The Experience You Require, The Expertise You Need - Taurus Compliance Announces its Launch in South Florida

    AVENTURA, FL, April 20, 2009 /24-7PressRelease/ -- Taurus Compliance Consulting, LLC (www.tauruscompliance.com) announces the opening of their new firm, located in Aventura, Florida. The firm was created to meet and satisfy the growing demand for compliance services based upon the current regulatory environment.

Securities regulators and brokerage firms are currently at a critical juncture. The dawn of the implementation of new rules to address the financial crisis, industry wide corruption and fraud, and other malfeasance is quickly approaching. The lessons offered by these recent industry scandals must be learned in order to prevent their repetition among other financial organizations in the future. Compliance matters!

"In the current environment there exist numerous prolific enforcement actions by the SEC and FINRA that immediately call our attention to the need to address the shortfalls of the compliance cultures of many securities broker-dealers across the country," said Dan Rome, General Counsel for Taurus Compliance.

Compliance regulation must rest on a culture of fiduciary responsibility, not merely on imposed regulations or legislation. Regulators want securities firms to establish a culture of compliance within their organizations, one where the highest ethical behavior is practiced as a norm, not as the exception. One proven method for building strong ethical practices within an organization is to utilize both internal and external compliance controls. Compliance must be a firm's top priority. In the hierarchy of business needs for a securities firm, compliance adherence must be placed alongside the development of new business as a critical success factor. Securities regulators are examining firms to ensure their compliance efforts are tailored to the needs and circumstances of each individual firm.

"Once you have identified the conflicts that are systemic throughout your firm, it is often beneficial to utilize a compliance consultant to address such issues. The reputation and well being of a firm rely solely on that firm's ability to assess and address both existing and potential causes for concern. Failure to do so, can and will eventually translate into lost revenues and potential regulatory issues," says Jervis B. Hough, Founder of Taurus Compliance Consulting.

Coordinating compliance efforts is best maximized by the utilization of private consulting firms. Former compliance regulators have keen insight into the thought process and methodologies by which FINRA and the SEC operate, enabling them to understand how to best ensure compliance with all regulatory requirements.

Taurus Compliance was founded with the intent to offer securities firms of any size access to former regulators, attorneys, and consultants with real world experience.

The Taurus Compliance consulting team is comprised of exceptional professionals who possess unquestionable integrity as well as more than 100 cumulative years of experience in the financial markets that include securities industry regulation, brokerage operations, legal, management, accounting, and project management. All Taurus consultants have worked for brokerage firms before becoming consultants, providing them with a unique securities industry perspective. Whereas, regulatory experience is crucial in a consultant's success, real world brokerage experience is critical.

Taurus offers custom compliance software solutions, Firm Element and Needs Analysis, Financial and Operations (FINOP) services, mock FINRA audits and forensic accounting services, covering the full range of regulatory compliance needs and requirements for firms of every size.

For more information about the compliance consulting services offered by Taurus, visit www.tauruscompliance.com.

About Taurus Compliance Consulting, LLC

Specializing in: Mock FINRA Audits, AML Testing, Branch Reviews, Written Supervisory Procedures, and a host of other services. www.tauruscompliance.com

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