managing-broker-dealer-compliance
Structures BD compliance monitoring with supervision, registration, and reporting requirements. Use when managing BD compliance, reviewing supervisory procedures, or monitoring registration requirements.
Best use case
managing-broker-dealer-compliance is best used when you need a repeatable AI agent workflow instead of a one-off prompt.
Structures BD compliance monitoring with supervision, registration, and reporting requirements. Use when managing BD compliance, reviewing supervisory procedures, or monitoring registration requirements.
Teams using managing-broker-dealer-compliance should expect a more consistent output, faster repeated execution, less prompt rewriting.
When to use this skill
- You want a reusable workflow that can be run more than once with consistent structure.
When not to use this skill
- You only need a quick one-off answer and do not need a reusable workflow.
- You cannot install or maintain the underlying files, dependencies, or repository context.
Installation
Claude Code / Cursor / Codex
Manual Installation
- Download SKILL.md from GitHub
- Place it in
.claude/skills/managing-broker-dealer-compliance/SKILL.mdinside your project - Restart your AI agent — it will auto-discover the skill
How managing-broker-dealer-compliance Compares
| Feature / Agent | managing-broker-dealer-compliance | Standard Approach |
|---|---|---|
| Platform Support | Not specified | Limited / Varies |
| Context Awareness | High | Baseline |
| Installation Complexity | Unknown | N/A |
Frequently Asked Questions
What does this skill do?
Structures BD compliance monitoring with supervision, registration, and reporting requirements. Use when managing BD compliance, reviewing supervisory procedures, or monitoring registration requirements.
Where can I find the source code?
You can find the source code on GitHub using the link provided at the top of the page.
SKILL.md Source
# Managing Broker Dealer Compliance Structures ongoing broker-dealer compliance monitoring across supervisory procedures, representative registration, regulatory reporting, and examination readiness under FINRA and SEC requirements. ## When To Use - Standing up or overhauling a BD compliance program after a new registration, merger, or deficiency letter - Conducting periodic (quarterly/annual) compliance reviews of Written Supervisory Procedures (WSPs) - Preparing for or responding to a FINRA cycle examination or SEC risk-based examination - Onboarding or terminating registered representatives and updating Form U4/U5 filings - Monitoring trading activity for suitability, best execution, and Reg BI obligations - Reviewing books-and-records obligations under SEC Rules 17a-3 and 17a-4 - Evaluating branch office supervision and OSJ (Office of Supervisory Jurisdiction) designations ## Inputs To Gather - **Firm CRD number** and current Form BD registration details - **Current WSPs** — the firm's written supervisory procedures manual and any amendments - **Organizational chart** — supervisory hierarchy, designated principals, OSJ locations - **Registration roster** — all registered representatives with license types (Series 7, 63, 65, 66, etc.), CE status, and outside business activity (OBA) disclosures - **FINRA examination history** — prior exam letters, deficiency findings, and remediation status - **Exception reports** — trade blotter, suitability reviews, email surveillance logs, gift/entertainment logs, political contribution records [VERIFY: scope depends on firm's business lines] - **Customer complaint log** — written complaints, arbitration claims, and 4530 event filings - **Regulatory filing calendar** — FOCUS report schedule, SIPC assessment dates, annual compliance meeting deadline - **AML/BSA program documents** — CIP procedures, SAR filing history, independent AML test results ## Workflow 1. **Map the regulatory framework** - Identify all applicable FINRA rules (e.g., Rules 3110, 3120, 3310), SEC regulations, and state-level requirements based on the firm's lines of business (retail, institutional, municipal, variable products) - Confirm SRO membership obligations and any restricted-activity conditions on Form BD [VERIFY: state-specific registration requirements] 2. **Audit supervisory structure** - Review the WSP manual section-by-section against current FINRA rule map; flag gaps where procedures are missing or outdated - Verify each supervisory designation: confirm that designated principals hold appropriate licenses (Series 24, 27, 53, etc.) and that OSJ branch offices have on-site supervision - Assess delegation chains — ensure no single principal is over-extended across too many registered reps or branch locations 3. **Review registration and licensing** - Reconcile the rep roster against CRD records; flag lapsed registrations, overdue CE windows, and incomplete Form U4 amendments (disclosure events must be reported within 30 days) - Audit OBA and private securities transaction (PST) disclosures for completeness - Confirm Form U5 filings for terminated reps were filed within 30 days with accurate reason-for-termination codes 4. **Evaluate ongoing surveillance** - Review exception-report workflows: who generates them, who reviews, what the escalation path is, and how resolutions are documented - Assess trade surveillance for suitability (Reg BI for retail, fiduciary for IA-affiliated), excessive trading/churning, unauthorized trading, and best execution - Check email/electronic communications surveillance — confirm review frequency, lexicon adequacy, and escalation handling - Review gift, entertainment, and political contribution monitoring against FINRA Rule 3220 and MSRB Rule G-37 [VERIFY: if municipal business applies] 5. **Assess books-and-records compliance** - Confirm retention schedules meet SEC Rule 17a-4 requirements (e.g., 6-year retention for blotters, 3-year for correspondence) - Verify WORM (Write Once, Read Many) storage compliance for electronic records - Check that customer account records, order tickets, confirmations, and account statements are complete and accessible 6. **Evaluate AML program** - Confirm the AML Compliance Officer designation is current and reported on FINRA's contact system - Review CIP procedures, SAR filing timeliness, and CTR thresholds - Verify that the independent AML test was conducted within the required cycle [VERIFY: annual vs. risk-based frequency per firm's risk profile] 7. **Compile compliance report** - Summarize findings by risk category: high (immediate remediation), medium (next-quarter action), low (monitor) - Map each finding to the specific rule or regulation implicated - Draft remediation recommendations with responsible parties and target dates - Prepare examination-readiness scorecard for management and board review ## Output The deliverable is a **BD Compliance Management Report** containing: - **Executive summary** — overall compliance posture, critical findings count, and trend vs. prior review - **Supervisory structure assessment** — WSP gap analysis, principal coverage adequacy, OSJ compliance - **Registration and licensing status** — rep roster reconciliation, CE compliance rates, U4/U5 filing audit - **Surveillance effectiveness review** — exception-report metrics, trade review coverage, communication surveillance stats - **Books-and-records audit** — retention compliance, storage format verification, accessibility confirmation - **AML program evaluation** — CIP/SAR/CTR compliance, independent test findings - **Regulatory filing tracker** — upcoming FOCUS, SIPC, Rule 3120 (annual CEO certification), and Rule 3130 (CCO annual report) deadlines - **Remediation plan** — prioritized action items with owners, deadlines, and escalation triggers - **Examination readiness score** — red/yellow/green by compliance category ## Quality Checks - Every finding cites a specific FINRA rule, SEC regulation, or state requirement — no generic "compliance gap" entries - WSP review covers all business lines the firm actually conducts, not just a template checklist - Registration data is cross-referenced against live CRD/IARD records, not just internal spreadsheets - Remediation items have named owners and concrete deadlines, not "TBD" placeholders - AML independent test results are from the most recent cycle and performed by a qualified party - [VERIFY] markers are placed on all jurisdiction-dependent items (state registration, municipal rules, variable-product-specific requirements) - Report distinguishes between regulatory requirements (must-do) and best-practice recommendations (should-do) - No finding is left without a recommended remediation path or explicit risk-acceptance notation
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