Continuing Membership Application

Continuing MembershipFrom a change in business, to mergers, or a change in ownership, many broker-dealers find themselves needing to file a Continuing Membership Application (“CMA”) pursuant to FINRA Rule 1017 at some point during the life of the firm.

Oyster services included in filing a CMA are:

  • Updating the Organization Chart
  • Updating the Business Plan
  • Updating Written Supervisory Procedures
  • Assembling CMA Materials
  • Submitting the CMA
  • Communications and Follow-up with FINRA
  • DOL Fiduciary Assessments and Compliance

The Oyster Difference

Oyster is ready to go above and beyond simply assisting you in filing a CMA. With a CMA usually comes a host of other items to address such as combining and consolidating firm business models and structures during a merger, or hiring new personnel when changing ownership. Oyster can assist you with any strategic management needs and temporary or permanent outsourcing of key positions