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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.

Learn more on the Regulatory Fees and Payment Options page.

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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
$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
  • 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.

Fingerprint Processing Fees


Current fingerprint processing fees are available on the Fingerprint Fees page. 

Qualification Exam Fees


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

Annual Renewal Program Fees


FINRA’s Annual Renewal Program supports the collection and disbursement of fees related to the renewal of registrations with participating SROs and jurisdictions. Please see the Annual Renewal Program page for complete information, including dates.

Firms can review and pay Annual Renewal Program statements through their Renewal Account in E-Bill; please see the Renewal Program Payment Options page for specific payment information related to the Annual Renewal Program.

Firm Renewal Fees (Form BD)

    Description Fee
    SRO/Jurisdiction Registration Renewal Fee - See the SRO/Jurisdiction Fee and Setting Schedule for information regarding renewal fees for SRO and jurisdiction registrations on Form BD.

    Individual Renewal Fees (Form U4)

    Description Fee
    Annual Statutory Disqualification (SD) Fee: Pursuant to Section 12(b) of Schedule A to the FINRA By-Laws, members employing Tier I and Tier II persons are required to pay an annual assessment. Please see the General Information on FINRA’s Eligibility Requirements page to learn more.

    Fee is assessed per SD individual based on Tier:

    • SD Tier I: $1,500
    • SD Tier II: $1,000
    Annual Web CRD System Processing Fee – Charged for each individual with an “approved” registration status with a broker dealer firm. $45
    SRO/Jurisdiction Registration Renewal Fee - See the  SRO/Jurisdiction Fee and Setting Schedule for information regarding renewal fees for SRO and jurisdiction registrations on Form U4. Note that some jurisdictions apply a discount for individuals that are registered as a sole proprietor and/or both AG and RA. Renewal Reports are also available in Web CRD; see the  Web CRD Reports Quick Reference Guide for more information.

    Branch Renewal Fees (Form BR)

    Description Fee
    Annual Branch Renewal Processing Fee - FINRA will continue to waive the Annual Branch Renewal Processing Fee for one branch per firm. $20
    Annual Branch Renewal Registration Fee – FINRA will continue to waive the Renewal Registration Fee for one branch per firm. Fee is based upon number of registered branches:
    • 1-250: $175
    • 251-500: $150
    • 501-1000: $125
    • 1001-2000: $100
    • 2001+: $75
    SRO/jurisdiction Registration Renewal Fee - See the  SRO/Jurisdiction Fee and Setting Schedule for information regarding renewal fees for SRO and jurisdiction registrations on Form BR.

    Renewal Late Fee

    FINRA-registered firms will also be subject to a late fee if payment is not received on time. This fee is only assessed if the Preliminary Statement is not paid in full by the deadline date. FINRA includes this late fee as part of the Final Statement. The Renewal Late Fee is calculated as the greater of the following:

    • 10 percent of a firm’s cumulative final renewal assessment, or
    • $100

    The maximum late fee that FINRA will assess is $5,000.