How To Start A Broker Dealer

Starting your own Broker Dealer can have many benefits. Whether your firm is looking to start a Broker Dealer from scratch or buy a Broker Dealer, CXG can successfully guide you through the process and to the finish line. Our experience with everything Broker Dealer gives our clients an advantage that translates to faster approvals with all regulatory agencies including FINRA.

Starting a Broker Dealer? – We Can Help!

CXG can help you get started under any type of license, whether you need approval for Equities, M&A, Private Placements, Mutual Funds, VLA or Money Management – we can get you there.

Our Services Include:

• Initial consultation
• Assign principal registrations and executive positions
• CRD and Form NMA process
• Prepare and submit Form BD
• Provide you with Outsourced principals (if required)
• Corporate structure documentation
• Capital funding and accounting systems
• Business plan
• Filling out and submitting of Form U4’s
• Written Supervisory Procedures
• State registration assessment and application
• Fidelity bond application
• Anti-Money Laundering Compliance Program
• Customer Identification Program
• Clearing firm selection, and document review
• Internal processes, procedures, and documents (such as new account docs)
• Business Continuity Plan
• Lost and Stolen Securities Program registration
• Follow up and liaison with FINRA, to streamline the process
• FINRA membership interview preparation