FAQs

• Agents located in another state must be approved in their home state.  Therefore, registration with this Office will be held in pending status until the agent is approved in his/her home state.
• We do not allow dual registration, unless the firms are affiliated.  An agent must be cancelled by their current firm before new registration can be approved.
• A firm must be approved in Louisiana before any of its agents will be approved.

• If a Broker-Dealer Firm, registration will be held in pending status until the firm is approved by FINRA.
• Registration will be held in pending status until all required documents are filed in this Office.

No.  Firms must be registered with this Office regardless of their number of clients.

No.

• Prudential-American Securities (no affiliation with Prudential, the securities Brokerage Firm) at (626) 795-5831 or http://www.securities-pricing.com
• Financial Information Inc. at 1-800-367-3441
• R.M. Smythe & Co. (for a fee) at http://www.rm-smythe.com
• You may also try http://www.otcmarkets.com/market-activity/current-otc-market

• Financial statements are due 90 days after fiscal year-end for both Louisiana domiciled Broker Dealers and state-registered Investment Advisers.
• Out-of-state Broker Dealers and notice-filing investment advisers are not required to submit hard copies of financial statements to this office.

Only if Firms are affiliated, with the approval of the Commissioner.

Commissioner of Securities