Written Supervisory Procedures

WRITTEN SUPERVISORY PROCEDURES (“WSPs”)written supervisory procedures wsp control

Bigger procedures are not better procedures.  Our approach is different – we believe in developing procedures which are comprehensive, yet well-organized and easy to follow.   Procedures containing nonessential detail often cause problems rather than prevent them.   FINRA will hold your firm to its current set of written rules, regardless of how insignificant a deviation may exist.  We will help you develop procedures that will ensure full compliance and satisfactory supervision, yet allow your firm the flexibility necessary to meet the realistic demands of business.

We offer a solution for every need. We can:

  • Create a new set of procedures from start to finish.   Our comprehensive procedures detail the who, what, how, when and where of supervising activities. We cover the entire range of supervision, from designation of responsibilities to supervision of customer accounts.
  • Review and update your current procedures.   Our professionals will make sure that your procedures fulfill FINRA’s requirement of establishing and maintaining a system to supervise the activities of registered representatives and associated persons. We will review your firm’s existing set of procedures and suggest updates and enhancements that will bring it into compliance.
  • Monitor and maintain your firm’s procedures.  Clients enrolled in our Written Supervisory Procedures Maintenance Plan receive routine evaluations of manuals, with up-to-the-minute procedures added as FINRA and the SEC establish new rules and regulations.

Let us review, monitor and maintain your Written Supervisory Procedures – so you can focus on growing your business.