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Renewal Filings by Broker-Dealer Firms

Renewal Filings by FINRA Broker-Dealer Firms

FINRA member firm must submit its renewal application and fee through WebCRD before the end of the calendar year. Please see FINRA's website for filing deadlines. The renewal fee is $250.00.

A financial statement, prepared and submitted on either calendar or fiscal year basis, must be mailed directly to the Securities Bureau of DISB. Rule 114.1 says that each licensed Broker-Dealer must annually file with DISB on a calendar or fiscal year basis a financial report. The report shall be filed not more than 90 days following the end of the reporting period elected by the Broker-Dealer. The annual financial statement must be audited by either a qualified independent public accountant or a qualified independent certified public accountant, and must contain the information required by US Securities and Exchange Commission Rule 17a-5(d), 17 Code of Federal Regulations § 240.17a-5(d). The accountant's certificate must be submitted with the annual financial statement. Rule 114.1 states that a public accountant, certified or not, must meet the qualifications of Rule 115. To be qualified under Rule 115, a certified public accountant (CPA) must be registered and in good standing under the laws of the CPA's place of residence or principal office; a public accountant must be in good standing and entitled to practice under the laws of the accountant's place of residence or principal office. Please see Law Available Online for links to the DC Securities Act of 2000 and the implementing regulations. [For exemption from filing, please see Bulletin 05-SB-005 11/09 [PDF].

Renewal Filings by Non-FINRA Broker-Dealer Firms

Non-FINRA member firms must submit the renewal form (typically a letter from the firm) and fee directly to the DISB Securities Bureau's Lock Box [PDF] before the end of the calendar year (December 31). The renewal fee is $250.00.

A financial statement, prepared and submitted on either a calendar or a fiscal year basis, must be mailed directly to the Securities Bureau of DISB. Rule 114.1 says that each licensed Broker-Dealer must annually file with DISB on a calendar or fiscal year basis a financial report. The report shall be filed not more than 90 days following the end of the reporting period elected by the Broker-Dealer. The annual financial statement must be audited by either a qualified independent public accountant or a qualified independent certified public accountant, and must contain the information required by US Securities and Exchange Commission Rule 17a-5(d), 17 Code of Federal Regulations § 240.17a-5(d). The accountant's certificate must be submitted with the annual financial statement. Rule 114.1 states that a public accountant, certified or not, must meet the qualifications of Rule 115. To be qualified under Rule 115, a certified public accountant (CPA) must be registered and in good standing under the laws of the CPA's place of residence or principal office; a public accountant must be in good standing and entitled to practice under the laws of the accountant's place of residence or principal office. Please see Law Available Online for links to the DC Securities Act of 2000 and the implementing regulations