Connecticut > Secretary Of State > Blue Sky > General
Connecticut Application For Broker-Dealer Registration BD-REG - Connecticut
| Connecticut Application For Broker-Dealer Registration Form. This is a Connecticut form and can be used in General Blue Sky Secretary Of State . |
|
||||||
 Get this form for FREE as a print-only pdf |
|||||||
|
CONNECTICUT APPL ICATION FOR BROKER-DE AL E R RE GISTRA TION (R evised 5/2004) WHO MUS T R EGIS TER : Generally, any perso n who is eng ag ed in the bus iness of effecting secu rities transaction s for the acc ount of others or for its own account must register as a broker-dealer with the Connecticut Department of Banking. Typically, a broker-dealer firm must regis ter if it is 1) located in Connecticut and trans acts s ecurities busines s with Connecticut residents or with residents of other juris dictions ; or 2) located in another jurisdiction and transacts secur ities bus ines s for Connecticut residents. Individuals who work for a broker-dealer (e.g. regis tered representa tives or stockbrokers ) are ag ents of that broker-dealer under the Connecticut Uniform S ecurities Act. Although they do not regis ter as broker-dealers , they would regist er as agents of their employing firm to transa ct secu rities business in the state. FOR HELP : Write to us at: S tate of Connecticut Department of Banking Secu rities and Busin ess Invest ments Divisio n 260 Cons titution Plaza Hartford, Connecticut 06103 Telephone us at (860) 240-8230 Vis it our web site at www.s tate.ct.us for breaking news or to download state forms WHATS IN THIS PACKE T: Instructions, including information on tes ting requirements Connecticut Broker-dealer Supplement Workers Compensation Ques tionnaire Bran ch Office Applicat ion F orm DBA-1, with inst ructions Connecticut Uniform S ecurities Act Re gulations under the Connecticut Uniform Securities Act ST EP 1: WHAT TO FILE ELECT R ONICALLY THROUGH THE CEN TR AL REG IS TR ATION DEPOSITORY OR CRD: All NAS D member broker-dealer firms file for state and federal broker-dealer reg ist ration through NAS D Regulation, Inc.s (NAS DR) Central Registration Depository (CRD or Web CRD). Web CRD is an Internet-bas ed depository that accepts filings and fees for broker- dealer firms and their agents and will electronica lly relay the information to us for proces sing. Through Web CRD, you will also renew your Connecticut broker-dealer registr ation and the regis trations of your firms ag ents . American LegalNet, Inc. www.USCourtForms.com<<<<<<<<<********>>>>>>>>>>>>> 2Page 2 HOW TO CONTACT NAS DR: NASD Regulation, Inc. 9513 Key West Avenue Rockv ille, Maryland 20850-3389 Telephone: (301) 590-6500 Web site: www.nasd r.com YOU MUS T FILE THE FOL LOWING FOR MS EL ECTR ONICAL LY AND OBTAIN THEM FR OM NAS DR : FORM BD (Uniform Application for Regis tration as a Broker-dealer or to Amend such an Application Use Form BD to file for initial registration as a broker-dealer in Co nnecticut. Be su re to check off the Connecti cut block. FORM U-4 (Uniform Application for S ecurities and Commodities Industry Re pres entative and/or Agent) Us e Form U-4 to regis ter at leas t one agent of your firm in Connecticut. FORM U-5 (Uniform Termination Notice for S ecurities Industry Repres entative and/or Agent). Use Form U-5 when an agent leaves your firms employ. FORM BDW (Uniform Notice of Withdrawal from Re gis tration as a Broker-dealer) Use Form BDW to withdraw your firms reg is tration federally or with a particular state. ST EP 2: REM IT THE CORREC T CONNECTICUT REGIS TR ATION FEES TO NASDR NOTE : Re gis tration fees are non-refundable. INITIAL RE GIST R ATION FEES Broker-dealer Firms : $250 Agents $ 50 per agent. A new broker-dealer applicant must regist er at leas t one ag ent in Connecticut REN E WAL REGIST R ATION FE ES Unless su sp ended or revoked, every broker-dealer and agent regist ration expires on st December 31 unless renewed. If you do not have to amend your filing , you need only remit the correct renewal fees to NAS DR. Renewal fees are non-refundable. Broker-dealer Firms: $150 American LegalNet, Inc. www.USCourtForms.com<<<<<<<<<********>>>>>>>>>>>>> 3Pag e 3 Agents $ 50 per agent. ST EP 3: SUBM IT CONNECT ICUT SUPPLEM ENTAL INFORM ATION DIRECT LY TO THE CONNECTICUT DEP AR TMENT OF BANKING, SECURI TIES AND BUSINESS I NVEST MENTS DIVISION 1. FINANCIAL STATEMENTS What to File: An original s tatement of financ ial condition as of a date within 60 days prior to the date your firm files its Connecticut broker- dealer applicat ion A Se parate Regis trants Certificate is No Longer Required Ca pital Required: Broker-dealer applicants and regis trants must have and maintain the minimum net capital required by S ecurities and Exchang e Commissio n Rule 15c3-1 and comply with SEC Ru le 15c3-3 governing cust omer protection, rese rves and cust ody of secu rities. Financial S tatement 1. Disclos e the nature and amount of your firms asset s, Content: liabilities and capital. If the firm is a sole proprietorship, include personal ass ets and liabilities. 2. Net capital computation 3. The financial statem ent dated within 60 days of the application date must be audited (i.e. examined in acco rd ance with generally acc epted auditing s tandards and reported upon with an opinion expres s ed by an independent certified public accountant) where the broker-dealer has been in busines s for one year or more unless the firm submits 1) its mo st recent audited s tatement of financial condition; and 2) an unaudited s tatement of financial condition as of a date within 60 days prior to the date the Connecticut broker-dealer application is filed. If the firm has been in bus iness f or less than one year, it may su bmit an unaudited financial st at ement as of a date within 60 days before the Connecticut broker-dealer application was filed. 2. CONNECTICUT BROKER-DEALER SU PPL EMENT (form enclosed with this packet) American LegalNet, Inc. www.USCourtForms.com<<<<<<<<<********>>>>>>>>>>>>> 4Pag e 4 OTHER CONNECTICUT REQUIR EMENTS TO KNOW ABOUT 1. EX PE RIENCE REQ UIR EMENTS Who Must Meet the Experience Requirement? Every pers on lis ted on S chedule A, B or C of Form BD who is involved in manager ial or supervisory respon sibilities If the broker-dealer is a partnership, at least 2 active partners (or if there is only one active partner, then that one) If the broker-dealer is a corporation, at least 2 act ive officers (or if there is only one active officer, then that one) Applicants with pers onnel having no manager ial or supervisory responsibilities or not being active as officers or partners should provide a dated written st at ement, signed by an officer or other authorized perso n of similar rank, supporting their claim that these individuals should receive a waiv
|
|||||||
