FINRA & SEC AUDIT TRAIL CONSULTANCY

Consolidated audit trail, built for how regulators actually read it.

We help broker-dealers stay audit-ready, every day.

Eqyance is a team of compliance professionals delivering audit trail consultancy and system design for broker-dealers — whether you run an in-house build or a third-party vendor setup.

COMPLIANCE MONITOR
Reporting Health Score
LIVE
CAT RECORDS
99.97%
OPEN INQUIRIES
0
NEXT FILING
4d
CAT reporting reconciled
Rule 605/606 disclosures filed
Trade surveillance review pending
CAIS STATUS
Reconciled
AUDIT COVERAGE
4 / 4 divisions
CAT · CAIS · RULE 605/606 · TRADE SURVEILLANCE · FINRA 4511 · FINRA 4370 · SEC RULE SCI · SERIES 99 ·  CAT · CAIS · RULE 605/606 · TRADE SURVEILLANCE · FINRA 4511 · FINRA 4370 · SEC RULE SCI · SERIES 99 · 
What We Do

A consolidated audit team, embedded in your compliance stack.

Eqyance handles the full system design — whether you have an in-house build or a 3rd-party vendor setup. Every service below maps back to keeping you defensible under exam.

01
Compliance Monitoring
Daily, weekly, and monthly compliance reporting across every reporting obligation.
→ Know your status before regulators ask.
02
Risk Control Management
Ongoing risk control assessment built into your day-to-day operations.
→ Catch issues before they become violations.
03
Data Analysis Infrastructure
Macros, pivot tables, and database queries built for fast, auditable analysis.
→ Your data, organized the way examiners expect.
04
WSP & SOP Authorship
Written Supervisory Procedures and Standard Operating Procedures, written and maintained.
→ Documentation that holds up under scrutiny.
05
FIX Message Decoding
Translating Financial Information Exchange (FIX) data for accurate reporting.
→ So your trades are reported correctly the first time.
06
Business Continuity Planning
BCP design and coverage support for system outages, under FINRA Rule 4370.
→ Stay operational and compliant when systems go down.
07
Database Reconstruction
Rebuilding corrupt data sets — including up to 500K+ records at a time.
→ No record left behind, no gap in your audit trail.
08
FINRA Inquiry Response
Investigating and resolving FINRA inquiries end to end.
→ We handle the response so your team can keep running.
Rules We Support

Regulatory coverage that speaks the examiner's language.

From order-level reporting to execution quality disclosures, we build and maintain the systems that keep you defensible under exam.

CAT

Consolidated Audit Trail

Order lifecycle reporting across all four divisions — compliance, stakeholders, developers, and traders.

CAIS

Customer Account Information System

Customer and account record reporting, reconciliation, and remediation.

605/606

Execution Quality Disclosures

Monthly and quarterly reporting on order routing and execution quality under SEC Rules 605 and 606.

SURVEILLANCE

Trade Surveillance

Monitoring trading activity for potential violations of market manipulation rules and best execution standards.

Capabilities

Every capability, mapped to one audit trail.

Compliance Books & Records (Rule 4511)
Trading Data Integrity
Database Reconstruction
FINRA Inquiry Response
System Outage Support
Business Continuity Planning (Rule 4370)
FIX Message Decoding
Cross-Team Collaboration
Eqyance
Compliance Books
& Records (Rule 4511)
Trading Data
Integrity
Database
Reconstruction
FINRA Inquiry
Response
System Outage
Support
Business Continuity
Planning (Rule 4370)
FIX Message
Decoding
Cross-Team
Collaboration

Every capability maps back to the same audit trail — so nothing gets reported twice, and nothing falls through the cracks.

  • Full-lifecycle coverage. From order capture through CAT submission, every capability touches the same underlying record.
  • Built for exam readiness. Documentation, WSPs, and reconciliation reports are structured the way examiners expect to see them.
  • Series 99 licensed. An in-depth, tested understanding of FINRA rules and bylaws informs every engagement.
C
S
D
T

Experience covering and communicating across all four divisions of firm operations — Compliance, Stakeholders, Developers, and Traders — to understand CAT reporting end to end.

99
SERIES LICENSE
Track Record

Proven at scale, across the full system lifecycle.

40+
Broker-Dealers Served

Designed, authored, and managed compliance policies and operational procedures for the NYSE system at the start of OATS-NMS (2011–2021).

Full
SDLC Coverage

Managed and tracked system releases and upgrades through development, QA, and production — aligned to SEC Rule SCI.

First
Time Reporters Welcome

Designed Order Management System (OMS) integration and complete system builds for firms reporting for the first time.

Meet The Team

The people behind every engagement.

Our team brings decades of front-line regulatory experience — built inside NASD, FINRA, and the firms we now serve.

RJ
Raymond James
Founder & Principal
Series 99 10+ Years Experience A.A.S. Montgomery College

Raymond brings 10+ years of regulatory experience with NASD/FINRA, learning the industry from the ground up — providing guidance with U4, U5, and BD filings. This foundation led to his becoming a Subject Matter Expert for Customer Complaints (Rule 3070/4530), guiding firms through financial documents including F.O.C.U.S. Reports, Annual Audits, and Regulation T filings, as well as preparing STARR reports for exam preparations.

From the beginning of his career with NASD/FINRA, Raymond covered OATS — drafting test requirements, investigating potential violations, analyzing exception statistics, and developing system processes that improved efficiency. He was responsible for OATS Phase III registration and was a recipient of The President's Team Award.

He currently holds an A.A.S. degree from Montgomery College and a Series 99 (Operations Professional) license. He enjoys family time with his wife and children.

CH
Cecille Hunter
Compliance Examiner
6 Years NASD/FINRA Mathematical Science B.S. Old Dominion University

Cecille brings six years of regulatory experience with NASD/FINRA. Her career began at the OATS help desk during the onset of Phase III testing. She then pursued a role in the Market Regulation department as a Compliance Examiner in Trading & Market Making Surveillance (TMMS).

As a TMMS Examiner, she conducted cycle examinations of market activity — ensuring that proprietary firm data was correctly documented, coded, and submitted in compliance with securities laws. Those laws include SEC Regulation NMS, SEC Regulation SHO, Books and Records requirements, Order Protection rules, Trade Reporting rules, OATS reporting rules, Best Execution requirements, and Supervision rules.

She holds a degree in Mathematical Science with a minor in Business Administration from Old Dominion University. She enjoys spending time with her husband and children.

ME
Michael Engel
Compliance & Risk Professional
Series 7, 24, 63, 9 & 10 14 Years Experience M.S. Finance, Loyola

Mike is a compliance, operations, and risk professional with 14 years of experience surveilling for regulatory violations, assessing risk, and managing supervisory systems and controls across the brokerage, wealth management, and asset management spaces.

Beginning at FINRA as a Market Analyst and Sales Practice Examiner and growing into a cost-conscious compliance officer, Mike has both led sales practice examinations and has written and built supervisory procedures, systems, and controls for both buy-side and sell-side teams.

From filing 13F and Form BD, to conducting marketing review for new products, to procurement and vendor onboarding, Mike has touched every area of supervision — from small RIAs to wirehouses. He holds a Master's Degree in Finance from Loyola College and series 63, 7, 9, 10, and 24 licenses.

Ready to close the gaps in your audit trail? Let's map it out together.

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Book a Consultation

Tell us where your reporting stands today — we'll map out exactly where Eqyance fits in.

We typically respond within one business day.