# EDGAR Filing Document

**Accession Number:** 0000786671
**File Stem:** 0000786671-23-000002
**Filing Date:** 2023-1
**Character Count:** 17921
**Document Hash:** c37515968cbc501108051d339b82977a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000786671-23-000002.hdr.sgml**: 20230120

**ACCESSION NUMBER**: 0000786671-23-000002

**CONFORMED SUBMISSION TYPE**: MA-A

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230117

**DATE AS OF CHANGE**: 20230120

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BOK FINANCIAL SECURITIES, INC.
- **CENTRAL INDEX KEY:** 0000786671
- **IRS NUMBER:** 731275307
- **STATE OF INCORPORATION:** OK
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** MA-A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 867-00836
- **FILM NUMBER:** 23539952

**BUSINESS ADDRESS:**
- **STREET 1:** ONE WILLIAMS CENTER
- **STREET 2:** PLAZA SOUTHEAST
- **CITY:** TULSA
- **STATE:** OK
- **ZIP:** 74172
- **BUSINESS PHONE:** 918-595-3037

**MAIL ADDRESS:**
- **STREET 1:** P.O. BOX 2300
- **CITY:** TULSA
- **STATE:** OK
- **ZIP:** 74192

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BOSC, INC.
- **DATE OF NAME CHANGE:** 20020806

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BOSC INC
- **DATE OF NAME CHANGE:** 20001023

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BOSC INC                                                /BD
- **DATE OF NAME CHANGE:** 20001023

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM MA: UNIFORM APPLICATION FOR MUNICIPAL ADVISOR REGISTRATION

### Filer and Contact Information

**Filer CIK:** 0000786671

**Filer CCC:** XXXXXXXX

**Contact Name:** Jon Swanson

**Contact Phone:** 918-595-3037

**Contact Email:** jon.swanson@bokf.com

**Notification Emails:** jon.swanson@bokf.com

### Type of Filing

**Selected Filing Type:** Annual Update

### Item 1: Identifying Information

**A. Full Legal Name of the Firm:** BOK FINANCIAL SECURITIES, INC.

**&nbsp;&nbsp;&nbsp;Organization CRD No.:** 17530

**&nbsp;&nbsp;&nbsp;Is applicant a Sole Proprietor?:** No

**&nbsp;&nbsp;&nbsp;Has the municipal legal name changed since the last filing?:** No

**&nbsp;&nbsp;&nbsp;Has the applicant had any previous DBA names?:** No

**&nbsp;&nbsp;&nbsp;Does the applicant have any additional DBA names?:** No

**C. IRS Employer Identification Number:** 73-1275307

**D. Registrations:**

- **Municipal Advisor (Temporary):** SEC File No: 866-00690-00

- **Municipal Advisor:** SEC File No: 867-00836

- **Broker-Dealer:** SEC File No: 008-35381, CRD No: 17530

- **SEC-Registered Investment Adviser:** SEC File No: 801-53600, CRD No: 17530

**E. Principal Office and Place of Business:** ONE WILLIAMS CENTER, PLAZA SOUTHEAST, TULSA, OK, 74172

**Telephone Number:** 918-595-3037

**Additional Offices of Employment:**

- **Office #1 (Add):** 499 W. Sheridan Avenue, Suite 2500, OKLAHOMA CITY, OK, 73102 | Phone: 405-272-2261

- **Office #2 (Add):** 333 WEST CAMPBELL ROAD, SUITE 350, RICHARDSON, TX, 75080 | Phone: 214-576-0880

**Mailing Address is Different from Principal Office:** Yes

**Mailing Address:** PO BOX 2300, TULSA, OK, 74192

**F. Website:** https://securities.bokfinancial.com/

**G. Chief Compliance Officer (CCO):**

**Name:** Jon Craig Swanson

**Address:** ONE WILLIAMS CENTER, PLAZA LEVEL, SE, TULSA, OK, 74172

**Phone Number:** 918-595-3037

**Email:** jon.swanson@bokf.com

**H. Business Affiliates:**

- **Name:** BOK Financial Capital Markets

  - **Issuing Agency:** OCC & MSRB

  - **Jurisdiction:** 

- **Name:** BOKF, NA

  - **Issuing Agency:** OCC

  - **Jurisdiction:** 

- **Name:** CAVANAL HILL INVESTMENT MANAGEMENT, INC.

  - **Issuing Agency:** SEC

  - **Jurisdiction:** 

- **Name:** CAVANAL HILL MUTUAL FUNDS

  - **Issuing Agency:** SEC REGISTERED INVESTMENT COMPANY

  - **Jurisdiction:** 

- **Name:** BOK FINANCIAL CORPORATION

  - **Issuing Agency:** BANK HOLDING COMPANY

  - **Jurisdiction:** 

- **Name:** Cavanal Hill Distributors, Inc.

  - **Issuing Agency:** FINRA

  - **Jurisdiction:** 

- **Name:** BOK Financial Private Wealth, Inc.

  - **Issuing Agency:** SEC

  - **Jurisdiction:** 

**I. Location of Books and Records:** Yes

### Item 2: Form of Organization

**A. Applicant's form of organization:** Corporation

**B. Month of Applicant's Annual Fiscal Year End:** December

**C. State, Other U.S. Jurisdiction, or Foreign Jurisdiction Under Which Applicant is Organized:** OK

**D. Date of Organization:** 12-23-1985

**E. Is the applicant a public reporting company?:** No

### Item 3: Successions

**Is the applicant succeeding to the business of a registered municipal advisor?** No

### Item 4: Information About Applicant's Business

**A. Number of Employees:** 330

**B. Municipal Advisory Activities - Employees:** 9

**C. Registered Representatives - MAA Employees also registered reps of a broker-dealer:** 9

**&nbsp;&nbsp;&nbsp;MAA Employees also associated with an investment adviser:** 4

**D. Public Relations Company?:** No

**E. Soliciting on Behalf of an Affiliate - Number of firms:** 0

**F. Types of Clients - Number of clients served as municipal advisor:** 100

**&nbsp;&nbsp;&nbsp;Types of Clients:** Municipal Entities

**G. Solicitation of Municipal Entities and Obligated Persons - Municipal Entities:** 0

**&nbsp;&nbsp;&nbsp;Obligated Persons:** 0

**&nbsp;&nbsp;&nbsp;Total Solicited:** 0

**H. Types of Persons Solicited:** 
Not Applicable
, Not Applicable

**I. Compensation Arrangements (Municipal Advisory):** 
Contingent Fees
, Contingent Fees

**J. Compensation Arrangements (Solicitation):** 
Not Applicable
, Not Applicable

**K. Does the applicant receive compensation in the context of its municipal advisory business from other than its municipal entity or obligated person clients?:** No

**L. Applicant Business Relating to Municipal Securities:** Advice Insurance Of MS, Advice Investment Of Proceeds MS, Advice ME Investments, Advice ME Other Investments, Advice Use Of MD, Advice On Selection

### Item 5: Other Business Activities

- **Broker-Dealer:** Actively Engaged: Yes, Primary Business: Yes

- **Investment Advisor:** Actively Engaged: Yes, Primary Business: Yes

**Is applicant engaged in any other non-municipal advisor business?** No

### Item 6: Financial Industry and Other Activities of Associated Persons

**Types of associated persons:** Broker-dealer municipal securities dealer or government securities broker or dealer, Investment Company, Investment Adviser, Banking/Thrift institution, Insurance company or agency, Broker-dealer municipal securities dealer or government securities broker or dealer, Banking/Thrift institution, Insurance company or agency, Investment Adviser, Investment Company, Investment Adviser, Investment Adviser, Broker-dealer municipal securities dealer or government securities broker or dealer, Insurance company or agency

**Total Associated Persons:** 8

### Item 7: Participation or Interest in Client Transactions

- **Buy or sell municipal securities from or to municipal advisory clients for the firm's own account?:** No

- **Buy or sell municipal securities from or to third-parties on behalf of clients?:** No

- **Enter into derivatives transactions with clients for the firm's own account?:** No

- **Recommend to clients to buy/sell securities in which the firm has a financial interest?:** No

- **Recommend to clients products/services of an affiliated person?:** Yes

- **Recommend to clients securities of an issuer with which the firm has other relationships?:** No

- **Have discretionary authority to buy/sell municipal securities for clients?:** No

- **Have discretionary authority to buy/sell any other securities or investments for clients?:** No

- **Have discretionary authority to determine the broker-dealer to be used for client transactions?:** No

- **Have discretionary authority to determine the commission paid to a broker-dealer?:** No

- **Recommend broker-dealers to clients?:** Yes

- **&nbsp;&nbsp;&nbsp;If yes, are any of these broker-dealers an associated person of the applicant?:** No

- **Compensate any person for client referrals?:** No

- **Receive compensation from any person for client referrals?:** No

### Item 8: Owners, Officers, and Other Control Persons

**A. (2) Does any person not named in Item 1-A or Schedules A, B, or C, directly or indirectly, control the applicant's management or policies?** No

**B. (1) Is any person in Schedule A, B, or C, or in Section 8-A of Schedule D a public reporting company?** No

### Item 9: Disclosure Information

**Criminal Disclosure:**

- **Applicant/Advisory Affiliate Convicted/Pled Guilty to Felony?:** No

- **Applicant/Advisory Affiliate Charged with Felony?:** No

- **Organization Convicted/Pled Guilty to Felony?:** No

- **Organization Charged with Felony?:** No

**Regulatory Disclosure:**

- **SEC/CFTC Found False Statement?:** Yes

- **SEC/CFTC Found Violation?:** Yes

- **SEC/CFTC Found Cause of Denial/Suspension?:** No

- **SEC/CFTC Entered Order?:** Yes

- **SEC/CFTC Imposed Civil Penalty?:** Yes

- **SRO Found Unethical Conduct?:** No

- **SRO Found Violation?:** No

- **SRO Found Cause of Denial/Suspension?:** No

- **SRO Barred/Suspended/Fined > $2,500?:** No

- **SRO Denied/Suspended/Revoked Registration?:** No

- **Foreign Authority Found False Statement?:** No

- **Foreign Authority Found Violation?:** Yes

- **Foreign Authority Found Cause of Suspension?:** No

- **Foreign Authority Disciplined?:** No

- **Authorization to Act as Attorney/Accountant Revoked?:** No

- **Subject of a Regulatory Complaint?:** No

**Civil Disclosure:**

- **Enjoined in Connection with Municipal Advisory Activity?:** No

- **Found to Have Violated Regulations?:** No

- **Civil Proceeding Dismissed Pursuant to Settlement?:** No

- **Named in Civil Proceeding Alleging Violation?:** No

### Item 10: Small Businesses

**Does the applicant have annual receipts of less than $7,000,000?** No

**Is the applicant affiliated with a person that has annual receipts of more than $7,000,000?** Yes

### Schedule A: Direct Owners and Executive Officers

| Name                      | Title/Status                                     | Date Acquired   | Ownership Code    | Control Person?   | IRS Number   | CRD Number   |
|:---|:---|:---|:---|:---|:---|:---|
| BOK FINANCIAL CORPORATION | DIRECT BENEFICIAL OWNER                          | 12-01-2000      | E - 75% or more   | Yes               |  |  |
| JOHN MALONE COFFMAN       | SVP, MUNICIPAL PRINCIPAL                         | 03-01-2012      | NA - less than 5% | Yes               |  | 1983365      |
| BRETT ALAN DEAN           | PRESIDENT AND CHIEF OPERATING OFFICER            | 04-01-2012      | NA - less than 5% | Yes               |  | 1716141      |
| SCOTT BRADLEY GRAUER      | CEO, CHAIRMAN                                    | 04-01-2012      | NA - less than 5% | Yes               |  | 1509326      |
| ROBERT NMN LEDVORA        | CHIEF FINANCIAL OFFICER, FINOP                   | 01-01-2014      | NA - less than 5% | Yes               |  | 2295547      |
| TALLY MEAD FERGUSON       | SVP, DIRECTOR OF RISK MANAGEMENT                 | 03-01-2012      | NA - less than 5% | Yes               |  | 2934853      |
| JON CRAIG SWANSON         | CHIEF COMPLIANCE OFFICER                         | 03-27-2017      | NA - less than 5% | No                |  | 5010899      |
| Jerry Keith Williams      | SVP, Director of Institutional Sales and Trading | 03-30-2018      | NA - less than 5% | Yes               |  | 2163458      |
| Christopher Arden Gander  | SVP, Investment Banker                           | 07-02-2018      | NA - less than 5% | Yes               |  | 2931550      |
| Joshua Michael McLaughlin | SVP, Investment Banker                           | 06-01-2018      | NA - less than 5% | Yes               |  | 2958620      |
| James Augustus Shaw       | SVP, Director of Retail Sales                    | 07-01-2019      | NA - less than 5% | Yes               |  | 1264136      |

### Schedule B: Indirect Owners

| Owning Entity             | Name                | Title/Status              | Date Acquired   | Ownership Code   | Control Person?   |
|:---|:---|:---|:---|:---|:---|
| BOK FINANCIAL CORPORATION | GEORGE BRUCE KAISER | INDIRECT BENEFICIAL OWNER | 11-01-1991      | E - 75% or more  | Yes               |

### Schedule C: Amendments to Schedules A and B

| Type   | Ownership   | Owning Entity             | Name                      | Title/Status                                     | Date Acquired   | Ownership Code    | Control Person?   | IRS Number   | CRD Number   |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Direct      |  | BOK FINANCIAL CORPORATION | DIRECT BENEFICIAL OWNER                          | 12-01-2000      | E - 75% or more   | Yes               |  |  |
|  | Direct      |  | JOHN MALONE COFFMAN       | SVP, MUNICIPAL PRINCIPAL                         | 03-01-2012      | NA - less than 5% | Yes               |  | 1983365      |
| Amend  | Direct      |  | BRETT ALAN DEAN           | PRESIDENT                                        | 04-01-2012      | NA - less than 5% | Yes               |  | 1716141      |
|  | Direct      |  | SCOTT BRADLEY GRAUER      | CEO, CHAIRMAN                                    | 04-01-2012      | NA - less than 5% | Yes               |  | 1509326      |
|  | Direct      |  | ROBERT NMN LEDVORA        | CHIEF FINANCIAL OFFICER, FINOP                   | 01-01-2014      | NA - less than 5% | Yes               |  | 2295547      |
| Delete | Direct      |  | TALLY MEAD FERGUSON       | SVP, DIRECTOR OF RISK MANAGEMENT                 | 03-01-2012      | NA - less than 5% | Yes               |  | 2934853      |
|  | Direct      |  | JON CRAIG SWANSON         | CHIEF COMPLIANCE OFFICER                         | 03-27-2017      | NA - less than 5% | No                |  | 5010899      |
|  | Direct      |  | Jerry Keith Williams      | SVP, Director of Institutional Sales and Trading | 03-30-2018      | NA - less than 5% | Yes               |  | 2163458      |
|  | Direct      |  | Christopher Arden Gander  | SVP, Investment Banker                           | 07-02-2018      | NA - less than 5% | Yes               |  | 2931550      |
|  | Direct      |  | Joshua Michael McLaughlin | SVP, Investment Banker                           | 06-01-2018      | NA - less than 5% | Yes               |  | 2958620      |
|  | Direct      |  | James Augustus Shaw       | SVP, Director of Retail Sales                    | 07-01-2019      | NA - less than 5% | Yes               |  | 1264136      |
| NewAdd | Direct      |  | James Bradford Steele     | Chief Operating Officer                          | 07-01-2022      | NA - less than 5% | Yes               |  | 6317520      |
| NewAdd | Direct      |  | Tony Nikoloff Atanasoff   | Director of Risk Management                      | 11-14-2022      | NA - less than 5% | Yes               |  | 5923098      |
|  | Indirect    | BOK FINANCIAL CORPORATION | GEORGE BRUCE KAISER       | INDIRECT BENEFICIAL OWNER                        | 11-01-1991      | E - 75% or more   | Yes               |  | 2163602      |

### Disclosure Reporting Pages (DRPs)

**Regulatory DRP for: Applicant (Responding to Questions: 9-E2)**

- **Filed On (Applicant):** Form ADV/BD/U4 for BOSC, INC.

- **CRD Number:** 17530

- **Disclosure Number:** 1594907

**Regulatory DRP for: Applicant (Responding to Questions: 9-E2)**

- **Filed On (Applicant):** Form ADV/BD/U4 for BOSC, INC.

- **CRD Number:** 17530

- **Disclosure Number:** 1454419

**Regulatory DRP for: Applicant (Responding to Questions: 9-E2)**

- **Filed On (Applicant):** Form ADV/BD/U4 for BOSC, INC.

- **CRD Number:** 17530

- **Disclosure Number:** 1274194

**Regulatory DRP for: Applicant (Responding to Questions: 9-E2)**

- **Filed On (Applicant):** Form ADV/BD/U4 for BOSC, INC.

- **CRD Number:** 17530

- **Disclosure Number:** 1260702

**Regulatory DRP for: Applicant (Responding to Questions: 9-E2)**

- **Filed On (Applicant):** Form ADV/BD/U4 for BOSC, INC.

- **CRD Number:** 17530

- **Disclosure Number:** 1203967

**Regulatory DRP for: Applicant (Responding to Questions: 9-E2)**

- **Filed On (Applicant):** Form ADV/BD/U4 for BOSC, INC.

- **CRD Number:** 17530

- **Disclosure Number:** 1154361

**Regulatory DRP for: Applicant (Responding to Questions: 9-E2)**

- **Filed On (Applicant):** Form ADV/BD/U4 for BOSC INC.

- **CRD Number:** 17530

- **Disclosure Number:** 328410

**Regulatory DRP for: Applicant (Responding to Questions: 9-E2)**

  - **Associated Person:** STEVEN GLEN BRADSHAW

  - **CRD Number:** 1190941

  - **Filed On (AP):** Form ADV/BD/U4 for BOSC, INC.

  - **Disclosure Number:** 756488

**Regulatory DRP for: Applicant (Responding to Questions: 9-C1, 9-C2, 9-C4, 9-C5)**

- **Filed On (Applicant):** Form ADV/BD/U4 for BOK Financial Securities, Inc.

- **CRD Number:** 17530

- **Disclosure Number:** 1786839

**Regulatory DRP for: Applicant (Responding to Questions: 9-E2)**

- **Filed On (Applicant):** Form ADV/BD/U4 for BOK Financial Securities, Inc.

- **CRD Number:** 17530

- **Disclosure Number:** 1953136

**Regulatory DRP for: Applicant (Responding to Questions: 9-E2)**

- **Filed On (Applicant):** Form ADV/BD/U4 for BOK Financial Securities, Inc.

- **CRD Number:** 17530

- **Disclosure Number:** 1835984

**Regulatory DRP for: Applicant (Responding to Questions: 9-C2, 9-C4, 9-C5)**

  - **Associated Person:** —

  - **CRD Number:** 17530

  - **Filed On (AP):** Form ADV/BD/U4 for BOK Financial Securities, Inc.

  - **Disclosure Number:** 1899316

**Regulatory DRP for: Applicant (Responding to Questions: 9-C1, 9-C2, 9-C4, 9-C5)**

- **Filed On (Applicant):** Form ADV/BD/U4 for BOK Financial Securities, Inc.

- **CRD Number:** 17530

- **Disclosure Number:** 2020093

### Execution Page

**Signature:** Jon Swanson

**Signer Name:** Jon Swanson

**Title:** Chief Compliance Officer

**Date:** 01-17-2023

**CRD Number:** 5010899