Ensuring Regulatory Excellence: No How GiGCXOs Audits Broker-Dealers and Advisers
At GiGCXOs, we understand the critical importance of maintaining compliance and mitigating risk within broker-dealers and Registered Investment Advisers (RIAs). Our comprehensive audit services are designed to ensure that our clients not only meet but exceed regulatory expectations. Below is an in-depth look at the various audits we perform to safeguard your operations and enhance your compliance posture.
Comprehensive Compliance Program Audit
Our Comprehensive Compliance Program Audit is the cornerstone of our audit services. We meticulously evaluate the overall compliance infrastructure, ensuring that policies and procedures are robust, up-to-date, and effectively implemented. This audit examines the firm's adherence to regulatory requirements, the effectiveness of compliance training, and the responsiveness of the compliance program to evolving regulations.
Cybersecurity and IT Audits
In today’s digital landscape, cybersecurity is paramount. Our Cybersecurity and IT Audits assess the strength of your firm’s defenses against cyber threats. We evaluate your IT infrastructure, data protection measures, incident response plans, and compliance with regulations such as the SEC’s Regulation S-P. Our goal is to ensure your firm is protected against potential breaches that could compromise sensitive client information.
FINRA Examination and Audits
FINRA examinations can be daunting, but GiGCXOs’ expertise helps firms navigate these with confidence. We conduct mock FINRA audits to identify potential compliance gaps before regulators do. Our team prepares your firm for all aspects of the examination process, including documentation, procedure reviews, and employee readiness, to ensure a smooth and successful FINRA audit.
Supervisory Controls Audit
Effective supervision is critical in maintaining regulatory compliance. Our Supervisory Controls Audit scrutinizes the mechanisms in place for overseeing employee activities, trade practices, and customer interactions. We ensure that supervisory controls are not only compliant with FINRA’s requirements but also that they effectively mitigate risk and prevent misconduct.
Business Continuity Plan (BCP) Review
Business continuity is essential in the face of disruptions. Our BCP Review evaluates your firm’s preparedness for emergencies, including natural disasters, cyberattacks, and other unforeseen events. We assess the robustness of your continuity plans, communication strategies, and recovery processes to ensure your business can continue operating smoothly under adverse conditions.
Internal Audit Function
Internal audits are a proactive way to identify and rectify issues before they escalate. GiGCXOs provides a thorough review of your internal audit functions, assessing the independence, scope, and effectiveness of your internal audits. We ensure that your internal audits are comprehensive and aligned with best practices, providing management with valuable insights for continuous improvement.
Customer Complaints and Dispute Resolution Review
Handling customer complaints effectively is crucial for maintaining trust and compliance. Our review process examines how your firm manages customer complaints, ensuring that your resolution processes are fair, timely, and compliant with regulatory requirements. We help you identify trends, address recurring issues, and enhance your complaint management systems.
Market Access Rule Compliance
The Market Access Rule requires firms to have controls in place for their market access. Our audit of Market Access Rule Compliance focuses on the systems and procedures your firm uses to manage risks associated with direct market access. We evaluate your pre-trade risk controls, post-trade surveillance, and overall compliance with SEC Rule 15c3-5.
Options and Derivatives Compliance
Trading in options and derivatives involves complex regulations. Our Options and Derivatives Compliance Audit assesses your firm’s adherence to relevant rules and regulations, including those of the SEC, CFTC, and FINRA. We review your firm's processes for approving, trading, and reporting options and derivatives, ensuring compliance and minimizing risk.
Operational Risk Management Review
Operational risks can significantly impact a firm's performance. Our Operational Risk Management Review evaluates the processes and controls in place to manage risks associated with daily operations. We assess the effectiveness of your firm’s risk management strategies, identify potential vulnerabilities, and recommend improvements to strengthen operational resilience.
FINRA's Consolidated Audit Trail (CAT) Compliance
Compliance with FINRA's Consolidated Audit Trail (CAT) is mandatory for broker-dealers. Our CAT Compliance Audit ensures that your firm meets all CAT reporting requirements, including accurate data submission, timely reporting, and effective error correction processes. We help you stay compliant with this critical regulatory obligation.
High-Frequency Trading (HFT) Review
High-Frequency Trading (HFT) requires stringent compliance controls due to its speed and complexity. Our HFT Review evaluates the systems and controls your firm uses to manage the risks associated with high-frequency trading. We focus on ensuring compliance with regulatory requirements and minimizing the potential for market disruption or abuse.
GiGCXOs is committed to delivering top-tier audit services that empower broker-dealers and RIAs to achieve regulatory excellence. Our comprehensive audits cover every aspect of your operations, from cybersecurity to high-frequency trading, ensuring that your firm is well-prepared to meet regulatory challenges and operate with confidence in a complex financial landscape.
By partnering with GiGCXOs, you gain access to industry-leading expertise and a proactive approach to compliance, allowing you to focus on what you do best—serving your clients and growing your business.
