Florida Administrative Code › 69 - DEPARTMENT OF FINANCIAL SERVICES › 69W - Securities › Chapter 69W-600 - REGISTRATION OF DEALERS, INVESTMENT ADVISERS, ASSOCIATED PERSONS › Section 69W-600.0012 - Application for Registration as a Dealer (Non-FINRA)

Current through Reg. 50, No. 138; July 16, 2024
(1) New Applications.
(a) Applicants for initial registration of
				dealers that are not members of the Financial Industry Regulatory Authority
				(FINRA) shall file the Uniform Application for Broker-Dealer Registration (Form
				BD) electronically on the Office of Financial Regulation's website at
https://real.flofr.com
through the
				Regulatory Enforcement and Licensing System (REAL) System as prescribed by the
				Financial Services Commission (Commission). The application shall include all
				information required by such form, any other information the Office may
				require, and payment of the statutory fees required by Sections
				517.12(9) and
				517.131, F.S. The application
				shall be deemed received on the date the Office issues a confirmation of
				submission and payment to the applicant via the Office's website. Every
				application or amendment filed pursuant to this rule shall constitute a
				"written application" within the meaning of Section
				517.12(5),
				F.S.
(b) An application shall
				include the following:
1. Form BD, Uniform
				Application for Broker-Dealer Registration (5-23), which is hereby incorporated
				by reference and available at
http://www.flrules.org/Gateway/reference.asp?No=Ref-16503
or from the Office at
https://flofr.gov/sitePages/MaterialsDS.htm
;
2. Statutory fee in the amount required by
				Section 517.12(9),
				F.S.;
3. A Uniform Application for
				Securities Industry Registration or Transfer (Form U4) (05/2009), to register
				at least one principal as set forth in this rule. The Form U4 is hereby
				incorporated by reference and available at
http://www.flrules.org/Gateway/reference.asp?No=Ref-12552
.
				In conjunction with filing its Form BD with the Office, the dealer shall
				provide the Office written notification of the principal's name and social
				security number. Social security numbers are collected by the Office pursuant
				to Section 517.12(6)(a),
				F.S., and are used to verify the identity of individuals;
4. Financial statements and reports required
				under paragraph 69W-600.0151(4)(a)
				and Rule 69W-600.017, F.A.C.;
5. Proof of effective registration with the
				Securities and Exchange Commission (SEC). Where required by Section
				517.12(15),
				F.S., applicants shall also provide the Office with proof of insurance coverage
				by the Securities Investor Protection Corporation. Evidence of current
				membership as a dealer with the SEC shall satisfy this requirement;
6. Any direct or indirect owner or control
				person required to be reported on Form BD, pursuant to Section
				517.12(6),
				F.S., shall comply with the fingerprinting requirements in accordance with
				subsection (7) of this rule; and,
7. A copy of the articles of incorporation
				and amendments thereto, if a partnership, a copy of the partnership agreement,
				or if a limited liability company, a copy of the articles of
				organization.