Mainstay’s Broker / Dealer services provide our clients with the regulatory and compliance expertise necessary to meet the ever changing challenges of the current regulatory environment. We tailor our services to meet the needs of our clients so they can ensure compliance with the applicable rules and regulations. We don’t sell our clients a product; we deliver a solution.
FINRA Membership Process
The FINRA membership process can be a time-consuming and demanding process. Mainstay’s consulting staff includes former FINRA staff members who understand the nuances of the application process.
The critical elements to the timely and successful completion of FINRA membership include:
A complete and concise business plan;
Adequate capital to support ongoing operations;
Detailed discussion of the firm's supervisory system; and
Timely registration and qualification of all associated persons.
The registration process actually begins several months before an application is submitted to FINRA. A Mainstay consultant typically works with the applicant during this period to properly organize the business plan, complete the application and draft the documents that must be submitted with the application. FINRA’s "Tools" web page offers considerable guidance on how the required documents must be prepared.
At Mainstay, our consultants have many years of direct hands-on experience with the membership application process. As such, we are uniquely positioned to provide the assistance needed to successfully complete the FINRA membership process.
Contact a Mainstay consultant to request additional information. Regulatory and Compliance Services
Advertising & Website Review
AML Audit/Independent Testing
AML Procedures
Annual Compliance Meetings
Books and Records
Branch Office Inspections
Clearing Agreements
Compliance Procedures/Manuals Reviewed and Customized
Compliance Reviews
Continuing Education/Training
Customer Complaint Review & Form Filing
Due Diligence/Product Reviews
Employee Development
Execution Agreements
Form B/D and B/R Amendments
Mock Regulatory Examinations
Operational Systems and Procedures
Outsourcing
Recruitment/Executive Search
Registration Renewals
Regulatory Examination Assistance
Regulatory Inquiry Assistance
Regulatory Mandated Consulting
Regulatory Mandated Independent Consulting
Risk Management
Sales Practice Reviews
State Regulatory Filings
Supervisory Controls Assessments
Supervisory Procedures/Manuals Reviews and Customization
Training
U4 and U5 Amendments
Work Flow and Systems Analysis
Registration Services
FINRA New Membership Application
Changes to Membership Applications (Rule 1017 application)