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Richard S. Heller, Esq.
212.688.5900 ext. 230 |
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BROKER DEALER LAWYER is
brought to you by Richard S. Heller of SHUSTAK
JALIL & HELLER. Mr.
Heller and the firm have formed and represented literally hundreds of broker-dealers
("BDs")
over the course of many years.
In particular, the firm has assisted start-up applicants get through the
Byzantine aspects of registration with the NASDR, SEC and various state securities
or "Blue Sky" authorities. The firm assists new applicants prepare
their initial submission which must include, among other things, several
forms (Form BD, U-4s, fingerprints cards, etc) as well as:
- Business Plan
Not in the ordinary sense, but a plan that encompasses who will supervise
the BD, how they'll do so, the type of BD, its net capital requirements,
how it will conduct its day to day operations, etc.
- Organizational Chart
Written supervisory procedures which must be tied to an NASD checklist to ensure
the examiner will read them.
- Surety Bond Acquisition
- DTC and Lost & Stolen Filing
- Other forms and filing requirements too numerous to list
here.
We have worked with a number of corporations (or their law firms) on behalf of their BD applicant clients and have assisted applicants in becoming private placement BDs, General Securities BDs, and every variant in between. We have attended pre-membership interviews for BD applicants throughout the country and have good relationships with many of the NASD pre-membership or continuing membership examiners located at the various NASDR districts.
Our fees range from $10,000 (for simple private placement firms) to $30,000 on more complex filings (involving market making firms or firms owned by non-US parent entities).
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New
York Office
400 Park Avenue, 14th Floor, New York, NY 10022
tel: 212.688.5900
fax: 212.688.6151
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California
Office
401 West "A" Street, Suite 2330, San Diego, CA 92101
tel: 619.696.9500
fax: 619.615.5290 |
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