Please Note: FINRA Affiliated Dealers must file for Texas Registration through the CRD System

Fees - Registration as a Securities Dealer

Broker/Dealer $75
Each Officer, Partner, Member, or Agent $35
Each Texas Branch Office $25

 

 

 

 

FINRA Member Dealer

Pursuant to Board Rule 115.2(b) each dealer that is a sole proprietorship, corporation, L.L.C., or partnership must register an individual as the firm's "designated officer." The designated officer does not have be engaged in the sale or offer for sale of securities to clients. The firm must submit a letter with its application material specifying the name of the designated officer and should ensure an application to register the designated officer is submitted. 

Each agent selling or offering for sale securities in Texas must also register. Agents must register with the firm via the Central Registration Depository System (CRD) using Form U4. You may contact CRD at (301) 590-6500 for guidance.

Each applicant must meet requisite examination requirements. (Refer to Examination Requirements.)

Applicants filing for Texas Securities Dealer Registration through the Central Registration Depository of FINRA (the "CRD") must submit fees through the CRD.

In addition to filing Form BD and Form U4(s) electronically, submit the following items to:

State Securities Board
P.O. Box 13167
Austin, Texas 78711-3167

  1. Name of Control Person to be registered as designated principal.
    Note: One Control Person of a corporation, L.L.C., or partnership must be registered, even if none is actively engaged in securities activities under this registration. A letter must be submitted with application materials specifying which individual will be the designated officer.
  2. For corporations, limited liability companies and partnerships, a certified or file-stamped copy of: (1) articles of incorporation (or articles of organization) and a copy of the bylaws (or operating agreement), or (2) a copy of the partnership agreement.
  3. A balance sheet, prepared in accordance with generally accepted accounting practices, reflecting the applicant's financial condition as of a date not more than 90 days prior to the date of filing. For sole proprietor applicants, a personal balance sheet must be furnished. The balance sheet should either be audited by an independent certified accountant or otherwise be attested by executing Form 133.18 on behalf of the applicant.

Non FINRA Affiliated Dealers

In addition to the above documents, non FINRA affiliated dealers must submit fees, Form BD, and Form U4(s) directly to:

State Securities Board
P.O. Box 13167
Austin, Texas 78711-3167

Applicants Filing as a Dealer Restricted to Finder Activities

Applicants filing as a Dealer restricted to finder activities must file:

  1. Form BD
  2. Form U4
  3. Registration fee of $75, and
  4. A cover letter that includes a description of the Finder activities to:

    State Securities Board
    P.O. Box 13167
    Austin, Texas 78711-3167