Broker-Dealer and
Agent Registration Requirements
Louisiana Domiciled Broker/Dealer
►$250 registration fee, payable through the Central Registration Depository (CRD)
►Form BD filed through CRD
►Hard copies of the following documents must be submitted to this office:
●Current Audited Financial Statements
●Focus Report
►Firm must be FINRA approved
►Audited financial statements are due in this office annually, within 60 days of the broker-dealer's fiscal year-end
Out-of-State Broker/Dealer
►$250 registration fee, payable through CRD
►Form BD filed through CRD
►Audited financial statements and Focus Report filed with the NASD (annual financial statements are also filed with the NASD)
►Firm must be FINRA approved
Agent
►Form U-4 filed through CRD
►$60 filing fee, payable through CRD
Notes:
● Dual registration is not permitted, unless the firms are affiliated. Agent must be cancelled by current Broker-Dealer before new registration can be approved.
● All Broker-Dealer and agent registrations expire on December 31st of each year, if not renewed. Renewals are through CRD.
● Annual firm renewal fee is $250, plus $60 per agent.
● The commissioner may require such additional information as he may deem necessary to establish whether the applicant should be registered.
Last updated June 24, 2011