Broker-Dealers: Forms and Fees

  1. FINRA Member Broker-Dealers. In order to apply for registration, FINRA-member broker-dealers shall submit the following information via FINRA’s Central Registration Depository (CRD):

    • ​Form BD, or a successor form.
    • ​A Statement of Net Capital or such financial statements as required by FINRA or SEC which indicate net capital.
    • ​A balance sheet prepared in accordance with generally accepted accounting principles. Attached to every balance sheet shall be an oath or affirmation that such statement is true and correct to the best knowledge, information, and belief after a diligent inquiry by the person making such oath or affirmation. If the broker-dealer is a sole proprietorship, the oath or affirmation shall be made by the proprietor; if a partnership, by a general partner; if a corporation, by a duly authorized officer; and if a trust, by a trustee. In lieu of the above, the most recent financial statements as required by FINRA or SEC may be filed. In either case, the financial information must be dated not more than ninety (90) days prior to the date of filing.
    • Registration Fees (submitted through CRD):

​            a.  $​​​200 for broker-deale​r firm registration

            b.  $50 for each broker-dealer agent registration

  1. N​on-FINRA Member Broker-Dealers. In order to apply for registration, non-FINRA member broker-dealers shall submit the following information and applicable registration fees to the Secretary of State at:

                             125 S. Congress Street
                             Jackson, MS 39201

                             PO Box 136
                             Jackson, MS 39205

    • ​Form BD, or a successor form.
    • ​Surety bond as provided in Rule 505.
    • ​Statement of Net Capital.
    • ​A balance sheet prepared in accordance with generally accepted accounting principles. The balance sheet must be dated not more than ninety (90) days prior to the date of filing. Attached to every balance sheet or financial statement which is required shall be an oath or affirmation that such statement is true and correct to the best knowledge, information, and belief after a diligent inquiry has been made by the person making such oath or affirmation. If the broker-dealer is a sole proprietorship, the oath or affirmation shall be made by the proprietor; if a partnership, by a general partner; if a corporation, by a duly authorized officer; and if a trust, by a trustee.
    • ​​Registration fees of $200 for the broker-dealer firm and $50 for each broker-dealer agent registration.​

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