If you desire to purchase a Broker/Dealer, and have identified one that you wish to purchase, Brokerage Consulting Group can assist you in the transition process.
Brokerage Consulting Group can create the Continuing Membership Application filing, as well as a variety of other services. The filing for changing the ownership of a Broker/Dealer is very similar to the requirements for starting a new Broker/Dealer. Brokerage Consulting Group provides these services on a fee per project basis. For an estimate of time and costs, please contact us today.
INTERNAL OWNERSHIP CHANGE OF AN EXISTING FINRA MEMBER FIRM
If your firm is an existing FINRA Member Firm requiring an internal change of ownership, a continuing member application may be required if there is more than a 25% change in ownership. Please contact us for details.
Material Changes of Business Operations
If your firm has a material change in business operations, you must file for approval with FINRA pursuant to NASD Rule 1017. This process varies from the routine to the very complex. At Brokerage Consulting Group, we can create a 1017 filing catered to your specific needs. To discuss a 1017 filing with one of our consultants, please call us today.
Changes to Current Membership Agreements
For non-material changes to your firm's current membership agreement, Brokerage Consulting Group can assist with the completion of this process and file the Membership Agreement Change request with FINRA. Contact us today for more information.
Materiality Consultation
A firm may seek guidance in terms of how best to proceed with a change that does not clearly fall into a Continuing Membership Application. Materiality Consultations are submitted by firms voluntarily. If you believe that a change in business or expansion is not material, and do not wish to obtain a written assessment from FINRA, the reasons the changes are not material should be documented. Brokerage Consulting Group can prepare and submit a Materiality Consultiation for your firm. Contact us today for more information.
