BDW

The US Securities and Exchange Commission (SEC) handle BDW registrations.

All the Brokers and Dealers must file the Form BDW to withdraw their registration from the SEC, Self Regulatory Organizations, and appropriate jurisdiction.

These instructions apply to fill form BDW electronically with the Central Registration Depository (CRD). Some jurisdictions may need separate paper filing of BDW and/or certain additional requirements for filing.

The applicant should contact the appropriate jurisdiction for filing specific requirements. 

Some are the partial withdrawals where the registration ends with one or more specified jurisdiction or/and SROs but not with the SEC,

whereas, full withdrawal is the condition when the registration with FINRA and all the other SECs and self –regulatory organizations and with all jurisdiction, ends. 

To file for BDW, one has to file the BD amendment to update incomplete or inaccurate information. 

One needs to file form the U4 amendment to update inaccurate information for registered representatives – pursuant. 

After failing - to remove the individual from scheduled A/B, one leaves at least one control person on Schedule A to get a shutdown activity for the firm.

You then file U4 Page 2 Amendment(s) for Schedule A/B to add an employment end date or history of the employment. 

There are different rules for submitting the form to terminate registration for individuals registered through a firm and you also need to submit a Custodian Consent form as a scanned email attachment with the form.

Various jurisdictions have different registration valuation for withdrawing or filing requirements.

All such notice of withdrawal shall constitute the report filled with Commission within the required sections and the Commission by order may exempt the borer from filling certain requirements.