The purchase of a broker dealer or its assets, addition of new business lines to an existing broker dealer or just changing the ownership structure within an organization is subject to FINRA Rule 1017 approval.

The 1017 application can be very time consuming and confusing. Best described as a back and forth tug-of-war between FINRA’s flurry of regulatory deficiency letters and the firm’s attempt at satisfying those deficiencies the 1017 process can be quite daunting.

Wall Street’s experienced staff of compliance experts and industry specialists are there to manage all your 1017 requirements.

Our services include:

  • Preparing the 1017 application
  • Ensuring Rule 1014 standards
  • Creating organizational charts and supervisory structure
  • Creating pro formas, supervisory procedure manuals, ethics policies and disaster recovery plans
  • Updating Form BD
  • Liaison with FINRA to facilitate the application process