Start a Broker/Dealer
All you need to know about starting a FINRA registered Broker/Dealer
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:
Preparing the 1017 application
Compliance with Rule 1014 standards
Determining the structure of the new organization
Review of the membership agreement
Liaison with the appropriate FINRA Distract Office to facilitate the application