Your Existing Broker/Dealers Ownership, Control, or Operations
Whether a member firm encounters a merger, acquisition, or a restructure
of equity ownership, certain regulatory steps need to be taken to
ensure proper notification and approval. An NASD member firm that
wishes to change its existing ownership, control, or operations, must
first file for a continuance in membership with the NASD. Depending
on your specific needs, we can personally guide you through the entire
process, provide you with a comprehensive do-it-yourself program,
or merely provide guidance on an "as needed" basis.
Our Full-Service Continuance Membership Agreement package includes
Provide Supervisory Procedures designed to protect the firm and
satisfy NASD requirements.
Completion of SEC Rule 15c3-1 Net Capital Computation with all
appropriate supporting documentation.
Financial Statement and Internal Control Review of trial balance,
supporting schedules, clearing statements, bank statements and
reconciliation. Additionally, the NASD requires that an analysis
of the firm's financial internal controls be included in the CMA
The NASD requires an analysis of the experience, disciplinary
history, and continuing responsibilities of your supervisory personnel.
We can provide the firm with the required analysis of the buyer's
capital, purchase agreements, and documentation of funding.
We can provide you with a continuing education need analysis and
training plan. We also assist in the implementation and documentation
of the training plan.
Analyze your firm's record keeping system as required by the NASD.
Prepare and review additional requirements such as analysis of
Company's proposed operations, organization chart, list of offices,
description of facilities, completed Form BD, copies of all required
contracts and proposed contracts, and fidelity bond analysis.
Accompany you to the NASD Pre-Membership Interview.
We will compile and prepare all the required documentation for
the Continuance Membership Agreement process in a professional
portfolio and submit it to the NASD. Additionally, we will quickly
respond to any request from the NASD for additional information
or clarification of material submitted.
our in-depth knowledge of the Continuance Membership Agreement process
to help you efficiently manage the application process and avoid undue
costs. For more information regarding our Continuance Membership Agreement
services, please contact us at 818-386-6900.