REMINDERS

Annual Audit 

If your firm’s fiscal year–end is December 31st your annual audit is quickly approaching.  It is not too early to contact your auditor to schedule his/her visit and have your engagement letter for 2006.   Your audit report must be received by the NASD and SEC on or before 3/1/07.  (Note –A copy of your audited financials needs to be sent to any states in which you are registered that require filing of your audited financials, before the 3/1/07 due date.)  Contact Regulatory Compliance with any questions.

Annual Renewals

The preliminary statements for annual renewals have been sent and the NASD must receive payment into your renewal account before December 8.  If payment is posted after that date, your firm will be subject to late filing penalties.  

CRD/IARD

The CRD system will be unavailable beginning December 20th through January 1st.  Your firm can begin filing post-dated U5s now to ensure they are processed as of December 31st and are reflected on your final renewal statements which will be issued the first week of January.  Contact Regulatory Compliance for assistance with these filings

Focus Filings – Focus filing dates for the next three months are as follows:

If you file:                                     Period                               Due Date

Monthly                                        November                           December 26, 2006

Monthly or Quarterly                      December                           January 25, 2007

Year End Schedule I                                                                 January 25, 2007

3070 Filing Deadline – 3070 filings for the fourth quarter of 2006 are due on or before January 16, 2007.

Contact Review and Update -  You are required to review, update (if applicable) and certify your contact information on the NASD’s Contact System quarterly. The due date for this review for the fourth quarter 2007 is January 25, 2007.

MSRB G37/G38 Filings - If you are a member of the MSRB and are required to file a G37 or G38 to report Political Contributions, the filing due date is January 31 for the quarter ending December 31, 2006. Log onto www.msrb.org for more information.

MSRB Contacts – If you are member of the MSRB you are required to review your G-40 contact information quarterly. This review is done electronically through www.msrb.org and you must either update information or indicate no update is needed on or before January 25, 2007 for the 4th quarter of 2006.

Registered Investment Advisors

If your fiscal year ends December, 31st, you must file your Annual Updating Amendment by March 31st.  If you are a state-registered firm and your firm’s assets under management have crossed $30 million, you will need to transition to SEC within 90 days of your annual amendment filing.  (If you are currently an SEC registered advisory firm, and your assets have fallen below $25 million, you will need to register at the state level and withdraw from the SEC.  Contact Regulatory Compliance for assistance.

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