Planner Securities LLC is a full-service online investment firm founded in 2008 and headquartered in New York City.
An affiliate of a well-established Brazilian investment firm, Planner Securities expanded its operations to the United States to provide various financial services, including fixed-income trading, structured investments, equity and options trading, as well as investment banking and research.
The company operates as a broker-dealer registered with the US Securities and Exchange Commission (SEC) and is a member of the Financial Industry Regulatory Authority (FINRA).
Objective
Planner Securities sought to enhance the compliance program of its US broker-dealer operation. The goal was to design and implement these enhancements and establish a stable operational structure with new leadership.
Background
Despite its established presence, Planner Securities encountered operational challenges after launching in the US. As these challenges unfolded, the firm recognized the need for a leadership transition and a comprehensive compliance overhaul.
InnReg was engaged to help address these issues, implement the necessary enhancements, and establish a stable operational structure with new leadership.
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Challenges
Planner Securities faced three significant challenges:
Enhancing Compliance Sustainable Growth:
As the firm expanded its operations in the US, it faced some compliance challenges that presented opportunities to enhance its operational practices.Leadership Transition Without Disruption:
The planned departure of both the CCO and CEO created a significant risk of instability. Transitioning the leadership while maintaining day-to-day operations was crucial.Implementing a Resilient Compliance System:
Rectifying the compliance issues provided a foundation for long-term stability. This step enabled the creation of a more scalable compliance framework, positioning the firm to support future expansion.
These challenges required a strategic approach to leadership transition, regulatory alignment, and operational restructuring.
InnReg's Solution
InnReg implemented a comprehensive strategy to help Planner Securities:
Leadership Transition Support:
InnReg guided Planner Securities through the transition of both the CCO and CEO roles. We facilitated the handover by identifying qualified candidates and helping the new leadership quickly adapt to their roles while maintaining continuity in operations.Strengthening Compliance Operations:
InnReg deployed a dedicated compliance team to address existing operational challenges. This team worked closely with Planner Securities to align its operations with US regulatory standards and implement necessary corrective measures to improve overall compliance.
Operational Reorganization:
To prevent future compliance issues, InnReg led an overhaul of the firm’s operational structure. We helped redesign workflows and processes, establishing a compliance framework that mitigates regulatory risks.
Client Results
The partnership with InnReg significantly improved Planner Securities’ compliance and operations. By addressing existing compliance issues, the firm was able to strengthen its operational framework. The transition of the CCO and CEO roles was managed to maintain operational stability while allowing new leadership to focus on driving strategic growth.
Additionally, the reorganization of the firm’s operational structure resulted in an enhanced compliance framework, reducing risks and supporting long-term sustainability.
