Get Finra Fp-nma

This guide provides comprehensive instructions for completing the FINRA Funding Portal – New Member Application (FP-NMA) online. It is designed to assist users at all experience levels in navigating the required components of the form efficiently.

Follow the steps to complete the FINRA FP-NMA application form.

1. Click ‘Get Form’ button to obtain the form and access it in your preferred editing program.
2. In the Application Contact Information section, input the primary contact's information including their first name, last name, email address, and phone number. This person will be the point of communication during the review process.
3. Proceed to the General Information section. Provide the business details of the Funding Portal Applicant including the full name, SEC file number, alternative business names, business address, and website addresses. Specify the legal status of the business, state or country of formation, and date of formation. Ensure to attach any necessary corporate formation documents.
4. In the Ownership section, confirm if the SEC Form Funding Portal is accurate. If not, select ‘No’ and provide explanations for any discrepancies. Attach an organizational chart depicting ownership structure and percentage interests held by entities and individuals.
5. Moving to the Associated Persons section, list the executive officers including names and CRD numbers. If applicable, provide email addresses for each officer. Also, attach an organizational chart showing the supervisory personnel.
6. For the Activities, Procedures, and Controls section, describe the funding portal's business model and activities in detail. Include information about forms of compensation, types of securities, and limitations on issuers. Also, detail the recordkeeping policies and procedures, and attach the written procedures addressing key subjects outlined in the form.
7. In the Restricted or Prohibited Activities section, attach a signed statement indicating adherence to federal securities laws. Include written procedures ensuring compliance with prohibited actions.
8. Describe the systems and contractual relationships the funding portal will utilize, including operational systems and business relationships. Attach relevant contracts or agreements associated with these relationships.
9. In the Funding section, identify sources of funding and provide necessary documentation evidencing capital contributions. Include bank statements and checks that reflect funding history.
10. Discuss ongoing operations by attaching any expense sharing agreements and describing plans for future funding as needed.
11. For Disclosure Information, answer whether there are any pending regulatory actions involving the FP Applicant or associated persons. If yes, provide details of each event along with associated names and roles.
12. Finally, in the Designated Signatory section, certify that all information is accurate and complete. Provide the date of execution and print the executive officer’s name for record-keeping.
13. Once all fields are completed, save your changes, and consider downloading, printing, or sharing the completed form as needed.

Complete your FINRA FP-NMA application online today to ensure a smooth submission process.