13 CRR-NY 10.6NY-CRR
13 CRR-NY 10.6
13 CRR-NY 10.6
10.6 Alternative method of filing supplemental salesperson's and broker-dealer statements and fees attendant thereto.
(a) The requirements of sections 10.3 and 10.4 of this Part shall be fulfilled through the CRD system with regard to a firm that is a member of FINRA and its salespersons.
(b) The filing of supplemental or amendatory information with the CRD system shall be made on current Forms U4, U5, BD or BDW only. No fee is required to report a change of information on a Form BD or to terminate a registration on Form BDW. The filing of a single Form U4 to report the change of employment of a salesperson shall be deemed to satisfy the requirements of section 10.3(a)(4) of this Part.
(c) All filings that, pursuant to sections 10.3(a)(4) and 10.4(a)(4) of this Part, report a change of employment to a new broker-dealer will require a fee of $60.
(d) In the event of a mass transfer of employment from one FINRA member firm to another caused by acquisition, merger or change of entity, the CRD system shall execute said transfer in accordance with the guidelines established for such by the CRD system. All such mass transfers will require the payment of a $30 fee by the broker-dealer and a $30 fee for each salesperson transferred, payable through the CRD system.
13 CRR-NY 10.6
Current through July 31, 2021
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IMPORTANT NOTE REGARDING CONTENT CURRENCY: The "Current through" date indicated immediately above is the date of the most recently produced official NYCRR supplement covering this rule section. For later updates to this section, if any, please: consult editions of the NYS Register published after this date; or contact the NYS Department of State Division of Administrative Rules at [email protected]. See Help for additional information on the currency of this unofficial version of NYS Rules.