Compliance

I am in the process of taking my Series 24 test which allows me to be a “General Securities Principal” which effectively means that I can supervise the activities of a broker dealer as I will be overseeing our broker dealer going forward in October. It’s more responsibility and just makes sense for our business.

For those in this space, starting a broker dealer is a long process and comes with a lot of work. At Secfi, we went through the process in 2019.

It was painful but a necessary part of our business. Given the industry we are in, we always want to make sure we keep everything above board and in regulatory compliance. It has been our stance at Secfi since we started, and we will continue to take that stance going forward.

This is just one way we create and maintain trust with our clients. Admittedly, there are a lot of players in our space who do things under the table. This is risky not only for the company but for the potential clients that decide to use their services.

Organizations like FINRA exist for a reason: to protect the consumer. Although I wish the process wasn’t as long and arduous, I understand why it is this way and we’ll continue to invest time and effort to making sure we comply with the regulations.