This form, along with any documents establishing proof thereof, should be maintained as part of your books and records. An application for a broker-dealer certificate is not considered filed until the Commissioner receives the required fee and all required submissions. You should not consider the application approved until approved by the Commissioner and the approval has been received through CRD.
If you are registered pursuant to Section 15 of the Securities Exchange Act of , you may file a copy of your most recent annual report of financial condition and your most recent quarterly financial report required under 17 CFR You will need to take this three-part form to a live scan location and have your fingerprints taken by the operator. You will be required to pay the fees charged by the DOJ for processing the fingerprints directly to the live scan operator.
Boker-dealers are in the business of buying and selling financial securities for their own accounts as well as for customers. Before being able to transact in any financial aspect, broker-dealers must register with the appropriate authorities and file the correct paperwork.
SEC Form BD the "Uniform Application for Broker-Dealer Registration" requires that the applying company disclose background information, including management policies that direct the firm, the names of executives and general partners, successor information, and any current legal proceedings or previous securities violations.
The provisions that require all securities brokers to be registered with the SEC are covered under Section 15 of the Securities Exchange Act of In addition, some jurisdictions may require a separate paper filing of Form BD.
The applicant should contact the appropriate jurisdiction s for specific filing requirements. The other Uniform Registration Forms are as follows:. Web CRD is the central licensing and registration system used by the U. The CRD contains the registration records of broker-dealer firms and their associated individuals including their qualifications, employment, and disclosure histories.
It also facilitates the processing of form filings, fingerprint submissions, qualification exams, and continuing education sessions. Whenever a broker-dealer has any information on a previously filed form that changes, then they have to file a new Form BD indicating these changes. Information that needs to be answered in the form includes the type of organization filing corporation, partnership, limited liability company LLC , etc. The applying entity must also check off all of the types of business it intends to do and the types of financial securities it plans on doing business in.
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