PENNSYLVANIA BROKER DEALER REGISTRATION PACKET (FINRA MEMBERS ONLY) American LegalNet, Inc. www.FormsWorkflow.com PENNSYLVANIA SECURITIES COMMISSION 1010 N. Seventh Street Eastgate Office Building, 2nd Floor Harrisburg, PA 17102 1410 Filing Requirements: 07/01/2007 PENNSYLVANIA BROKER DEALER REGISTRATION REQUIREMENTS (FINRA MEMBERS ONLY) Contact: Robyn L. Galloway (717)783 4211 TDD: AT&T Relay Center 1 800 654 5984 Alternate formats of this document may be available on request. Call (717) 787 1165 or via AT&T Relay Center. This document and additional forms are also available on the Pennsylvania Securities Commission website at “www.psc.state.pa.us”. GENERAL INSTRUCTIONS & FILING REQUIREMENTS: Any FINRA member firm desiring registration in the Commonwealth of Pennsylvania must file the following directly with the CRD System: 1. Amend Form BD in the BD Jurisdictions Section to identify Pennsylvania as an initial state registration. 2. $500.00 Pennsylvania Broker Dealer Filing Fee (Checks must be made payable to the "FINANCIAL INDUSTRY REGULATORY AUTHORITY.") 3. Transactions with Pennsylvania residents can only be effected by registered agents. This would include all officers or principals of the firm acting in the capacity of agents for the firm. FINRA member firms must file Form U 4 and appropriate fees with the CRD on behalf of each proposed agent. Page 1 of 3 American LegalNet, Inc. www.FormsWorkflow.com When applying for registration in Pennsylvania (through the CRD), the following additional items must be filed with the Pennsylvania Securities Commission: 4. Applicant’s minimum net capital requirement under U.S. Securities and Exchange Commission Net Capital Rule 15c3 1. 5. Do you plan to perform investment advisory activity in Pennsylvania [Affirmative response to Form BD item 12(s)] as part of your broker dealer registration? If the response is negative, submit an undertaking, signed by an officer of the Applicant, stating that the Applicant will not engage in investment advisory activity in Pennsylvania. SUPPLEMENTAL INSTRUCTIONS: 6. In the event your filing contains deficiencies, you will receive a letter identifying such deficiencies with a request that appropriate information be filed with this agency within 60 days from receipt of the letter. 7. 64 Pa. Code §303.041(b) (copy enclosed) requires immediate notification if net capital falls below minimum requirements. 8. THE FILING OF THE APPROPRIATE FORMS AND FEES WITH FINRA DOES NOT CONSTITUTE AN AUTOMATIC REGISTRATION IN PENNSYLVANIA. A FINRA MEMBER FIRM SHOULD NOT CONSIDER ITSELF REGISTERED IN PENNSYLVANIA UNTIL NOTIFIED OF THE EFFECTIVE DATE OF REGISTRATION. 9. The annual renewal date is December 31 of each year. All FINRA member firms will be billed directly by the CRD for the renewal of broker dealer and agent registrations. American LegalNet, Inc. www.FormsWorkflow.com ENCLOSURES: Pa. Securities Act of 1972 Section 102(c). Definition of Agent Section 102(e). Definition of Broker Dealer Section 301. Registration Requirement Section 302. Exemptions 64 Pa. Code §303.011 §303.013 §303.031 §303.041 §304.011 §304.021 §305.019 §604.020 Broker Dealer registration procedures Agent registration procedures Examination requirement for agents Broker Dealer capital requirements Broker Dealer required records Broker Dealer required financial reports Dishonest and unethical practices Broker dealers, investment advisers, broker dealer agents and investment adviser representatives using the Internet for general dissemination of information on products and services statement of policy Commission Positions Broker Dealer responsibility to ascertain registration status of investment advisers referred to clients under wrap fee arrangements Registration of Financial Planners MISCELLANEOUS Pennsylvania Securities Commission Publication Order Form Page 3 of 3 American LegalNet, Inc. www.FormsWorkflow.com American LegalNet, Inc. www.FormsWorkflow.com American LegalNet, Inc. www.FormsWorkflow.com American LegalNet, Inc. www.FormsWorkflow.com American LegalNet, Inc. www.FormsWorkflow.com American LegalNet, Inc. www.FormsWorkflow.com American LegalNet, Inc. www.FormsWorkflow.com American LegalNet, Inc. www.FormsWorkflow.com American LegalNet, Inc. www.FormsWorkflow.com American LegalNet, Inc. www.FormsWorkflow.com American LegalNet, Inc. www.FormsWorkflow.com American LegalNet, Inc. www.FormsWorkflow.com American LegalNet, Inc. www.FormsWorkflow.com American LegalNet, Inc. www.FormsWorkflow.com American LegalNet, Inc. www.FormsWorkflow.com American LegalNet, Inc. www.FormsWorkflow.com American LegalNet, Inc. www.FormsWorkflow.com American LegalNet, Inc. www.FormsWorkflow.com American LegalNet, Inc. www.FormsWorkflow.com American LegalNet, Inc. www.FormsWorkflow.com American LegalNet, Inc. www.FormsWorkflow.com American LegalNet, Inc. www.FormsWorkflow.com American LegalNet, Inc. www.FormsWorkflow.com American LegalNet, Inc. www.FormsWorkflow.com American LegalNet, Inc. www.FormsWorkflow.com American LegalNet, Inc. www.FormsWorkflow.com American LegalNet, Inc. www.FormsWorkflow.com