Securities Broker-Dealer License

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License for a firm or company engaged in the business of offering and effecting transactions in securities for the accounts of others or its own account. A broker-dealer effects transactions in securities through its agents who must also be licensed in this state. Code Citation Iowa Code Section 502.401 Who Applies A company (including a sole proprietorship) wishing to conduct business as a broker-dealer. When To Apply Application must be made and a license issued before business is conducted in Iowa. Application can be made at any time during the year. Initial Requirements Application should be made to the Financial Industry Regulatory Authority (FINRA). Visit FINRA’s website at https://www.finra.org/registration-exams-ce/broker-dealers for additional information. Iowa information is available at https://iid.iowa.gov/broker-dealers. Duration All licenses expire on December 31 of each year, regardless of the date of issue. Processing Time 3-5 days after approval by FINRA and the SEC. Fee Structure Filing: $200 Renewal: $200 Renewal Requirements Pay renewal fee through FINRA’s CRD system. Exam Does not pertain. Additional Information https://iid.iowa.gov/broker-dealers