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Introduction

For much of the twentieth and twenty-first centuries, American securities regulation has developed through conflict, compromise, and historical accident. Long before Congress enacted the federal securities laws of the New Deal era, states had already ventured into the field of securities regulation by adopting “blue sky” statutes intended to protect residents from fraudulent securities schemes. With the introduction of federal regulation in the 1930s, this dual system became entrenched, producing an interlocking but often discordant web of oversight.

While federal authority expanded over time—particularly through the adoption of, and ame...

By David Proskin, Managing Director, Integrated Solutions

So, you’ve made the decision to embark on one of the most exciting, challenging and fear-inducing adventures of your career, launching a fund. Whether you are a seasoned veteran or a newly minted CFA with an “edge”, this is not a decision to be made without careful consideration. It is critical that before putting pencil to paper you understand what your motivations are for spinning out of the mothership. Is it the desire for autonomy? A spark of entrepreneurial spirit? ego? A drive to build a lasting legacy? Or perhaps a noble objective to make the world a better place (unlikely as it may sound)? The answer to those ...

Authored by: David Proskin, Managing Director, Integrated Solutions

Contributions by: Rafael Beck, Senior Managing Director, Integrated Solutions

In the world of asset management, particularly within hedge funds and private equity—shadow accounting has evolved from a discretionary practice to a critical control mechanism. This article defines what shadow accounting is, why it matters, and who relies on it most.

To understand its growing importance, we must look at the evolution of fund structures, investor expectations, and regulatory scrutiny. As institutional investors demand greater transparency and operational due diligence becomes more rigorous, maintaining internal books and records...

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Comment regarding “Supporting Modern Member Workplaces” as discussed in Regulatory Notice 25-07

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Comment Letter on FINRA’s Rule Modernization Initiative (Regulatory Notice 25-04)

On May 20, 2025, Rafael Beck, Senior Managing Director at Integrated Solutions, joined the FinOps and Auditors panel at the NYSSCPA Stock Brokerage Conference in New York. Drawing on his deep experience as a FINOP, Beck shared practical insights into today’s most pressing challenges in financial operations and compliance.

Key topics included:

• Staffing Struggles: Difficulty attracting and retaining talent, and the need for better training and mentorship.


• Startup Hurdles: Navigating early-stage compliance and infrastructure.


• Industry Shifts: Consolidation trends and the potential integration of PCAOB into the SEC.


• New Requirements: Fingerprinting for broker-dealer accounting staff and evolvin...

On April 24, 2025, finance professionals from across South Florida gathered at American Social in Boca Raton for the highly anticipated Wall Street South networking event. Sponsored by Integrated Solutions, this event provided a vibrant platform for industry experts to connect, share insights, and explore new business opportunities.

The evening kicked off with a warm welcome from the hosts, AGP Prime and Integrated Solutions. Attendees enjoyed a relaxed atmosphere, perfect for forging new connections and reacquainting with old colleagues. The venue buzzed with conversations about market trends, investment strategies, and the future of finance in South Florida.

Integrated Solutions, known for t...

Integrated Investment Solutions is proud to announce the successful completion of its 2024 Annual System and Organization Controls (SOC) 1 Type 2 examination. This achievement underscores our unwavering commitment to maintaining the highest standards of security, availability, and confidentiality for our clients.

The SOC 1 Type 2 report, conducted by an independent third-party auditor, evaluates the effectiveness of our internal controls over financial reporting. This rigorous assessment ensures that our processes and systems meet the stringent requirements set forth by the American Institute of Certified Public Accountants (AICPA).

"We are thrilled to receive our SOC 1 Type 2 report for the s...

On November 12, 2024, Joe Puglisi, Managing Director at Integrated Solutions, participated in the NYSSCPA (New York State Society of CPAs) Broker Dealer Technical Session as part of a distinguished panel of industry experts. The session, which focused on the latest challenges and developments in the brokerage sector, brought together auditors, Financial Operations Principals (FINOPS), and other professionals to discuss key issues facing broker dealers today.

Key Topics Discussed:

• Accounting and Auditing Matters for Broker Dealers: The panel covered important updates on accounting and auditing issues affecting broker dealers, including the challenges firms are encountering in meeting the evolvi...