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

Broker-Dealer Registration Form - State Of Missouri Page 9

Q: Does Missouri allow dual registration?

A: Yes, a letter must be submitted on a company letterhead signed by a principal of each firm

and stating the following three items:

1. Acknowledgment the proposed dual agency;

2. Affirmation that there will be no conflict of interest; and

3. Assurance that the dual agency will be disclosed to all prospective customers.

See 15 CSR 30-50.010(3)

Q: Does Missouri have a de minimus exemption?

A: Yes. Broker-dealers who have no place of business in Missouri and during the preceding 12

months have had no more than three clients who are residents of the state do not need to

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

Q: Does Missouri require broker dealers to submit their annual audited financial

statements?

A: Audited financial statements are only required at the time of initial registration during the

application process.

See 15 CSR 30-51.040

Q: When does a broker dealer firm’s registration expire?

A: Every registration expires on December 31 of each year, unless renewed or unless sooner

revoked, canceled, or withdrawn.

See 15 CSR 30-51.160(2)(A)

Q: What do I do if I want to withdraw my registration?

A: Broker-dealers must file a Form BDW through WebCRD and broker-dealer agents must file

a Form U-5 through WebCRD.

Q: Does Missouri require fingerprints?

A: No.

Revised 04/2011

Missouri Broker-Dealer Registration, p. 10

Broker-Dealer Registration Form - State Of Missouri Page 9