Securities Firm/Agent Chart

Division of Securities

Securities Firms/Agents/Branches
Application Requirements
See Chapter 517.12 Florida Statutes

Firm Application Requirements / Firm Compliance Requirements / Branch Office Application & Compliance Requirements /
Associated Person Application and Compliance Requirements

SECURITIES FIRMS
APPLICATION TYPE	BROKER/ DEALER NASD Member	INVESTMENT ADVISER Federal Covered Adviser Registered With SEC, Notification filing in Florida	INVESTMENT ADVISER State Covered Adviser and Principal Place of Business Is In Florida	INVESTMENT ADVISER State Covered Adviser and Principal Place of Business is Outside Florida	ISSUER/ DEALER Eleemosynary or Religious Organizations	ISSUER/ DEALER Organizations other than Eleemosynary or Religious
LICENSE TYPE	BD	IA	IA	IA	ID	ID
FEE Check Payable to: Department of Financial Services	$200 - Paid through NASDR/WebCRD	$200 - Paid through NASDR/IARD	$200 - Paid through NASDR/IARD	$200 - Paid through NASDR/IARD	$200	$200
FORM	Submit BD form through: NASDR/WebCRD Phone No. (301) 590-6500 http://www.nasdr.com/	Submit ADV form through: NASDR/IARD Phone No. (240) 386-4848 http://www.iard.com/	ADV form Part I submitted electronically through: NASDR/IARD Phone No. (240) 386-4848 http://www.iard.com/	ADV form Part I submitted electronically through: NASDR/IARD Phone No. (240) 386-4848 http://www.iard.com/	BD www.nasd.com	BD www.nasd.com
AUDITED FINANCIALS (In accordance with GAAP)	Required if firm in business over 1 year	None	Required if (A) client funds or securities are held, or advisory fees are prepaid 6 months or more in advance, Or (B) Applicant elects to compute net capital per SEC Rule 15c3-1	None	Required	Required
DESIGNATION OF CPA	None	None	Required for audited statements	None	Required	Required
UNAUDITED FINANCIALS (Includes at least a Balance Sheet, Income Statement, and a Statement Notarized By An Officer That All Information Is True And Correct; must be in accordance with GAAP)	Required if audited financials over 90 days old, or if audited not available and firm in business under 1 year	None	Acceptable instead of audited if (C) client funds and securities are not held and advisory fees are not prepaid 6 months or more in advance, and applicant does not elect to compute net capital per SEC Rule 15c3-1	Submit notarized statement of current compliance with IA regulations of state where principal place of business is located	Required if audited financials are over 90 days prior to date of filing	Required if audited financials are over 90 days prior to date of filing
NET CAPITAL REQUIREMENT	Same as NASD	None	If (A) above $25,000 If (B) above $5,000 If (C) above $2,500	Same as state where principal place of business is located	$5,000 if amount of offering < $250,000; $25,000 if amount of offering > $250,000	$5,000
APPLICATION FOR QUALIFYING PRINCIPAL	File Through CRD and identify person to State	None (However, all Agents located in FL must be registered)	File Through CRD and identify person to State	File Through CRD and identify person to State	Required, and identify name of person	Required, and identify name of person
SEC APPROVAL	Required	Required	None	None	None	None
SIPC INSURANCE	Required	None	None	None	None	None
DISCIPLINARY DOCUMENTS	Upon Request	None	Upon Request	Upon Request	Upon Request	Upon Request
ORGANIZATION DOCUMENTS	Upon Request	None	Upon Request	Upon Request	Upon Request	Upon Request
ISSUER/DEALER COMPLIANCE FORM	None	None	None	None	Required	Required
OTHER DOCUMENTS	Upon Request	None	Upon Request	Upon Request	Upon Request	Upon Request
APPLICABLE FLORIDA ADMINISTRATIVE CODE RULES	69W-200, Definitions 69W-300, Applications 69W-301, Procedural Rules for Processing 69W-600, Registration of Dealers, Investment Advisors, Associated Persons				69W-200, Definitions 69W-300, Applications 69W-301, Procedural Rules for Processing 69W-400, Exempt Securities 69W-500.011, Registration of Issuer under 517.061(11), FS, as a dealer 69W-600, Registration of Dealers, Investment Advisors, Associated Persons

SECURITIES FIRMS COMPLIANCE REQUIREMENTS
APPLICATION TYPE	BROKER/ DEALER NASD Member	INVESTMENT ADVISER Federal Covered Adviser Registered With SEC, Notification filing in Florida	INVESTMENT ADVISER State Covered Adviser and Principal Place of Business Is In Florida	INVESTMENT ADVISER State Covered Adviser and Principal Place of Business is Outside Florida	ISSUER/ DEALER Eleemosynary or Religious Organizations	ISSUER/ DEALER Organizations other than Eleemosynary or Religious
RENEWAL FEE (ANNUALLY)	$200 - Paid through NASDR/WebCRD	$200 - Paid through NASDR/IARD	$ 200 paid through NASDR/IARD	$200 paid through NASDR/IARD	$200	$200
RENEWAL DEADLINE	12/31	12/31	12/31	12/31	12/31	12/31
REINSTATEMENT FEE (Required along with Renewal Fee, if renewal fee received after deadline)	$200	$200	$200	$200	$200	$200
REINSTATEMENT DEADLINE	1/31	1/31	1/31	1/31	1/31	1/31
REINSTATEMENT RETROACTIVE (To 12/31 of prior year)	YES	YES	YES	YES	YES	YES
FORM	Invoice by CRD	Invoice by IARD	Invoice by IARD	Invoice by IARD	Invoice	Invoice
AUDITED FINANCIALS (In accordance with GAAP)	None - File with NASD	None	Same as initial requirements	Same as initial requirements	None	Required
UNAUDITED FINANCIALS (Includes Balance Sheet, Income Statement & a Notarized Statement that it is true and correct; in accordance with GAAP)	None	None	Same as initial requirements	Same as initial requirements	None	None
NET CAPITAL REQUIREMENT	Same as NASD	None	Same as initial requirements	Same as initial requirements	Same as state of principal place of business	Same as initial requirements
DEADLINE TO FILE FINANCIALS	None	None	90 Days after FYE	None	90 Days after FYE	90 Days after FYE
BOOKS AND RECORDS REQUIRED	SEC Rules 17a-3, 17a-4	SEC Rule 204-2. No state records requirement for investment adviser	SEC Rule 204-2. Rule 69W-600.014.FAC	Must meet requirements for state where domiciled	Rule 69W-600.014, FAC	See Rule 69W-600.014, FAC
AMENDMENTS (To report any changes)	FORM BD Filed through CRD	FORM ADV file through IARD	FORM ADV file through IARD	FORM ADV file through IARD	FORM BD www.nasd.com	FORM BD www.nasd.com
CHANGE OF CONTROL (to report a change where a person or group of persons proposes to acquire a controlling interest in a dealer or investment adviser registrant)	BD amendment filed through CRD if acquirer has no reportable act or is currently registered in Florida; otherwise submit new application/fee directly to Florida for successor firm	None	ADV amendment if acquirer has no reportable act or is currently registered in Florida; otherwise submit new application/ fee directly to Florida for successor firm	ADV amendment if acquirer has no reportable act or is currently registered in Florida; otherwise submit new application/fee directly to Florida for successor firm	BD amendment if acquirer has no reportable act or is currently registered in Florida; otherwise new application/ fee directly to Florida for successor firm	BD amendment if acquirer has no reportable act or is currently registered in Florida; otherwise new application/ fee directly to Florida for successor firm
TERMINATION	BD-W through CRD	ADV-W through IARD	ADV-W through IARD	ADV-W through IARD	BD-W www.nasd.com	BD-W www.nasd.com

SECURITIES BRANCH OFFICES
BRANCH TYPE	BRANCH OFFICE OF SUPERVISORY JURISDICTION (OSJ)	BRANCH OFFICE OF NON- SUPERVISORY JURISDICTION (NON-OSJ)
LICENSE TYPES	BDB, IAB, IDB
FEE	$ 100	$ 100
FORM	Form BR	Form BR
MANAGER	Registered as principal in Florida and office of employment address on Form U-4 matches branch address	Registered as principal in Florida
PERSON-IN-CHARGE	None	Registered as agent in Florida and office of employment address on Form U-4 matches branch address
REGISTRATION WITH SECRETARY OF STATE	Required unless firm is incorporated in Florida or is exempt from registration with Secretary of State	Required unless firm is incorporated in Florida or is exempt from registration with Secretary of State
COMPLIANCE REQUIREMENTS
RENEWAL FEE (ANNUALLY)	$ 100	$ 100
RENEWAL DEADLINE	12/31	12/31
REINSTATEMENT FEE (Required along with Renewal Fee, if renewal fee received after deadline)	$100	$100
REINSTATEMENT DEADLINE	1/31	1/31
FORM	Invoiced by CRD	Invoiced by CRD
BOOKS AND RECORDS REQUIRED	None; state rules pre-empted by NSMIA.	None at this time; state rules pre-empted by NSMIA.
AMENDMENTS (To Report Any Changes)	Form BR	Form BR
TERMINATION	Form BR	Form BR
APPLICABLE FLORIDA ADMINISTRATIVE CODE RULES	69W-200, Definitions 69W-301, Procedural Rules for Processing 69W-600, Registration of Dealers, Investment Advisors, Associated Persons

ASSOCIATED PERSONS AGENTS AND PRINCIPALS
APPLICATION TYPE	Agent Or Principal Of Broker/ Dealer (NASD)	Agent Of a Federally Covered Investment Adviser	Agent/Principal Of a State Covered Investment Adviser	Agent Of Issuer/ Dealer	Principal Of Issuer/Dealer
LICENSE TYPE	BDA	IAA	IAA	IDA	IDA
FEE	$50 filed through CRD	$50 filed through CRD	$50 filed through CRD	$50	$50
FORM	U-4 filed through CRD	U-4 filed through CRD	U-4 filed through CRD	U-4	U-4
QUALIFYING PRINCIPAL DESIGNATION	Same as NASD	None (However, all RA's in Florida must be registered)	Written request for Principal Designation	None	Written request for Principal Designation
QUALIFICATION EXAMINATIONS (Passed within last 2 years) OR	Same as NASD	Either - Series 65; or Series 7 & 66 (combination required)	Either - Series 65; or Series 7 & 66 (combination required)	Required if more than 5 persons registered - One of these exams: S6; S7; S22; S24; S26; S27; S28; S39; S53; S65; or S66 and S7 (combination required)	Required if more than 5 persons registered - One of these exams: S24; S26; S27; S28; S39; S53; S65; or S66 and S7 (combination required)
REGISTRATION HISTORY (Active within last 2 years) OR	Same as NASD	Registered as an investment adviser (Sole Proprietor) or IA representative in any jurisdiction in the U.S.	Registered as an investment adviser (Sole Proprietor) or IA representative in any jurisdiction in the U.S.	Registration with NASD relating to position to be filled as agent; or registration with Florida in capacity to be filled	Registration with NASD relating to position to be filled as Principal; or registration with Florida in capacity to be filled
ACCEPTED DESIGNATIONS (Status must be current)	None	CFP; ChFC; PFS; CFA; CIC	CFP; ChFC; PFS; CFA; CIC	CFP; ChFC; PFS; CFA; CIC	CFP; ChFC; PFS; CFA; CIC
EXCEPTIONS TO QUALIFICATION REQUIREMENTS	None	None	None	No qualification requirements if fewer than 5 persons registered and I/D Compliance Form on file	No qualification requirements if fewer than 5 persons registered and I/D Compliance Form on file
FINGERPRINT CARD AND $42.25 PROCESSING FEE *Required unless prints on file through CRD with current employer	None if NASD filing requirements have been met	* If required, fees and cards must be sent directly to the Office (must be a Florida Division of Securities Fingerprint card)	* If required, fees and cards must be sent directly to the Office (must be a Florida Division of Securities Fingerprint card)	*	*
DISCIPLINARY DOCUMENTS	Upon Request	Upon Request	Upon Request	Upon Request	Upon Request
COMPLIANCE REQUIREMENTS
RENEWAL FEE (Annually)	$50 paid Through CRD	$50 paid through CRD	$50 paid through CRD	$50	$50
RENEWAL DEADLINE	12/31	12/31	12/31	12/31	12/31
REINSTATEMENT FEE (Required along with Renewal Fee)	$50	$50	$50	$50	$50
REINSTATEMENT DEADLINE	1/31	1/31	1/31	1/31	1/31
REINSTATEMENT RETROACTIVE (to 12/31 of prior year)	YES	YES	YES	YES	YES
FORM	None beyond NASD requirements	Invoiced by CRD	Invoiced by CRD	Invoice	Invoice
AMENDMENTS (To Report Changes)	U-4 Filed through CRD	U-4 Filed through CRD	U-4 Filed through CRD	U-4	U-4
TERMINATION	U-5 Filed through CRD	U-5 Filed through CRD	U-5 Filed through CRD	U-5	U-5
APPLICABLE FLORIDA ADMINISTRATIVE CODE RULES	69W-200, Definitions 69W-301, Procedural Rules for Processing 69W-600, Registration of Dealers, Investment Advisors, Associated Persons				69W-200, Definitions 69W-301, Procedural Rules for Processing 69W-600, Registration of Dealers, Investment Advisors, Associated Persons