SEC Compliance Consulting

Helping organizations bridge the SEC compliance knowledge gap

Risk Cognizance provides SEC cybersecurity guidance to help broker-dealers, investment advisers, investment companies, exchanges, and other market participants protect their customers from cyber threats. Organization should reassess their internal accounting controls as a result of these and other cyber-related risks, and implement risk threaten method. Companies that do not do this may risk not only losing millions of dollars as a result of fraud, but may also face liability under the securities laws for having inadequate and ineffective internal accounting controls. Companies that do not do this may risk not only losing millions of dollars as a result of fraud, but may also face liability under the securities laws for having inadequate and ineffective internal accounting controls.

The Financial Industry Regulatory Authority (FINRA) is an independent agency that delivers auditing and regulation enforcing services to the financial industry. Though they are not a government entity, they are authorized by Congress to protect American investors and work closely with the US Securities and Exchange Commission) and enforce those important regulations as well as their own. Risk Cognizance is listed in the FINRA Compliance Vendor Directory.

Risk Cognizance team has been providing expert compliance consulting services to the financial services industry. We take security seriously, we maintaining client relationships and delivering the highest levels of compliance services. Our client base includes some of the most respected names in the financial services industry and ranges from large international firms to small firms. Our satisfied clients include advisers, institutional investors, private funds, investment companies, and broker dealer.

We ensure our client can past examinations, most of our clients are regulated by the OCC, GLBA, SOC, NYDFS, NFA SEC, FTC, NFA, MSRB, and Risk Cognizance is listed in the FINRA Compliance Vendor Directory, some of our clients are regulated by multiple regulators, which adds complexity to an already challenging regulatory environment.  Our primary goals is to help  out clients manage this complexity and integrate compliance into the business. 

Benefits from partnering with Risk Cognizance  

  • Reduce or eliminate the number and severity of deficiencies and violations found during a U.S. Securities and Exchange Commission (SEC) examination/audit.

  • Decrease firm reputation risk and gain peace of mind that your compliance program, ensure data protection and compliance.

  • We will develop a road map that ensure your organization can withstand audit from OCC, GLBA, SOC, NYDFS, NFA SEC, FTC, NFA, MSRB and/or state securities regulatory bodies

Providing guidance followed includes, but is not limited to:

  • GDPR: The General Data Protection Regulation, or GDPR, aims to protect citizens in the European Union (EU) from data breaches. The GDPR applies to all companies processing personal data for people residing in the EU, even if that company is not physically located or based in the EU.

  • HIPAA: An acronym for the Health Insurance Portability and Accountability Act, this bill puts in place several regulations about healthcare patients’ data security. Any companies that handle healthcare data, from hospitals and clinics to insurance companies, are required to comply with HIPAA regulations when handling this data.

  • Sarbanes-Oxley Act (SOX): Complying with the Sarbanes-Oxley Act involves maintaining financial records for seven years and is required for U.S. company boards, management personnel and accounting firms. The point of the regulation was to prevent another incident like the Enron scandal, which hinged on fraudulent bookkeeping.

  • FISMA: The Federal Information Security Management Act of 2002 treats information security as a matter of national security for federal agencies. As part of the bill, all federal agencies are required to develop data protection methods.

  • PCI-DSS: The Payment Card Industry Data Security Standard is a set of regulations meant to help reduce fraud, primarily through protecting customer credit card information. PCI-DSS security and compliance is required for all companies handling credit card information.

  • GPG13: Alternatively known as Good Practice Guide 13, GPG13 is a U.K. general data protection regulation for business processes. This system is implemented by many organizations, but is compulsory for those managing high-impact data.

  • ISO 27001: ISO/IEC 27001 formally specifies an Information Security Management System (ISMS), a suite of activities concerning the management of information risks.

  • FFIEC, NCUA Reg 748, FDIC, OCC, SEC and other agency guidance

  • HIPAA Security Rule 45 CFR Parts 160 & 164, HITECH Act, OCR

  • NIST SP 800-30, 800-53, 800-53(A), 800-66

  • NIST Cybersecurity Framework

  • FFIEC Cybersecurity Assessment

  • CIS Critical Security Controls, OWASP

Risk Cognizance offers several services to help keep businesses compliant with a number of different regulations and governing bodies. As a member of the financial industry, keeping your organization compliant can be a source of constant stress that’s always in the back of your mind. Performing self-audits and constant reviewing of records to make sure you’re meeting the standards set by your industry can be time-consuming to the point that you’re slipping behind other important work. FINRA members can view the FINRA Compliance Vendor Directory here: