FAQS
Answers To Your Most Frequently Asked Regulatory and Compliance Consulting Questions
Frequently Asked Questions
Everything You Need To Know About Working With M Right Consulting
What types of firms do you work with?
M Right Consulting can advise a broad range of financial services firms, including broker-dealers, registered investment advisers, and fintech companies. Our clients can range from newly formed firms to established organizations, all that have to navigate complex regulatory changes.
What consulting services do you provide?
Our services include regulatory compliance program development, compliance risk assessments, mock regulatory examinations, policy and procedure drafting, regulatory filings and registrations, ongoing compliance support, and regulatory remediation following examinations or enforcement actions, among others. You can refer to the “Services” tab for a list of services we can provide to our clients.
Do you help firms register with regulators?
Yes. M Right Consulting can assist firms with initial and ongoing registrations with FINRA, the SEC, state regulators, and other self-regulatory organizations, including Membership Changes, Form ADV, Form CRS, and related filings. We can also advise on regulatory status, exemptions, and jurisdictional considerations from a local and national perspective.
Can you support firms during regulatory examinations?
Yes. We are uniquely tailored to provide exceptional end-to-end examination support, including proactive consultations, exam readiness assessments, document preparation, regulator correspondence, interview preparation, and post-exam remediation, if any. Our goal is to help firms manage examinations efficiently, reduce the duration of exams, and with minimal disruption to daily business operations.
Do you offer ongoing compliance support?
Yes. M Right Consulting offers ongoing regulatory and compliance advisory services tailored to each client’s business model and risk profile. This may include periodic testing, regulatory updates, compliance calendar management, and on-demand advisory support. Our firm utilizes a proactive-compliance mindset to the advice and recommendations made to reduce any concerns with ongoing or future inquiries from any regulatory agency.
How do you tailor compliance programs to a firm’s business?
We design first-class regulatory and compliance programs based on the firm’s specific size, structure, products, clients, and related regulatory obligations. Our approach emphasizes practical, scalable solutions that align with regulatory expectations while supporting growth-oriented business operations. M Right’s advice is aimed at helping a firm remain in compliance without adding any unnecessary burdens to existing or expanding business goals.
Can you help after a regulatory deficiency letter and/or enforcement inquiries?
Yes. We assist firms in responding to regulatory deficiency letters, implementing corrective actions, and strengthening controls following examinations or inquiries. We also support firms in addressing compliance gaps identified internally or by some other means.
How do you stay current on regulatory developments?
M Right Consulting actively monitors regulatory guidance, rulemaking, enforcement trends, and industry best practices, including annual priority letters issued by many sources. Our advice reflects current regulatory expectations and emerging risks affecting financial services firms.
What makes M Right Consulting different from other consulting firms?
M Right’s founder leverages his 26+ years of direct experience working for a regulatory agency that allowed him to gain exposure to many different types of firms, numerous financial products, and many of the typical business lines utilized in today’s marketplace. Scott’s hands-on experience, along with his expanding leadership responsibilities while at the agency, allows him to provide more meaningful and logical advice, as opposed to a professional that may not have actual working knowledge of how regulatory agencies think and examine or approach compliance issues.
Simply put, getting the perspective from someone that had a strategic view ‘from the inside’ for so long is unmatched when a firm wants or needs meaningful regulatory advice.
Do you provide training for staff and management?
Yes. We can offer customized compliance training for executives, compliance personnel, and business teams, covering regulatory obligations, firm policies, and emerging risk areas.
How are your services priced?
Our pricing is flexible and may be structured as fixed-fee projects, ongoing retainers, or hourly engagements, depending on the scope and nature of the services that need to be provided to a client. We emphasize transparency and alignment with client needs.
How do we get started?
You can contact M Right Consulting or Scott via any of the contact methods listed on the “Contact Us” tab to schedule an initial consultation. During that discussion, we will talk about the nature of your firm, assess your regulatory needs, discuss potential solutions, and outline a clear and practical engagement approach.
We provide strategic financial consulting and advisory services to help businesses strengthen performance, manage risk, and achieve sustainable success.