FINRA Annual Registration Renewal Season is Underway

FINRA’s annual registration renewal season is underway. Accordingly, broker-dealer firms should begin to review their preliminary statement from CRD as well as the preliminary statement regulatory notice (Regulatory Notice 19-35) , and then prepare for payment and filing deadlines. Importantly, for registered representatives, this is the time of year to review your current registrations and consider whether it is appropriate to terminate registrations in states where registration may no longer be necessary. For example, if you no longer have clients in a state because they have moved elsewhere, you might consider dropping that registration and saving money on renewal fees. Of course, be sure to carefully check your client list as well as your future business plans, to ensure that you remain registered in each jurisdiction where registration is necessary.