Change of Broker DealerRepresentative Authorization Form

What is the Change Of Broker Dealer Representative Authorization

The Change Of Broker Dealer Representative Authorization is a formal document used in the financial services industry. It allows a registered representative to change their affiliation from one broker-dealer to another. This form is essential for ensuring that the transition is recognized by regulatory bodies and that all parties involved are informed of the change. The authorization serves to protect the interests of clients and maintain compliance with industry regulations.

Steps to complete the Change Of Broker Dealer Representative Authorization

Completing the Change Of Broker Dealer Representative Authorization involves several key steps:

1. Gather necessary information: Collect all relevant details, including your current broker-dealer information and the new broker-dealer's details.
2. Fill out the form: Accurately complete the required fields on the authorization form, ensuring that all information is correct.
3. Obtain signatures: Ensure that the form is signed by both the representative and an authorized individual from the new broker-dealer.
4. Submit the form: Send the completed form to the appropriate regulatory authority and the current broker-dealer for processing.

Legal use of the Change Of Broker Dealer Representative Authorization

The legal use of the Change Of Broker Dealer Representative Authorization is governed by regulations set forth by the Financial Industry Regulatory Authority (FINRA) and other regulatory bodies. To be considered valid, the form must be completed accurately and submitted in accordance with the established guidelines. This ensures that the transition is legally recognized and protects the interests of clients and the representatives involved.

Key elements of the Change Of Broker Dealer Representative Authorization

Several key elements must be included in the Change Of Broker Dealer Representative Authorization to ensure its validity:

• Representative's information: Full name, current broker-dealer, and new broker-dealer details.
• Signatures: Required signatures from the representative and an authorized representative of the new broker-dealer.
• Date of authorization: The date when the change is effective.
• Compliance statements: Any necessary compliance statements that affirm adherence to regulatory requirements.

How to obtain the Change Of Broker Dealer Representative Authorization

The Change Of Broker Dealer Representative Authorization can typically be obtained from the compliance department of your current broker-dealer. Additionally, many broker-dealers provide downloadable versions of the form on their websites. It is important to ensure that you are using the most current version of the form to avoid any compliance issues.

Form Submission Methods (Online / Mail / In-Person)

Submitting the Change Of Broker Dealer Representative Authorization can be done through various methods:

• Online submission: Many broker-dealers allow for electronic submission of the form through their secure portals.
• Mail: The completed form can be sent via postal mail to the appropriate regulatory authority and current broker-dealer.
• In-person submission: Some representatives may choose to deliver the form in person to ensure immediate processing.