The New York Broker-Dealer and Securities Registration Information Sheet (also known as the Form BD or Form BDW) is a filing document used by broker-dealers to register with the New York State Department of Financial Services (DFS). The Form BD provides key information about the broker-dealer, including its business activities, financial condition, and the qualifications of its officers, directors, and associated persons. The Form BD also serves as the broker-dealer’s initial registration document with the DFS. There are two types of New York Broker-Dealer and Securities Registration Information Sheet: a Standard Form BD and a Form BDW. The Standard Form BD is used by broker-dealers who are registered with the Securities and Exchange Commission (SEC) or a self-regulatory organization (SRO). The Form BDW is used by broker-dealers who are not registered with the SEC or an SRO, and instead are registered with the DFS. Both forms require the broker-dealer to provide information about its business activities, financial condition, and the qualifications of its officers, directors, and associated persons. The Form BDW also requires the broker-dealer to disclose information about its ownership, investments, and other material facts. Both forms must be updated annually, and the broker-dealer must also inform the DFS of any material changes to the information in the form.
New York Broker-Dealer and Securities Registration Information Sheet
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How to fill out New York Broker-Dealer And Securities Registration Information Sheet?
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How to Report Disclosure Events - Rule 4530 (a, b) FINRA Rule 4530(a) requires firms to promptly report specified events to FINRA no later than 30 calendar days after the firm knows or should have known of their existence.
Details of Regulation BI A disclosure obligation would require broker-dealers to disclose material facts about the relationship and recommendations of the products and services they provide.
Form BD is the Uniform Application for Broker-Dealer Registration. Broker-Dealers must file this form to register with the Securities and Exchange Commission, the self-regulatory organizations, and jurisdictions through the Central Registration Depository (?CRD?) system, operated by FINRA.
Most "brokers" and "dealers" must register with the SEC and join a "self-regulatory organization," or SRO. This section covers the factors that determine whether a person is a broker or dealer.
FINRA broker-dealers must register by filing Form BD through the Central Registration Depository (CRD) online portal. All correspondence to FINRA should be sent to: P.O. Box 9401, Gaithersburg MD 20898-9401. All pertinent information is received through the CRD by the New York State Department of Law.
The Disclosure Obligation requires a broker-dealer, prior to or at the time of the recommendation, to provide a retail customer full and fair disclosure of certain material facts relating to the scope and terms of the firm's relationships with their clients.
The Disclosure Obligation requires a broker-dealer, prior to or at the time of the recommendation, to provide a retail customer full and fair disclosure of certain material facts relating to the scope and terms of the firm's relationships with their clients.
dealer must comply with relevant state law as well as federal law and applicable SRO rules.