Accounting & Compliance International

Accounting & Compliance International, known as ACI, provides outsourced Financial and Operations Principal (FinOp) services and regulatory accounting to broker-dealers. FINRA Rule 1022 requires every broker-dealer to employ a qualified Series 27 FinOp, and ACI's licensed FinOps and CPAs take on that role along with the reporting and bookkeeping around it. The firm cites a 40-year track record in this field.

Products and services

• FinOp (Series 27) services: licensed oversight of regulatory financial reporting for FINRA members.
• Regulatory reporting and bookkeeping: filings kept on time plus day-to-day books kept to GAAP.
• Receivables and payables management: vendor bill pay controls and month-end reporting.
• Customer reserve computations and internal controls: reserve calculations, subledger mapping, security counts and compliance controls.
• FINRA new member applications: capital planning, pro forma budgets and licensing for firms seeking membership.
• Audit and exam support: PCAOB audit preparation, financial statement footnotes and help with FINRA and SEC exams.

Who it works with

Independent broker-dealers, including firms that have shifted towards investment banking.

Key facts

• Track record: 40 years
• Team: licensed FinOps and CPAs
• Regulatory focus: FINRA, SEC and PCAOB requirements