Overview

Chapman routinely advises clients in connection with virtually all aspects of broker-dealer activities.

We represent broker-dealers in connection with a wide range of activities including:

  • registration,
  • retail customer services,
  • capital markets activities,
  • trading,
  • private placements, and
  • investment company and private fund distribution. 

We are experienced in the legal, regulatory, compliance, risk management and operational issues impacting broker-dealers and assist clients with Securities and Exchange Commission (SEC) registrations and Financial Industry Regulatory Authority (FINRA) membership.

Some of the services we provide to broker-dealer clients include:

  • Registration, including drafting of Form BD;
  • Providing advice on compliance with reporting obligations;
  • Drafting policies and procedures, supervisory procedures, exception reporting, continuing education and heightened supervision plans;
  • Preparing and reviewing disclosure documents, underwriting and selling group agreements, contracts and sunset arrangements with registered representatives, and fee sharing agreements;
  • Reviewing advertising and promotional materials;
  • Providing guidance on SEC net capital requirements;
  • Providing counsel on the sale, acquisition and mergers of broker-dealers;
  • Assisting with internal investigations and compliance audits;
  • Assisting with preparations for SEC, FINRA and state securities commission examinations, responding to any adverse findings and negotiating the terms of a resulting actions; and
  • Providing counsel in connection with customer and member to member arbitration proceedings and litigation.

We also work with a variety of clients to analyze their organizations’ practices and structures to determine whether they are engaging in broker and/or dealer activity requiring registration.

Concentrations

People

Insights

Broker-Dealers Updates

We have always been focused on finance.

  • 1913
    TS Chapman partners with Henry Cutler to form Chapman and Cutler
  • 1st
    Chapman's first client in 1913 is still a client of the firm today
  • 22
    Diverse financial practices serving regional, national, and global clients
  • 6
    Offices across the country and in key US financial centers

We use cookies to deliver our online services. Details of the cookies we use and instructions on how to disable them are set out in our Privacy Policy. By using this website you agree to our use of cookies.