Registration Fees

The information provided below includes fee changes and their effective dates, which were approved by the U.S. Securities and Exchange Commission in June 2012 as noted in Regulatory Notice 12-32.

 

Membership Fee

Effective 7/23/12

 

The New Member Application (NMA) fee structure assesses fees ranging from $7,500 to $55,000 depending on the size of the new member applicant, as outlined in the tables below. The fee structure also assesses an additional $5,000 surcharge for a new member firm applicant that intends to engage in clearing and carrying activities.

Number of Registered Persons
Associated With Applicant
SmallMediumLarge
Tier 11-10151-300501-1,000
Tier 211-100301-5001,001-5,000
Tier 3101-150N/A>5,000
Application Fee per TierSmallMediumLarge
Tier 1$7,500$25,000$35,000
Tier 2$12,500$30,000$45,000
Tier 3$20,000N/A$55,000

 

General Registration Fees

Effective 1/02/13

FeeDescription
$100.00Registration Fee – for each initial Form U4. The following discounts apply to Forms U4 filed to transfer the registration of representatives/principals in connection with acquisition of all/part of a member's business by another member:
  • 1,000–1,999 registered personnel transferred – 10% discount
  • 2,000–2,999 registered personnel transferred – 20% discount
  • 3,000–3,999 registered personnel transferred – 30% discount
  • 4,000–4,999 registered personnel transferred – 40% discount
  • 5,000 and over registered personnel transferred – 50% discount
$45.00Annual Web CRD Processing Fee
$110.00Disclosure Processing Fee (U4, U5 & amendments) – for all registration, transfer or termination filings with new or amended disclosure information or that require certification as well as any amendment to disclosure information.
$100.00 for the first day, $25 for each subsequent day, up to a maximum of 60 days. $1,575 maxLate Disclosure Fee
$40.00Termination Fee
$80.00Late Termination Fee

 

Branch Office Registration Fees

Fee Per Branch OfficeDescription
$75Branch Office Initial Registration Fee
$20Branch Office System Processing Fee

Notes about Branch Office Fees:

  • FINRA will continue to waive the Initial Registration Fee for one branch per firm.
  • FINRA will continue to waive the System Processing Fee for one branch per firm.

 

Branch Office Annual Registration Fees (Renewal)

Effective 1/02/13

# of Branch OfficesFee Per Branch Office
1-250$175
251-500$150
501-1000$125
1001-2000$100
2001+$75

Notes about Branch Office Fees:

  • FINRA will continue to waive the Annual Registration Fee (renewal) for one branch per firm.
  • In addition to the Annual Registration Fee, FINRA will continue to assess a $20 Annual System Processing Fee (renewal) per branch office.
  • FINRA will continue to waive the Annual System Processing Fee (renewal) for one branch per firm.

 

Fingerprint Processing Fees

Effective 1/02/13

 

Electronic Submission – covers processing and posting to Web CRD

Fee Per SubmissionDescription
$29.50Initial Submission
$15.00Second Submission for a first fingerprint submission that was deemed illegible by the FBI
$29.50Third Submission

 

Paper Card Submission – covers processing and posting to Web CRD

Fee Per CardDescription
$44.50Initial Submission
$30.00Second Submission for a first fingerprint submission that was deemed illegible by the FBI
$44.50Third Submission

 

Qualification Examination Fees are listed on the FINRA Administered Qualification Examinations table.

Last Updated: 11/21/2012