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Arizona Dealer Registration Requirements - Securities Division, Arizona Corporation Commission

Arizona Dealer Registration Requirements

NASD Member Dealers:

1. Submit Form BD or amended Form BD to the NASD WebCRD system requesting

registration in Arizona. [See A.R.S. § 44-1941]

2. Submit $300.00 registration fee to the NASD WebCRD. [See A.R.S. § 44-1861(A)(1) and §

44-1941(B)]

3. Submit directly to the Division an audit report of an independent certified public accountant

together with a balance sheet, related statements of income (loss), stockholders' equity or

retained earnings and cash flows prepared in accordance with generally accepted accounting

principles as of the most recent practicable date. This requirement is not applicable for those

Dealers who have not yet provided audited financial statements pursuant to SEC

requirements. [See A.R.S. § 44-1941(A)(10)]

Applications for registration as a dealer will be processed in accordance with the terms of A.A.C. R14-

4-147.

The Division will review the information provided through the WebCRD system and the financial

statements. Additional information based on this review may be requested. [See A.R.S. § 44-1942] The

approval of the application by the NASD and state of the dealer’s principal place of business is also

required.

II.

Non-NASD Dealers:

1. Complete Form BD, manually signed and notarized. (Rev. 7/99) [See A.R.S. § 44-1941(A)]

2. Registration fee of $300.00 payable to the Arizona Corporation Commission. [See A.R.S. § 44-

1861(A)(1) and § 44-1941(B)]

3. Submit an audit report of an independent certified public accountant together with a balance

sheet, related statements of income (loss), stockholders' equity or retained earnings and cash

flows prepared in accordance with generally accepted accounting principles as of the most recent

practicable date. This requirement is not applicable for those Deale rs who have not yet

provided audited financial statements pursuant to SEC requirements. [See A.R.S. § 44-

1941(A)(10)]

Applications for registration as a dealer will be processed in accordance with the terms of A.A.C.

R14-4-147.

The Division will review the information provided on Form BD and in the financial statements.

Additional information based on this review may be requested. [See A.R.S. § 44-1942] The approval of

the application by an exchange (if applicable) and state of the dealer’s principal place of business is

also required.

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Arizona Dealer Registration Requirements - Securities Division, Arizona Corporation Commission