Compliance Audits

Registered representatives’ outside business activities can be a major liability for a member firm. Industry regulators closely monitor member firms’ compliance programs related to such activity.

SRP conducts annual IRIA audits, which examine for compliance with the terms of the agreement between the employing member firms’ and the IRIAs, as well as, compliance with the SEC or state(s) requirements.

A confidential report is prepared for management detailing the audit findings and recommendations for corrective action.