Forming a New Broker-Dealer

The application process for FINRA membership is detailed and complex. For those clients who wish to become a broker-dealer, CCLS can help by processing the new broker-dealer registration application on your behalf.

Our services include:

• Completion and submission of Form BD and the New Membership Application
• OATS registration
• Completion and submission of FINRA entitlement forms
• Establishment of client documents
• Drafting of new Written Supervisory Procedures (WSPs) and compliance internal controls
• Evaluation of initial compliance program requirements
• Training and preparation for on-the-record interview

CCLS helps to simplify the process, prevent unnecessary delays and avoid excessive costs.

Changing your Existing Ownership

FINRA member firms who wish to merge, acquire, sell, or restructure their equity ownership or control must file an application for Continuing Membership Application (CMA) with FINRA. CCLS will help to process the CMA filing on your behalf. Our services include completion of forms, supporting documentation and submission to the appropriate FINRA District Office. For more information, please contact us.

Changing Your Current Membership Agreement

Certain firms are required to notify and obtain approval by FINRA for changes in current business activities or product mix, expansion of branch offices, and/or hiring of additional registered representatives. Notification is done through amending your current membership agreement and filing for a Membership Agreement Change (MAC). CCLS will help you determine whether you need to complete the MAC filing.