How to Apply as a New Broker-Dealer Firm

For your firm to become a member of FINRA, you must submit online the electronic New Member Application Form (Form NMA) via the FINRA Firm Gateway.  Here are the steps to take to submit a new member application:

1. Reserve Your Firm’s Name


Make sure to request and reserve a proposed name for your firm before filing a new membership application. The name must not be identical to an existing member firm’s name or so similar that it will confuse and mislead others.

To reserve a name, please complete the Firm Name Reservation Form. Send the completed form by mail, fax or email to:

FINRA
Regulatory Review and Disclosure Department
9509 Key West Avenue
Rockville, MD 20850
Fax: (301) 216-3710
Email: DisclosureReviewOrga@finra.org

Learn more about reserving a firm name.

2. Pay Your Application Fees


Once your firm name reservation is approved, submit payment to FINRA for your New Member Application (NMA) fee via wire.

To determine the required Membership fees, visit our Fees page.

Please use the following instructions to submit payment to FINRA:

Bank Name: Bank of America
Transfer funds to: FINRA
Wire ABA Number: 026009593
ACH ABA Number: 054001204
Beneficiary: FINRA
FINRA Account Number: 226005684771
Reference Number: New Member – [INSERT THE RESERVED FIRM NAME]
SWIFT-BIC: BOFAUS3N

A member of the Regulatory Review and Disclosure department will follow-up with you after FINRA receives the wire payment.

3. Submit Hard-Copy Forms


You must submit the following forms to FINRA at the same time before you can access the Firm Gateway to complete the electronic Form NMA. It’s not possible to submit these forms online.

Submit these hard-copy forms together to:

FINRA
Regulatory Review and Disclosure Department
9509 Key West Avenue
Rockville, MD 20850

4. Fill Out All Required Forms Via Firm Gateway


Once FINRA receives your hard-copy forms, you’ll be given access to the Firm Gateway to submit pertinent forms, including the following:

For a full list of all the forms, documents and instructions you may need, visit our Registration Forms and Documents page. Our Web CRD Quick Reference Guides are job aids that provide instruction and guidance on how to use Web CRD to submit form filings.

Once your firm is granted access to the Firm Gateway, all subsequent required application, examination and registration fees will be paid via your firm’s FINRA Flex-Funding Account. Funds must be deposited into the Flex-Funding Account in advance. Learn more about Web CRD Payment Methods and Addresses for funding this account.

5. Submit Fingerprints


FINRA requires applicants to submit fingerprints for each associated person after they receive access to the Firm Gateway and Form NMA. You can find the deadline for submitting fingerprints in Form NMA and on the Form NMA confirmation and transmittal pages. Visit our fingerprints page to learn more about fingerprint requirements.

FINRA recommends submitting fingerprints electronically for faster service; however, hard-copy submission via first-class mail, overnight courier or hand delivery is also an option.