1 Miss. Code. R. 14-5.01 - Application for Broker-Dealer

A. To apply for registration, FINRA-member broker-dealers shall submit the following information to the Division through the CRD:

1. Form BD, or a successor form.

2. A statement of net capital or such financial statements as required by FINRA or the SEC which indicate net capital.

3. A balance sheet prepared in accordance with generally accepted accounting principles. Attached to every balance sheet shall be an oath or affirmation that such statement is true and correct to the best knowledge, information, and belief of the person making such oath or affirmation after a diligent inquiry. If the broker-dealer is a sole proprietorship, the oath or affirmation shall be made by the proprietor; if a partnership, by a general partner; if a corporation, by a duly authorized officer; and if a trust, by a trustee. In lieu of the above, the most recent financial statements as required by FINRA or the SEC may be filed. In any case, the financial information must be dated not more than ninety (90) days prior to the date of filing.

4. The registration fee as specified in Rule 4.13 shall be submitted to the CRD.

B. To apply for registration, non-FINRA-member broker-dealers shall submit the following information to the Division at the address set out in Rule 1.01:

1. Form BD, or a successor form.

2. A surety bond as provided in Rule 5.05.

3. A statement of net capital.

4. A balance sheet prepared in accordance with generally accepted accounting principles. The balance sheet must be dated not more than ninety (90) days prior to the date of filing. Attached to every balance sheet or financial statement which is required shall be an oath or affirmation that such statement is true and correct to the best knowledge, information, and belief by the person making such oath or affirmation after a diligent inquiry has been made. If the broker-dealer is a sole proprietorship, the oath or affirmation shall be made by the proprietor; if a partnership, by a general partner; if a corporation, by a duly authorized officer; and if a trust, by a trustee.

5. The registration fee as specified in Rule 4.13.

Notes

1 Miss. Code. R. 14-5.01

Miss. Code Ann. §§ 75-71-401, -406 (2020).

Amended 6/3/2018 Amended 4/18/2022 Amended 1/29/2024 Amended 3/14/2024