Standards for Membership
After considering the request, the Department of Member Regulation will examine whether the member firm can continue to meet the standards for FINRA membership. The applicant must:
• have all required licenses and registrations
• be capable of complying with the federal securities laws and regulations
• have facilities sufficient to execute its planned operations
• have adequate communications and operational systems in place
• be capable of maintaining its required level of net capital
• have financial controls to ensure compliance with the securities rules and regulations
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