Registered Representative Licensing
Hands-on guidance through every step of the complex registration process.
As a registered representative, it’s essential to comply with all relevant securities laws and regulations. Among industry requirements, you must comply with FINRA Rules, which mandate your participation in an annual compliance meeting to formally discuss regulatory and compliance matters relevant to your activities.
We understand the complexities of the registration process. Whether you’re new or expanding, ACA Foreside offers guidance for a seamless experience.
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What Do You Need Help With?
Our registered representative services streamline your FINRA licensing needs for registered and private funds. Our comprehensive services include:
Manage Rep registrations, exam requests, U4 amendments, and annual renewals to stay compliant with FINRA and state regulations.
Oversee technology systems to monitor Rep data, issue compliance questionnaires and policy attestations, collect books and records, and supervise Reps.
Deliver a comprehensive compliance manual and related broker-dealer procedures to keep Reps informed of their responsibilities.
Ensure the capture and surveillance of Rep electronic communications to maintain compliance with regulatory standards.
Organize and execute an annual compliance meeting for all Reps to maintain awareness and adherence to policies.
Conduct periodic office inspections to monitor compliance and identify any potential issues or improvements.
Oversee the FINRA Firm Element Continuing Education (CE) Program annually and tracki Rep completion of regulatory CE requirements.
Provide the necessary training and establish supervising principals at Office of Supervisory Jurisdiction (OSJ) locations, when applicable.
Why ACA Foreside?
ACA Foreside provides specialized support for all your registered representative licensing needs. By choosing ACA Foreside, you gain access to a trusted partner dedicated to ensuring smooth, efficient, and compliant processes. Discover why we’re the premier choice for licensing services:
Expert Knowledge
Extensive experience managing FINRA and state registrations, exam requests, and annual renewals to ensure compliance.
Comprehensive Compliance
Oversees all aspects of Rep supervision, including issuing compliance questionnaires and tracking regulatory requirements.
Efficient Technology
Uses advanced systems to streamline Rep data management, compliance reporting, and tracking.
Custom Training and Manuals
Provides tailored compliance manuals and training to ensure Reps meet regulatory standards.
Ongoing Monitoring
Ensures continuous oversight and surveillance to maintain ongoing compliance.
Regulatory Excellence
Keep your firm up to date on the latest regulatory changes and requirements.
Partner with ACA Foreside to optimize your compliance.
Let’s explore how ACA’s Registered Representative Licensing
FAQs
Registered Representative Licensing
Who must register as a representative?
Registration is required for anyone facilitating, assisting, or inducing the purchase or sale of securities through a registered SEC broker/dealer, as per the Securities Exchange Act of 1934.
Do individuals that wholesale securities products to other broker/Dealers need to be registered
Yes, individuals wholesaling securities must register with a FINRA member broker/dealer. [FINRA Rule 1210]
Do individuals only selling exempt securities need finra registration?
Yes, even when dealing with exempt securities or transactions, registration is still required.
Does an individual need to register if he/She is participating in a capital raise?
Yes, individuals soliciting investors or being compensated for it must register as a broker or be associated with a registered broker-dealer.
Is there an exemption from registration with a broker/Dealer?
Yes, the Issuer Exemption under SEC Rule 3a4-1 allows certain associated persons of an issuer to avoid registration, provided specific criteria are met.
What about a finder’s exemption?
Finders who merely connect buyers and sellers for a fee, without actively participating in the transaction, generally don’t need to register.
What activities can I engage in without having to be registered with a broker-dealer?
You can perform administrative tasks, send marketing materials as directed by a registered individual, and engage in other passive or clerical duties.
How do I know if I need to be registered with a broker-dealer?
If you’re involved in securities transactions, receive compensation based on the transaction’s outcome, or facilitate securities offerings, you may need to register.
What is the risk of not registering?
Operating as an unregistered broker-dealer can lead to SEC/state enforcement, penalties, and potential lawsuits.
Does ACA Foreside help with licensing waivers?
ACA Foreside applies for waivers for licenses (except 24) after conducting pre-due diligence, requiring a rep’s resume.
What is the SIE exam?
The Securities Industry Essentials (SIE) exam tests basic securities knowledge and is an entry-point exam, allowing individuals to take the corresponding “top-off” exam to engage in securities activities.
Can I park my license with Foreside?
ACA Foreside cannot “park” or “hold” licenses. All individuals must meet ongoing qualification and registration requirements.
Can Foreside support clients with products that involve blockchain?
ACA Foreside reviews blockchain-related products for compliance, including investment objectives, security protocols, and SEC registration, if applicable.
What if a wholesaler sells 529’s and has a certain license associated with it? Can Foreside hold that?
ACA Foreside generally does not support 529 plans as they are considered municipal securities, but reps can market mutual funds within those plans.
