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New York Broker-Dealer Compliance
New York is the financial capital with the strictest cybersecurity rules (23 NYCRR 500). FIN Group provides fractional CCO services, Form BD filings, annual reviews, and exam support for Broker-Dealers operating here.
Who needs to register in New York
Any Broker-Dealer with a principal place of business in New York, or with clients located in New York above the de minimis threshold, must register with the New York State Department of Financial Services (NYDFS) or — if eligible — with the SEC.
New York-specific nuance
New York layers 23 NYCRR Part 500 cybersecurity obligations on top of SEC and state filings — annual certifications and CISO designation are non-negotiable.
Regulator: New York State Department of Financial Services (NYDFS)
Annual obligations for Broker-Dealers
The core federal calendar that applies on top of New York's requirements:
- Maintain FINRA membership and Form BD currency
- File quarterly FOCUS reports (Form X-17A-5)
- Maintain Written Supervisory Procedures (WSPs) covering all business lines
- Conduct annual Rule 3120 compliance testing and Rule 3130 CEO certification
- Comply with Reg BI for all retail recommendations (Form CRS required)
- Run AML program under FinCEN with annual independent testing
How FIN Group helps New York Broker-Dealers
Fractional CCO
A named, senior CCO who owns your Form BD filings, annual review, and exam response.
Explore Fractional CCOCompliance Calendar Software
RegReview tracks every state, federal, and firm-level deadline with automatic reminders.
Explore Compliance Calendar SoftwareMarketing Compliance Review
ADScanner reviews every piece of marketing for Rule 206(4)-1 / FINRA 2210 issues in seconds.
Explore Marketing Compliance ReviewInvestor Onboarding
InvestPrep handles KYC, AML, and subscription documents end-to-end.
Explore Investor OnboardingBroker-Dealer compliance in other states
Also exploring a different registration type? New York RIA · New York Private Fund
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