Q: What are the Expert Witness services provided by B/D Solutions?
A: BDS provides subject matter experts for arbitrations and litigations with issues involving compliance with securities regulations.
Q: What are the Litigation Support services provided by B/D Solutions?
A: The consulting staff of B/D Solutions can assist counsel in understanding the requirement imposed on various parties by the NASD and SEC Rules and Regulations. In addition, BDS can provide detailed information regarding the standard business practices the industry has employed to comply with those requirements.
Q: How can B/D Solutions assist in "Failure to Supervise" cases?
A: B/D Solutions can review a broker/dealer's "Written Supervisory Procedures" (WSPs) and provide an expert opinion whether (a) the firm had published procedures covering the issues of the complaint, (b) if those procedures were adequate for the business being conducted and, (c) if those procedures were executed as written by the associated personnel of the broker/dealer.
Q: How can B/D Solutions assist with the discovery process?
A: B/D Solutions can review a summary of the case and provide counsel with a description of the specific books and records a broker/dealer is require to establish and maintain under SEC and NASD Rules. The goal is to obtain the necessary documents and reduce opposing counsel's ability to claim the discovery request is "broad and over-reaching" or that the documents requested contain "trade secrets".
Q: Does B/D Solutions provide expert services for retail investors?
A: Yes. Although it is important to understand that the primary business of B/D Solutions is to provide business consulting services to brokerage firms, the Staff of B/D Solutions will accept enagements opposing brokerage firms - if no conflicts are found. B/D Solutions recognises the importance of the securities industry's requirement to "observe high standards of commercial honor and just and equitable principals of trade". (NASD Rule 2110) As such, B/D Solutions will work on cases in which it beleives these standards clearly have not been upheld.
Q: What are the specific areas of expertise maintained by B/D Solutions?
A: The Staff of B/D Solutions have expertise in the following areas: the adequacy of a brokerage firm's "System of Supervision" required by NASD Rule 3010, industry standards and practices regarding the work flow and operations of a limited purpose or fully disclosed broker/dealer, the Net Capital requirements of SEC Rule 15c3-1, and the adequacy and effectiveness of technology deployed to meet the supervision and compliance requirements of the NASD and SEC Rules.
For further information call us today at 1-877-423-4636.
