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Our expertise in the securities industry spans four decades. We provide a range
of services to broker dealers including:
| Management consulting |
- Initial capitalization and organizational structure
- Consulting relative to regulatory agency memberships
- Assistance to accounting and back office operations regarding net
capital, customer reserve computations and internal accounting
controls
- Assistance in review and preparation of regulatory reports (FOCUS
report, etc.)
- Consulting in regard to regulatory examinations
In addition, we have acted as expert witnesses at NASD arbitration hearings
and are frequently called upon by counsel to review SEC laws, regulations, and
interpretations as they relate to the broker-dealer community.
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Audit
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As the independent auditors of numerous broker-dealers, our commitment is
to generate timely and cost efficient audit reports and to provide management
with the opportunity to react to financial information and recommendations by
us during our audit. Our clients include:
- New York Stock Exchange members
- Government/municipal institutional
broker-dealers
- Retail broker-dealers
- Over the counter market makers and
retailers
- Floor brokers and specialists
- Internet brokerage
- Registered investment advisors
- Day traders
- Investment partnerships
- New York Mercantile Exchange members
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These entities have maintained self-clearing, omnibus, and fully-disclosed clearing
arrangements and range in size from operations with minimal support staff to full
service broker-dealers employing over 100 registered representatives.
Tax
We advise our clients on both the tax and economic effects in all areas of taxation,
including mergers and acquisitions, business valuations, reorganizations, employee
benefit plans (profit sharing, 401K, pension, cafeteria, ESOPs, etc), and minimizing
corporate Federal, state and local income and payroll taxes. We also represent
clients before the Internal Revenue Service and other taxing authorities if any
audits arise.
For more information about our services to broker-dealers, contact:
John
Cavallone (973) 577-2306 or Howard
Altman (212) 997- 0500 x3940.
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