The FINRA broker-dealer (BD) registration process covers the firm's full life-cycle, from meeting initial membership standards to updating and renewing its registration. This page offers guidance to broker-dealer firms seeking to become FINRA members, including details on the various filing and qualification requirements, as well as what member firms need to do to expand their business or withdraw their registration.
This guide outlines the standards and procedural guidelines for the membership application and registration process for BD firms.
BDs must use Form BR to register each of their branch offices with FINRA, the NYSE and states.
BDs may file full or partial withdrawals of registration from FINRA, other SROs, the SEC and all states/jurisdictions. Learn how to file Form BDW and how to amend Form BD.
Firms must file a Form BD amendment and/or a Continuing Membership Application (CMA) depending on the type of update.
Every year, BD firms must renew their registration with FINRA, other SROs, and all appropriate states/jurisdictions.