Registration/Exam Fee Schedule
You can pay individual registration, examination and filing fees through Web CRD (Central Registration Depository), the central licensing and registration system for the U.S. securities industry and its regulators. Web CRD expedites the processing and payment of fees.
FINRA's E-Bill system has replaced the WEB CRD/IARD E-Pay system as the online application firms use when making electronic (ACH) payments. E-Bill allows entitled users to view and pay FINRA invoices, as well as fund their firm’s FINRA Flex-Funding Account, through the Firm Gateway.
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.
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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
|Application Fee per Tier||Small||Medium||Large|
General Registration Fees
|$100.00||Registration 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:
|$45.00||Annual Web CRD Processing Fee|
|$110.00||Disclosure 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 max||Late Disclosure Fee|
|$80.00||Late Termination Fee|
Branch Office Registration Fees
|Fee Per Branch Office||Description|
|$75||Branch Office Initial Registration Fee|
|$20||Branch 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)
|# of Branch Offices||Fee Per Branch Office|
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
Electronic Submission – covers processing and posting to Web CRD
|Fee Per Submission||Description|
|$15.00||Second Submission for a first fingerprint submission that was deemed illegible by the FBI|
Paper Card Submission – covers processing and posting to Web CRD
|Fee Per Card||Description|
|$30.00||Second Submission for a first fingerprint submission that was deemed illegible by the FBI|
Qualification Exam Fees
Qualification Examination Fees are listed on the FINRA Administered Qualification Examinations table.