Required Information
Besides the firm’s name and address, a registrant must identify its type of business organization. If it is a corporation, it must name the state in which it is registered and the city of its registered office. If it is a sole proprietorship, it must list the city and state of its primary office.
It must also list the types of activities it will engage in. If it will deal in municipal fund securities, it must disclose and describe its specific activities, such as LGIP sales or 529 plan underwritings. Municipal securities trading must be identified as retail or institutional sales, whether it is trading for its own account or as an agent for customers, or whether it does inter-dealer trading or operates as a broker’s broker. If it conducts securities underwritings, prepares research reports, or receives orders for auction rate securities during an auction, it must report it.
Broker