Both firms and individuals must be registered with FINRA to conduct securities transactions and business with the investing public. Firms must meet certain membership standards to attain registration.
To become registered, securities professionals are required to pass qualification exams to demonstrate competence in their particular securities activities. The information below can help guide you through the membership and registration process.
You can find FINRA’s membership requirements for BD firms in the FINRA Rule 1000 Series. This outlines the standards and procedural guidelines for the BD membership application and registration process.
Capital Acquisition Brokers
Capital Acquisition Brokers (CABs) engage in a limited range of activities. Learn more about registering or transitioning to CAB status.
Funding portal members are subject to FINRA regulatory oversight and reporting requirements. Learn about the funding portal membership application and registration process.
Firms must register any person engaged in the securities business of the firm – including salespersons, branch managers, department supervisors, partners, officers and directors – before they can take a qualification exam.