Broker/Dealer Companies | CyberGuard Compliance

Broker-Dealer Companies

Many broker/dealers perform cybersecurity and IT compliance audits. A broker/dealer’s primary business is trading securities for its own account or on behalf of its customers. Although many broker/dealers are “independent” firms solely involved in broker/dealer services, many others are business units or subsidiaries of commercial banks, investment banks, or investment companies. Implementing a robust compliance program can be used as a competitive advantage. Increasingly, broker/dealers are asked to implement and maintain a compliance program that demonstrates their commitment to a strong system of internal controls. Control frameworks (such as SOC 1, SOC 2, ISO 27001, etc.) are widely accepted and help broker/dealers differentiate themselves from their competitors by demonstrating their commitment to maintaining a strong IT compliance program.

“CyberGuard Advantage” is the brand name under which CyberGuard Advantage, LLC and CyberGuard Compliance, LLP / JPJ & Company CPAs, LLP (Collectively referred to as "CyberGuard Compliance") provide professional services. CyberGuard Advantage, LLC (“CyberGuard Advantage”) and CyberGuard Compliance provide services as an alternative practice structure in accordance with the AICPA Code of Professional Conduct and applicable law, regulations and professional standards. CyberGuard Compliance provides CPA firm attest services to its clients. CyberGuard Advantage is not a licensed CPA firm and does not provide CPA firm attest services but does provide other professional services which do not require a license as a CPA firm. CyberGuard Compliance has a contractual arrangement with CyberGuard Advantage whereby CyberGuard Advantage provides CyberGuard Compliance with professional and support personnel to perform professional services on behalf of CyberGuard Compliance.