Sorting by

×

Outsourced FINOP Services

  • Home
  • I
  • Outsourced FINOP Services

We Ensure That ALL The Rules Are Followed

FINRA Rule 1220 mandates that every member firm appoint a qualified individual to serve as the Financial and Operations Principal (FINOP). This individual must hold either the "Series 27: Financial and Operations Principal" or the "Series 28: Introducing Broker-Dealer Financial and Operations Principal " license, depending on the member's operations and net capital requirements. Furthermore, firms are required to have a FINOP who is designated as both the Principal Financial Officer and the Principal Operations Officer.


Cartana employs multiple consultants who hold either or both the Series 27 and Series 28 licenses, along with other relevant licenses and certifications. This position can be outsourced to an industry professional with the necessary credentials, resulting in significant cost savings compared to hiring a full-time, in-house principal. The FINOP is fully accountable for all regulatory responsibilities associated with the role, regardless of whether they are employed directly by the firm or engaged on an outsourced basis.

As Your Outsourced FINOP, Our Duties Are:

  • Final approval and responsibility for the accuracy of financial reports submitted to any duly established industry regulatory body
  • Final preparation of such reports
  • Supervision of individuals who assist in the preparation of such reports
  • Supervision of and responsibility for individuals who are involved in the actual maintenance of the member’s books and records from which such reports are derived
  • Supervision and/or performance of the member’s responsibilities under all financial responsibility rules promulgated pursuant to the provisions of the Securities Act of 1934 (Exchange Act)
  • Overall supervision of and responsibility for the individuals who are involved in the administration and maintenance of the member’s back office operation
  • Any other matter involving the financial and operational management of the member

Why Choose Us

Since 2015, Cartana Consulting Solutions has risen up to the challenge of supporting FINRA member firms in their financial responsibilities. Our goal is to provide broker dealer owners and executives peace of mind - allowing them to fully focus on day-to-day business operations.

A clean record

Our commitment to maintaining high professional standards is something we take pride in. As a testament to our dedication and professionalism, you will not come across any disclosures on the broker check pages of our FINOP consultants.

EXCEPTIONAL SERVICE

With 100% client satisfaction, you can rest assured that we will carry out our services for your firm, without fail.

PROVEN PERFORMANCE

Rest assured that our dedicated team will thoroughly execute the services for your firm with attention to detail. Our goal is to ensure that all work is completed in a timely manner and in strict accordance with industry standards.

Partner With Us