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NASD Mock
Examinations
SCA has developed a program with three
primary objectives: (1) To assist our clients in
preparing for an actual regulatory examination;
(2) To give our clients an objective assessment of
their compliance program by identifying potential
problem areas before they result in customer
complaints or disciplinary action; and (3) To
assist firms in meeting their supervisory
responsibility regarding internal inspections.
Our program
assists broker dealers in maintaining
compliance with NASD Rule 3010(c)
and new Rules
3012 and 3013.
The following areas are covered during the
examination:
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General Operations |
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Supervision including Compliance
Controls |
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Books and Records |
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Written Supervisory Procedures |
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General Sales Practices |
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Financial Responsibility Requirements (Financial, Net Capital, Books & Records) |
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Registration
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Trading and Market Making |
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Corporate Fixed Income |
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Municipal Securities |
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Variable Contracts |
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Investment Company Securities |
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Penny Stock Securities |
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On-line Trading |
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Private Placements / Offerings
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Research Reports |
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Mergers and Acquisitions/Investment
Banking |
A confidential report is issued to
management outlining audit findings by SCA with
recommended corrective action.
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