Broker-Dealer Registration Form - State Of Missouri (Page 2 of 9) in pdf

INITIAL BROKER-DEALER FILING PROCEDURES

Broker-dealers applying for registration in Missouri shall submit the following:

To the CRD System:

1. The initial registration fee of $200.

2. A completed Form BD.

a. Question 2 should reflect a check in the “MO” jurisdiction box.

b. If the applicant provides an affirmative response to Question 8 indicating that

it has an arrangement with a clearing firm, full details of that arrangement

should be provided on Schedule D, Page 1, Section IV. Applicant should

include the full name and CRD number for the clearing firm whose services it

will use. The clearing firm must be registered in Missouri.

3. Form U-4 for each broker-dealer agent.

a. The “MO” jurisdiction box should be marked.

b. Individuals must have passed the appropriate examinations: the Series 7 and

the Series 63 or 66.

4. Filing fee of $50 for each broker-dealer agent.

Note: Broker-dealers are required to maintain the registration of at least one broker-

dealer agent. Failure to do so may result in the cancellation of the firm’s Missouri

registration.

To the Missouri Securities Division:

1. Missouri Broker-Dealer Affidavit (copy available at ).

a. The affidavit must be originally signed by a principal and notarized.

2. You may be required to register with the Missouri Corporations Division, or be

eligible for an exemption or exclusion from the registration requirements as listed in

the Missouri Corporation laws.

a. You may contact the Missouri Corporations Division to request copies of their

registration forms by calling (573) 751-4153. Some forms are available on

the Missouri Secretary of State’s website at .

3. Financial Statements.

a. If applicant has been in business more than one year, it must submit either a

copy of its most recent audited financial statement or its most recent Form X-

17A-5 FOCUS Report. The audited financial statement must include a

balance sheet, a profit and loss statement, a statement of change in financial

condition, and a net capital computation.

b. If applicant has been in business less than one year, it may submit a verified

balance sheet, signed by an officer of the firm, and a net capital computation.

Both financial statements must have been completed and dated no more than

thirty days prior to submission.

4. Additional questionnaires and affidavits as requested by the Securities Division.

Missouri Broker-Dealer Registration, p. 3

Broker-Dealer Registration Form - State Of Missouri Page 2