Broker Dealer Counsel Lawyer

Choosing the right business entity, creating effective compliance programs, drafting written supervisory procedures, preparing for the FINRA interview and ensuring there is enough net capital are just a few of the many moving parts that must come together as part of the broker-dealer formation process.

At JLG, we offer extensive experience in all aspects of broker-dealer entity formation and registration, including the purchase, sale, merger or acquisition of existing broker-dealer entities.

JLG works closely with clients from the beginning to thoroughly understand their business and the unique goals and challenges of the client. Once this information is obtained we then create a project calendar detailing the projects which must be completed for the membership application, the estimated amount of time for completing each task and the JLG team members who will be involved in the formation project. Throughout the entire process, we maintain an open and ongoing dialogue both with our clients and with the regulatory agencies involved.

A partial listing of the broker-dealer formation services which our legal professionals can provide includes:

• Corporate formation (LLCs, S-Corps, etc.)
• SEC and FINRA (formerly NASD) application processes
• Assistance in completion of all registration documents, including Form BD, Form NMA (the new member application), business plan and submission of supporting documents
• Creating Written Supervisory Procedures (WSPs) and necessary brokerage forms and agreements
• Transition processes for moving from one broker-dealer to another
• Assistance with Rules 3010, 3012 and 3013 requirements (CEO Certification)
• OATS filings
• Mock regulatory exams (including branch office locations)
• Anti-Money-Laundering (AML) programs
• Regulation S-P (privacy policies)
• Customer complaint responses
• Compliance with books and records requirements
• Continuing education requirements
• Licensing and registration of entities and personnel
• Broker-dealer advertising and sales literature reviews
• Business continuity and disaster recovery plans (BCP)
• Broker-dealer sales transactions and practices
• Surveillance solutions and creation of exception reports
• Guidance to regulatory and compliance issues, concerns and interpretations

Jacko Law Group, PC assists clients throughout the United States in all phases of broker-dealer formation.

For more information or to speak with a securities attorney — contact our San Diego law office directly at 619-298-2880 or contact us online.