The B/D Start-Up Process
We Do It Everyday.
Starting a Broker/Dealer is a time-consuming process requiring the creation, editing and filing of dozens of obscure documents, complicated forms and detailed procedures, all which must be within the regulatory deadlines. Do you really want your organization to spend valuable time and bandwidth to research, understand and implement a complicated regulatory process, that most likely, your organization will never have to use again?
We know what is required by FINRA, the SEC, and each state, to meet and exceed the qualification standards necessary to obtain their approval. We have established long-term supportive relationships with regulatory staff members that allows us to move your firm through the process in a cost effective and timely manner.
B/D Solutions will lead the Broker-Dealer Start-Up process which will allow you to focus on planning and building the most important factor in the success of your business – generating revenue.
Basic Requirements for Every Broker-Dealer Start-Up
Disclosure of All Ownership
Two Principals Requirement
FINOP Requirement
Categories of Broker-Dealers
Broker-Dealers are commonly grouped to in three categories – “a limited purpose BD”, an “introducing firm”, or a “self-clearing firm”. These categories are generally based on the firm’s net capital requirements, but firm’s within each category may conduct vastly different businesses activities.
