Registration Forms: Form BD, Form BDW, and Form BR

What this video covers

• Why Form BD is filed once on the Central Registration Depository (CRD) and simultaneously satisfies Securities and Exchange Commission (SEC), self-regulatory organization (SRO), and state registration requirements
• What "promptly" means for Form BD amendments: 30 days for routine changes, with faster reporting for statutory disqualification triggers and specified customer complaints
• The life-of-the-enterprise retention rule for organizational records (Form BD, partnership agreements, articles of incorporation, minute books) under the SEC books-and-records retention rule
• How Form BR registers each branch office separately from the firm's main Form BD filing, and what activities automatically upgrade a branch to OSJ status
• The difference between full and partial Form BDW withdrawals, and why partial withdrawal keeps SEC registration alive while ending only specified SRO or state memberships
• The three critical post-filing clocks for Form BDW: 60 days for SEC withdrawal effectiveness, 6 months for Securities Investor Protection Corporation (SIPC) member status, and 2 years for FINRA disciplinary jurisdiction after ceasing membership