Overview

The Document Review skill classifies financial documents, maps them to applicable rules, and verifies disclosures, disclaimers, and balance. It helps ensure accuracy and regulatory alignment before publication. This matters to reduce risk and improve stakeholder trust.

How This Skill Works

Reviewers classify the document type (prospectus, ADV, customer agreement, marketing material, etc.), map it to FINRA 2210 and SEC disclosure requirements, and check for required disclosures, disclaimers, and content. The process also assesses accuracy, balance, and formatting, flagging issues for a generated compliance report.

When to Use It

• Before publishing a marketing communication to ensure regulatory balance and disclosures
• When reviewing a customer agreement for required disclosures and accuracy
• During ADV or prospectus preparation to verify compliance with disclosures
• When auditing correspondence (retail/institutional) for proper classification and pre-approval
• During ongoing regulatory audits to confirm complete and correct disclosures

Quick Start

1. Step 1: Classify the document type and map to FINRA 2210, SEC disclosure requirements, and other relevant standards
2. Step 2: Check for all required disclosures, disclaimers, and content; ensure accuracy and balance
3. Step 3: Flag issues, verify pre-approval status if retail, and generate a compliance report

Best Practices

• Start with clear document type classification and map to relevant rules (FINRA 2210, SEC disclosure requirements)
• Extract and verify all required disclosures, disclaimers, and regulatory content
• Assess accuracy by flagging misleading, exaggerated, or promissory statements
• Ensure balance by presenting risks and benefits per regulatory guidance
• Confirm formatting and prominence requirements, including pre-approval status for retail communications

Example Use Cases

• Reviewing a prospectus to ensure all mandatory disclosures are present and properly highlighted
• Auditing a retail marketing brochure for balanced risk/benefit presentation
• Verifying a customer agreement for required disclosures and disclaimers
• Mapping an ADV filing to applicable disclosure requirements
• Checking correspondence for proper classification (retail vs institutional) and pre-approval status

Frequently Asked Questions