General Assessment Reconciliation Form filed annually by members of the Securities Investor Protection Corporation (SIPC).
Syndicate Legal Advisory Services provides nationwide legal document preparation services for broker-dealer firms that are members of the Securities Investor Protection Corporation (SIPC) seeking to prepare Form SIPC-7 (Annual General Assessment Reconciliation Form) and related supporting documents. We prepare and complete Form SIPC-7 and related materials, based on the revenue figures, assessment calculations, payment information, and specific instructions you provide.
Documents Commonly Prepared
We prepare a full range of documents associated with the Form SIPC-7 and related SIPC filings, including but not limited to:
- Form SIPC-7: Completion of the Annual General Assessment Reconciliation Form, including total revenue, deductions, assessment calculations, payments applied, and related sections, based on the financial data and information you supply.
- Supporting Schedules: Formatting of assessment payment schedules, overpayment/carryforward details, or reconciliation schedules from the figures and details you provide.
- Related Forms: Assistance with related forms such as Form SIPC-6 (General Assessment Payment Form) or Form SIPC-3 (Certification of Exclusion From Membership), completed from client-supplied information as directed.
- Supporting Documentation Organization: Organization of exhibits or attachments incorporating client-supplied supporting documents (such as for large deductions) referenced in the filing.
- Supplemental Report Materials: Formatting or organization of materials related to the supplemental report on SIPC membership (including references to Form SIPC-7 for the independent accountant’s agreed-upon procedures report), based on information you provide (note: the independent accountant’s report itself is outside the scope of this service).
Documents are prepared for use in connection with electronic filings through the SIPC Broker-Dealer Portal (subject to the information you provide). Form SIPC-7 is generally due within 60 calendar days after the end of the firm’s fiscal year (or upon membership termination); certain firms must also file a supplemental report including an independent public accountant’s agreed-upon procedures report under SIPC Rule 600; clients remain fully responsible for accurate financial data, electronic filing via the SIPC portal, payment of any assessment due, meeting all deadlines, and compliance with all SIPC, SEC, and related requirements.
