Registration and Licensing, OBA
Take control of your firm’s Registered Rep and Adviser compliance quickly and easily.
For broker-dealer firms, collecting and maintaining all of the necessary information for registered reps can be a daunting task. Whether it’s the ability to track licenses, appointments, registrations or continuing education requirements, it’s critical to have a tracking and workflow solution that aggregates data and provides real-time information about your registered reps when you need it.
Our Registration and Licensing solution is an efficient tracking tool that helps aggregate and manage data about your registered reps that is critical for compliance management. The information is stored in a single, centralized database to help you better manage licenses, registrations and renewals on a state-by-state level.
With Registration and Licensing, Compliance Administrators will be able to quickly and efficiently answer frequently asked questions such as:
- Am I registered in this state?
- Has my license request been approved?
- Did I ever take the Series 65?
- What are my CE requirements?
Supervisors and Compliance Administrators can:
- Review and submit U4/U5/NRF filings on behalf of Reps directly to FINRA’s CRD.
- Provide separate OBA form requests for review and approval.
- Run analytical reports for Rep CRD and custom-defined data.
- Extract Export User, Hierarchy and CRD data.
- Review and track submissions ensuring compliance with FINRA Rule 3270 and Supervisory Control Rules.
- Monitor Rep activity with notifications.
Reps and Associated Individuals can:
- Make amendments to U4 data and submit filings with supervisor approval.
- Request OBA Approval with immediate amendment to form U4 on FINRA’s CRD.
- Gain access to CRD data including CE/Exam window, current licenses and registrations.
- Receive Status and Reminder notifications based on workflow statuses and CE/Exam windows.
- Reduce manual data entry time and errors with pre-populated fields.
- Help Reps adhere to FINRA Rule 1250 with outstanding task and upcoming deadline alerts.