Broker-Dealer Registration Form - State Of Missouri (Page 3 of 9) in pdf

Note: Broker-dealers registered with the Securities and Exchange Commission (SEC) shall

maintain net capital requirements in accordance with Rule 15c3-1 under the SEC Act of

1934.

ADDITIONAL ITEMS OF INTEREST

 Renewal: Broker-dealer and broker-dealer agent registrations expire on December 31 of

each year unless renewed. See Section 409.4-406(d), RSMo. (Cum. Supp. 2011). It is the

responsibility of the broker-dealer and/or agent(s) to renew registrations each year.

 Missouri regulations require that broker-dealers maintain the registration of at least one agent

or be subject to cancellation. See 15 CSR 30-51.010(2).

 Section 409.4-412(d)(1), RSMo. (Cum. Supp. 2011), provides that the Commissioner of

Securities may, by order, deny, suspend or revoke any registration if he finds that the order is

in the public interest and that the applicant or registrant has filed an application for

registration, which as of its effective date was incomplete in any material respect or

contained any statement which was, in light of the circumstances under which it was made,

false or misleading with respect to any material fact.

 Section 409.4-412(c), RSMo. (Cum. Supp. 2011), provides that any person who willfully

violates Section 409.4-412(d)(1), knowing the statement made to be false or misleading in

any material respect, shall upon conviction be fined not more than five thousand dollars

($5,000) for a single violation.

 15 CSR 30-51.160(1)(D) provides that any application, the filing of which is not considered

complete within a period of one year following the original filing thereof, shall be presumed

subject to the entry of an order of cancellation pursuant to Section 409.4-408(e), RSMo.

(Cum. Supp. 2011).

 A broker-dealer is exempt from the registration requirements if it is an out-of-state firm with

no place of business in Missouri and has fewer than three clients in Missouri.

 Questions regarding examinations and the location of testing sites should be directed to

FINRA at (240) 386-4848.

 Applicants for agent registration submitting a Form U-4 on the CRD system are not approved

to conduct securities business in Missouri until that application receives an “APPROVED”

status in the CRD system. It is the responsibility of the applicant to notify the Missouri

Securities Division if the application receives a “DEFICIENT” status upon filing.

Missouri Broker-Dealer Registration, p. 4

Broker-Dealer Registration Form - State Of Missouri Page 3