FINRA members. Unless exempt from federal registration requirements1,
to register as a broker-dealer in Oklahoma, the applicant must file through the Web Central Registration Depository
(WebCRD) System that is operated by the Financial Industry Regulatory Authority (FINRA), a self-regulatory organization. If already a FINRA member, click on the
Firm Gateway link to sign in to your account.
Firms that are members of the Financial Industry Regulatory Authority (FINRA) are asked not to submit Audited Financial Statements to
the Department as these are no longer required as a post-registration reporting requirement. Audited Financial Statements are only
required for Non-FINRA member firms.
To establish a new account, go to
FINRA - How To Become a Member. For additional information about using the WebCRD system, go to
FINRA - CRD Filing & Guidance.
In addition to meeting the requirements for FINRA membership, to register with the Department such
broker-dealers must also meet the following requirements:
- File directly with the WebCRD System:
- a completed
Form BD, designating Oklahoma as a jurisdiction on page 2; and
- a $300 filing fee for Oklahoma registration.
- Cause each of its agents providing services to an Oklahoma resident to become properly registered with the
Department as described in
Registration of Agents and Investment Adviser Representatives, unless otherwise excepted or exempted.
Non-FINRA member firms must click
Post-registration Reporting Requirements
Section 1-406.B of the Oklahoma Uniform Securities Act of 2004 (“Securities Act”), all registrants are required to
promptly file a correcting amendment with the Department if the information contained in any document filed with the
Administrator or the WebCRD is or becomes inaccurate or incomplete in any material respect unless notification of
the correction has been given pursuant to the provisions of
Section 1-401.C of the Securities Act. Broker-dealers who are FINRA members must file through the WebCRD.