Washington Form BD — Uniform Application for Broker-Dealer Registration is a form that must be completed by broker-dealers that are registered in the state of Washington. Broker-dealers are individuals or firms that buy and sell securities on behalf of clients. The form is used to register a broker-dealer or a branch office of a broker-dealer with the Washington State Department of Financial Institutions (DFI). It requires information about the applicant’s business operations, financial condition, capitalization, and background. There are three types of Washington Form BD — Uniform Application for Broker-Dealer Registration: Initial Application, Amendment, and Renewal. The Initial Application is used to register a broker-dealer or branch office for the first time. The Amendment is used to update information from the Initial Application. The Renewal is used to register a broker-dealer or branch office for subsequent years.
Washington Form BD - Uniform Application for Broker-Dealer Registration
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How to fill out Washington Form BD - Uniform Application For Broker-Dealer Registration?
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FAQ
Form BD is the Uniform Application for Broker-Dealer Registration. Broker-Dealers must file this form to register with the Securities and Exchange Commission, the self-regulatory organizations, and jurisdictions through the Central Registration Depository (?CRD?) system, operated by FINRA.
To apply for registration, you must file one executed copy of Form BD through the Central Registration Depository ("CRD"), which is operated by FINRA. (The only exception is for banks registering as municipal securities dealers, which file Form MSD directly with the SEC and with their appropriate banking regulator.)
SEC Form BD (the "Uniform Application for Broker-Dealer Registration") requires that the applying company disclose background information, including management policies that direct the firm, the names of executives and general partners, successor information, and any current legal proceedings or previous securities
Broker-Dealers must file Form BD through the Central Registration Depository (CRD) system, operated by the Financial Industry Regulatory Authority (FINRA).
The initial Hard Copy Form BD must bear an original signature on behalf of the Applicant (mechanical reproductions are not acceptable) and the signature date field must reflect a complete month, day and year.
The Form BD is the Uniform Application for Broker-Dealer registration with the SEC, SROs and jurisdictions. It provides background information on the applicant and the nature of its business.
Most "brokers" and "dealers" must register with the SEC and join a "self-regulatory organization," or SRO. This section covers the factors that determine whether a person is a broker or dealer. It also describes the types of brokers and dealers that do not have to register with the SEC.