Registering a Broker-Dealer: The NMA and CMA Process Explained

Oyster Stew - A Broth of Financial Services Commentary and Insights

English - August 04, 2023 15:00 - 29 minutes - 20.3 MB - ★★★★★ - 7 ratings
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In order to become a registered broker-dealer, you must be registered with FINRA. Applying for this membership is an extensive process with multiple steps. We receive many, many questions about submitting a New Member Application (NMA) with FINRA and when a firm needs to submit a Continuing Membership Application (CMA). In this episode of the Oyster Stew podcast, Oyster’s Ed Wegener and Lisa Robinson shares their thoughts on fast-track application, when a CMA is necessary, and what to think about before submitting.

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