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1017 Business Changes, Expansions, and Broker/Dealer Acquisitions


Rule 1017 governs the process for a change in ownership, control, or business operations. FINRA approval is required for a number of different types of changes in firm organization, including certain mergers, acquisitions, asset transfers, and material changes to the business.

 

Rule 1017 specifies when and what type of information needs to be submitted to the district office in order to seek approval in advance of the organization change. A Rule 1017 application must be submitted at least 30 days before a change is scheduled to occur.

 

The HedgeCo Legal and Compliance Consulting Group provides an experienced staff and a network of lawyers, accountants, and Registered Principals who can assist your firm's compliance officer or serve in a full capacity on behalf of the firm to prepare, file, and facilitate 1017 applications. Our services include:

 

  1. Preparing the 1017 application

  2. Compliance with Rule 1014 standards

  3. Determining the structure of the new organization

  4. Review of the membership agreement

  5. Liaison with the appropriate FINRA Distract Office to facilitate the application

 

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