Accounting Firm Uses Specialized Licensure to Assist Broker Dealers

June 10, 2015 (PRLEAP.COM) Business News
June 10, 2015 0 Woodbury, NY Ives, Sultan, & Nixon is a local accounting firm where managing partner Jon Nixon holds series 27 licensure. With this certification, Jon can act as a Financial and Operations Principal for broker dealers.

Broker dealers are required, by regulatory entities, to adhere to certain standards and practices. Among these requirements is the hiring of a Financial and Operations Principal, maintaining standards for net capital, and having an outside accounting agency audit their tax information.

Jon Nixon, managing partner of Ives, Sultan, & Nixon, holds a series 27 license and 30 years in the accounting industry, which allows him to provide all necessary services for broker dealers in his community.

Jon explains, "Often, broker dealers have to hire a Financial and Operations Principal and then go seek an outside accounting agency to audit their taxes. I'm in a unique position to help our broker dealers get the services they need without looking high and low. As an accountant with a series 27 license, I can help them stay compliant with net capital and be the third party that looks over their tax information, as required."

As a series 27 FinOp (Financial and Operations Principal), Jon has comprehensive knowledge of financial law and reporting and can assist both carrying and non-carrying broker dealers in Woodbury. He adds, "We're excited to be able to give clients the level of service they need to be compliant and avoid penalties for doing things the wrong way."

In addition to FinOP services, Ives, Sultan, & Nixon provides back-office support that includes bookkeeping, payroll reporting, corporate income tax reporting, and pre-paid expense scheduling.

To learn more about broker dealer accounting and the additional services that Ives, Sultan, & Nixon offers for businesses and individuals, visit their website at

About Jon A. Nixon, CPA
Jon Nixon is a partner in charge of Ives, Sultan, & Nixon's Financial Services group. His experiences as a certified public accountant are being focused in servicing broker dealers as an outsourced FinOp utilizing his Series 27 license. His specialties also include the fields of construction, real estate, sales and service organizations, and retail businesses.

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