Financial Operations Principal:
FINRA Rule 1220. Registration Categories | FINRA.org requires that FINRA registered Broker Dealers maintain a Financial Operations Principal (Finop). This individual has a Series 27 License and is responsible for the overall financial operations of the Firm. This would include:
- Maintaining the Financial Books and Records
- Creating Financial Reports
- Filing Monthly/Quarterly/Annual Focus reports
- Responding to Regulatory inquires regarding the financial condition of the Firm
At Finop Solutions, we provide Financial Operations Principals for FINRA New Membership Applications or for ongoing Broker Dealer Operations.