Post by cxgllc on Oct 9, 2018 5:51:24 GMT -5
What is a Financial & Operations Principal (FinOp)? Rule 1022 requires every FINRA member firm to designate one individual to serve as a Financial and Operational Principal (FinOp). The FinOp obtains qualification by passing the Series 27 or Series 28 examination.
The cost of hiring a qualified salaried FinOp is growing at a fast pace as firms compete for a limited number of suitable candidates with the necessary knowledge and expertise. Small and mid-sized firms bear the greatest burden because they cannot afford salaries and opportunities offered by larger organisations. However, while the salaries of FinOps are increasing, the work involved in handling FinOp responsibilities is often still part-time for most small to mid-sized firms.
Outsourced FINOP | Broker Dealer Registration Services
The cost of hiring a qualified salaried FinOp is growing at a fast pace as firms compete for a limited number of suitable candidates with the necessary knowledge and expertise. Small and mid-sized firms bear the greatest burden because they cannot afford salaries and opportunities offered by larger organisations. However, while the salaries of FinOps are increasing, the work involved in handling FinOp responsibilities is often still part-time for most small to mid-sized firms.
Outsourced FINOP | Broker Dealer Registration Services