Broker-Dealer Renewal & Regulation
The Broker-Dealer (BD) must renew its registration through the CRD system each year by December 31st.
- $200 renewal fee for Broker-Dealer firms;
- $35 renewal fee for Agencts of the Broker-Dealer;
- Wyoming does not require any documents to be filed as part of the renewal process.
A Broker-Dealer who fails to participate in CRD renewal may contact the Secretary of State and deliver the appropriate renewal fees, and have the registration renewed for another year subject to payment of an administrative penalty pursuant to W.S. 17-4-124 in an amount not to exceed two hundred dollars ($200) for failure to comply with the Act and Rules.
Pursuant to W.S. 17-4-105(c) amendments must be filed with CRD promptly when the Form BD becomes inaccurate or incomplete in any material respect. Wyoming receives all BD amendments through the CRD system. Do not send Form BD Amendments to the Secretary of State.
The State requires no pre-submission of advertisements directed toward Wyoming residents so long as FINRA advertising approval rules are being followed.
The State does not require registration or designation of a principal.
Financial statements are only required upon initial registration and need NOT be filed with the Secretary of State annually.
The Form BD can be found on the NASAA website.