What is a branch office finra?

NASD designates locations from which associated persons work as either branch offices or unregistered offices/locations. As currently defined, a “branch office” is any location identified by any means to the public or customers as a location at which the member conducts an investment banking or securities business.

What is a non branch location with finra?

A “non-branch location” would be any location of the member, including but not limited to a main office, that does not qualify as a supervisory branch office, a limited supervisory branch office, or a non-supervisory branch office.

What is an office of convenience?

The Uniform Definition exempts from branch office registration “offices of convenience.”19 An office of convenience is defined as a location where an associated person occasionally and exclusively by appointment meets with customers, provided such location is not held out to the public as an office.

What is a branch CRD?

The CRD program covers the registration records of broker-dealer firms, branch offices and their associated individuals, including their qualification, employment and disclosure histories; it also directs the processing of form filings, fingerprint submissions, collection and disbursement of registration-related fees.

What is outside business activity FINRA?

Specifically, FINRA Rule 3270 prohibits registered persons from engaging in any business activities, outside the scope of their relationship with their member firm, unless they have provided adequate prior written notice to their member firm.

What is an OSJ in a broker-dealer?

An Office of Supervisory Jurisdiction (OSJ) is an office identified by the broker dealer as having supervisory responsibilities for agents and branch offices within its region. The OSJ has final approval of new accounts, and retail communication, The OSJ may also make markets or structures offerings.

Is an OSJ a branch?

FINRA OSJ or Non-OSJ Branch Offices An OSJ branch must have at least one on-site supervisor who is a qualified and registered principal with the firm. The main office of each firm is always considered an OSJ and has supervisory jurisdiction and responsibility over all the firm’s non-OSJ branch offices.

What are FINRA rules?

FINRA’s rules and guidance strive to protect investors and ensure the integrity of today’s rapidly evolving market. FINRA’s rules and guidance strive to protect investors and ensure the integrity of today’s rapidly evolving market. FINRA is here to help keep investors and their investments safe.

What is a finra OSJ?

What is a non-OSJ branch?

Basically, if any sales or solicitation of securities takes place and none of the seven OSJ functions are performed at the office it is a non-OSJ branch.

What is FINRA CRD identifier?

A CRD number is a unique identifier that FINRA assigns to all registered brokers and brokerage firms. You can find your broker’s CRD number on the bottom of their FINRA BrokerCheck report or on their registration card.