Broker-Dealer Registration Form - State Of Missouri (Page 7 of 9) in pdf

Broker-Dealer Registration Form - State Of Missouri Page 7

BROKER-DEALER

RENEWAL FILING PROCEDURES

Submit the following via the WebCRD system:

 The broker-dealer’s renewal fee of $100 and any renewal fees for broker-dealer agents

($50 per agent) should be sent to the address provided to you by FINRA. If payment is

made by check, the check should be payable to “FINRA.” Write the broker-dealer’s

CRD Number and the word “Renewals” on the face of the check. This is important to

ensure that your funds are properly credited to your Renewal Account.

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.

ADDITIONAL ITEMS OF INTEREST

 Section 409.4-412(d), 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 409.404, 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.

 A broker-dealer is exempt from registering under the Missouri Securities Act of 2003 if it is

any out-of-state firm with no place of business in Missouri and has fewer than three clients in

Missouri. See Section 409.4-401(b)(1)(G), RSMo. (Cum. Supp. 2011).

Questions relating to broker-dealer or broker-dealer agent renewal should be directed to the

Registration Section of the Missouri Securities Division.

Missouri Broker-Dealer Registration, p. 8

Broker-Dealer Registration Form - State Of Missouri Page 7