Schedule of Registration and Exam Fees

Firms may 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 is 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 Flex-Funding Account, through the Firm Gateway.

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Membership Fees

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.

Note: To assist new firms in calculating their membership fees, FINRA has created the New Membership Application Fee Calculator in Excel format.

Number of Registered Persons
Associated With Applicant
Small Medium Large
Tier 1 1-10 151-300 501-1,000
Tier 2 11-100 301-500 1,001-5,000
Tier 3 101-150 N/A >5,000
Application Fee per Tier Small Medium Large
Tier 1 $7,500 $25,000 $35,000
Tier 2 $12,500 $30,000 $45,000
Tier 3 $20,000 N/A $55,000

General Registration Fees

Effective 1/02/13

Fee Description
$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:
  • 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
$45.00 Annual Web CRD Processing Fee

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
  • BD Amendments - for filings with new or amended 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 (U4, U5 & Amendments)
$40.00 Termination 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)

Effective 1/02/13

# of Branch Offices Fee 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


FINRA Fingerprint Fee

FBI Fingerprint Fee

Total Fee

Electronic Submission




Hard copy Submission




Qualification Exam Fees

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