Broker Dealer- State Registrations and Licensing

State Registrations

Firm or agent registration in a state can be very complicated and time-consuming. Each state offers written instructions on its individual registration process; however, the SCA registration staff is familiar with the "unwritten" preferences of each state that allow the registration process to be completed faster and more efficiently. SCA not only prepares and submits a state registration package, but also monitors the progress of each state filing until the registration becomes “APPROVED”.

WebCRD and Representative Registration

Clients may outsource the entire Web CRD function to SCA staff. SCA will file all new U-4s, U-5s and amendments to Form BD, U-4 and U-5, and also file 3070 Complaint and Disclosure filings. SCA can also provide a Web CRD monitoring system for those firms who wish to use their internal staff resources more efficiently.

SCA evaluates each firm’s business and determines the frequency of monitoring needed to keep the firm in compliance. SCA will supervise all areas of CRD and notify the firm of deficiencies, renewals and upcoming continuing education requirements and will also provide the firm with Supervision Reports. SCA is also available for consultation for any Web CRD filings, DRP reporting and 3070 Complaint and Disclosure Filings. By outsourcing daily, weekly or bi-weekly monitoring to SCA, a firm can save vast amounts of time and avoid unexpected and unnecessary violations.