New Members
Pending new members will not be approved for trading
by the Examinations Department, unless the following items have
been received and deemed satisfactory by the Exchange:
· Approval from the SEC as to the new member and
their SEC file number.
· Business plan explaining the operations and intentions
of the firm
· Articles of Incorporation
· Verification of required funds into a verifiable
account of the firm, or if an existing firm, a FOCUS Filing or
net capital computation with supporting documents for Allowable
Assets
· 
Form
BD
· Letters of guarantee, and/or error accounts if
applicable
· PAIB (Proprietary Account of Introducing Broker
Dealers) Agreement from clearing firm
· If the firm has a Joint Back Office ("JBO") Arrangement
with its clearing firm, the firm must employ or have access to
a qualified Series 27 Financial and Operations Principal ("FINOP").
· Written Supervisory Procedures
· Operating Agreement
· U-4 Registration for off-floor traders
· U-4s for directors/ owners of the firm
· Listing of all associated persons and their corresponding
CRD #'s if applicable
· Fingerprints
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