Division of Securities

ISSUER/DEALERS

Submit all forms to:

Office of Financial Regulation

200 E. Gaines Street
Tallahassee, FL 32399-0375

Application Fee: $200 - Check payable to Department of Financial Services

Form BD: Current and complete application form, with original signatures and notarization. (Any application submitted without the requisite fee will be returned to the applicant without processing.)

Exhibits:

Form BD attachments (if applicable)

Copy of prospectus

Issuer/dealer Compliance form

Organizational documents

CPA designation

Financial Statements:
Submit audited statements for the firm's most recent fiscal year end. In addition, if the financial is more than 90 days prior to the date of application, submit an unaudited financial that is dated within 90 days of the application date. The quarterly Focus Report is acceptable for this requirement.

Registration of a Qualifying Principal:
An application and fee must simultaneously be filed to register at least one associated person in the capacity of a Qualifying Principal. Refer to the "Associated Person of an Issuer/Dealer Application Requirements" for more information.

Additional Information as Required:
The Office has the authority to request additional information as it deems necessary.

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REQUIREMENTS FOR MAINTAINING REGISTRATION AS AN ISSUER/DEALER

 

Amendments to Form BD:
All registered issuer/dealers shall submit changes to the Form BD with the Office within thirty (30) days of such change. This includes information relating to ownership, disciplinary matters, and financial condition. The amendment must include the execution page and only the pages with items to be amended with the changes circled pursuant to Rule 69W-600, F.A.C.

Financials:
All statements must be audited and include at least a balance sheet and income statement. Statements shall be prepared in accordance with Generally Accepted Accounting Principles (GAAP), and shall be filed within 90 days of the registrant's fiscal year end pursuant to Rule 69W-300.002, F.A.C.

Branch Office registration:
For any location in Florida required to be registered as a branch office pursuant to Rule 69W-200.001, F.A.C., approval must be obtained from the Office through the branch office application process prior to operation of any such office. See Branch Office Requirements and Registration Form.

Registration of associated persons:
Every issuer/dealer must maintain at least one registered Principal with the Office at all times. Should the sole Principal be terminated, another Principal must be registered within thirty (30) days after such termination.

Renewal requirements:
Renewal for firms and agents is conducted in Florida on a calendar year-end basis and the renewal deadline is December 31st of each year. The Office will mail renewal invoices in November of each year, however, it is incumbent upon the registrant, not the Office, to ensure that the renewal payment is submitted timely. The renewal fee is $200 for the firm and $50 for each associated person.

Firms and Agents:
Renewal for firms and agents is conducted in Florida on a calendar year-end basis and the renewal deadline is December 31st of each year. The Office will mail renewal invoices in November of each year; however, it is incumbent upon the registrant, not the Office, to ensure that the renewal payment is submitted timely. The renewal fee is $200 for the firm and $50 for each associated person.

Branches: The renewal deadline for branch office registration renewal is December 31st of each year. The Office will mail renewal invoices in November of each year; however, it is incumbent upon the registrant not the Office, to ensure that the renewal payment is submitted timely. The renewal fee is $100 per branch.

NOTE: This information is not a comprehensive summary of the rules and regulations governing compliance with Florida law. It is merely a checklist to assist registrants with filing requirements. Refer to Chapter 517, F.S., or contact the Office, for more information.