Office Classifications and Inspections

What this video covers

• Why an OSJ is defined by supervisory activities (not customer visits), and which five enumerated activities trigger that classification
• How any branch supervising a non-branch location gets bumped to annual inspection regardless of business volume, while standard branches and non-branch locations stay on a three-year cycle
• What the Residential Supervisory Location (RSL) framework is: the 10 conditions that let a principal's private residence be treated like a non-branch inspected every three years
• The five minimum elements every inspection must cover, with special attention to validating changes of customer account information including address and investment-objective changes
• Why a thorough verbal debrief never satisfies the inspection requirement, and the three-year retention rule for written inspection reports
• The no-self-inspection rule: why an inspector cannot report to or be supervised by the person being inspected, and the narrow small-firm exception
• How the Remote Inspections Pilot Program (July 1, 2024 through June 30, 2027) works, and why red flags during a remote inspection may still trigger an in-person visit
• Why newly registered broker-dealers face financial responsibility inspection within 6 months and all other provisions within 12 months, with the clock starting at registration not first trade