What is a financial operations principal?

Financial Operations Principals, often referred to as FinOps Principals, are professionals responsible for overseeing the financial and operational compliance of broker-dealers and financial firms. They ensure that firms adhere to industry regulations, such as those set by FINRA and the SEC, and manage the accuracy of financial reporting, capital requirements, and internal controls. Typically, they hold the FINRA Series 27 or Series 28 license, enabling them to perform key financial oversight functions. Their role is crucial in maintaining the integrity and financial stability of the organizations they serve.