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Broker-Dealer Registration

The process of registering as a broker-dealer with FINRA can be lengthy, frustrating and ultimately more expensive if done incorrectly. The numerous documents that must accompany a registration submission present an onerous task for the uninitiated. ComplianceWorks’ staff is experienced in making sure that the registration is done efficiently and addresses all the proposed operations of the new broker-dealer. In an effort to keep costs down, ComplianceWorks will work closely with the representatives of the firm to divide up the tasks of document preparation. There are many documents that ComplianceWorks already has in our inventory of base documents needed in the registration process. In addition, ComplianceWorks staff will help with regulatory requests for more information and assist in the preparation for a management interview with FINRA should they request one.

ComplianceWorks provides the following services as needed in the registration of investment advisory firms:

  • Guidance in accumulating all required information for filing the registration and completing disclosures
  • Evaluation and organization of information in the preparation for filing registrations
  • Guidance and/or assistance in the establishment of an CRD account
  • Preparation of Form NMA
  • Guidance as to which documents need to be prepared and preparation of documents required by FINRA
  • Response to regulatory inquiries regarding the pending registrations
  • Assistance in preparation for any interviews conducted by FINRA during the registration process
  • Evaluation of which associated persons need licensing and assistance in licensing
  • Consultation on compliance requirements once firm is registered
  • Consultation on supporting documents required and if necessary referrals to professionals to assist in the creation of the documents

ComplianceWorks will help you start your broker-dealer firm the right way and help you understand and plan for what will be required of your firm by the regulatory authorities. The process of completing the process of installing and establishing a system by which the compliance program is administrated is similar to that of Broker-dealer Compliance Program Rehabilitation except for the segments that are completed as part of the registration process.