Securities Division

Arizona Dealer
and Salesman Registration Requirements

Applications for registration will be processed in accordance with A.A.C. R14-4-147

Dealer Registration

FINRA Member Dealers:

1. Form BD submitted through FINRA WebCRD [A.R.S. § 44-1941, A.A.C R14-4-129].
2. $300 registration fee submitted through FINRA WebCRD [A.R.S. §§ 44-1861(A), 44-1941(B)].
3. Audited financial statements [A.R.S. § 44-1941(A)(10)].

Non-FINRA Dealers:

1. Form BD, manually signed and notarized  [A.R.S. § 44-1941(A)].
2. $300 registration fee [A.R.S. §§ 44-1861(A), 44-1941(B)].
3. Audited financial statements [A.R.S. § 44-1941(A)(10)].

Issuer Dealers:

1. Form BD, manually signed and notarized  [A.R.S. § 44-1941(A)].
2. $100 registration fee [A.R.S. §§ 44-1861(A), 44-1941(B)].
3. Audited financial statements [A.R.S. §§ 44-1941(A)(10), 44-1894(9) and (10)].
4. CPA consent [A.A.C. R14-4-120(D)]. 
5. Proof of principal examination or equivalent business experience [A.R.S. § 44-1942].

Salesman Registration

FINRA Member Salesman:

1. Form U-4 submitted through FINRA WebCRD [A.R.S. § 44-1945(A) and A.A.C. R14-4-129]. 
2. $45 registration fee submitted through FINRA WebCRD [A.R.S. §§ 44-1861(A)].
3. Proof of passage of required examinations [A.R.S. § 44-1942 and A.A.C. R14-4-109].
4. Fingerprints [A.R.S. § 44-1945(A)(8) and A.A.C. R14-4-122].  ---> ---> Fingerprint Instructions <---
5. Proof of lawful presence for Arizona residents and non-Arizona residents who do not have an equivalent license issued by another state [A.R.S. § 41-1080].

Non-FINRA Member and Issuer-Dealer Salesman:

1. Information required by A.R.S. § 44-1945(A). 
2. $45 registration fee [A.R.S. §§ 44-1861(A), 44-1945(A)].  
3. Proof of passage of required examinations [A.R.S. § 44-1942 and A.A.C. R14-4-109].
4. Fingerprints [A.R.S. § 44-1945(A)(8) and A.A.C. R14-4-122].  ---> ---> Fingerprint Instructions <---
5. Proof of lawful presence for Arizona residents and non-Arizona residents who do not have an equivalent license issued by another state [A.R.S. § 41-1080].

Reporting Requirements

FINRA Member Dealers:

1. Statement of material changes submitted through FINRA WebCRD [A.R.S. § 44-1948(A)].
2. Annual audited financial statements [A.R.S. § 44-1948(A)].

Non-FINRA and Issuer Dealers:

1. Statement of material changes [A.R.S. § 44-1948(A)].
2. Annual audited financial statements [A.R.S. § 44-1948(A)].

Salesman: Statement of material changes [A.R.S. § 44-1948(A)].

Renewal

FINRA Member and Non-FINRA Dealers: $300 annual fee on or before December 31 [A.R.S. § 44-1861(A)].

Issuer Dealers: $100 annual fee on or before December 31 [A.R.S. § 44-1861(B)].

Salesman:

1. $45 annual fee on or before December 31 [A.R.S. § 44-1861(A)].
2. Proof of lawful presence if documentation has not previously been presented to the Securities Division [A.R.S. § 41-1080]. 
   

Name Change/Reorganization/Mass Transfer

In the event of a name change, reorganization, or mass transfer, contact the Securities Division at (602) 542-0326 or SEC-AOD@azcc.gov.

Imporant Links

Dealer and Salesman Registration Exemptions

FINRA