{"id":255276,"date":"2025-05-24T11:23:30","date_gmt":"2025-05-24T11:23:30","guid":{"rendered":"https:\/\/peraltafinancing.com\/accounting\/broker-dealer-annual-report-filing-instructions\/"},"modified":"2025-05-24T11:23:30","modified_gmt":"2025-05-24T11:23:30","slug":"broker-dealer-annual-report-filing-instructions","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=255276","title":{"rendered":"Broker-Dealer Annual Report Filing Instructions"},"content":{"rendered":"


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There are various registration, membership, and filing requirements for broker-dealers. This supplemental guide outlines the filing requirements and instructions related to annual reports filed with the Securities Exchange Commission (\u201cSEC\u201d), Financial Industry Regulatory Authority (\u201cFINRA\u201d), and Securities Investor Protection Corporation (\u201cSIPC\u201d).<\/p>\n\n

What are the annual filing requirements for registered broker-dealers?<\/h2>\n

All registered broker-dealers are required to file Annual Reports with the SEC and their designated examining authority pursuant to SEC Rule 17a-5(d)(1), 17 C.F.R. \u00a7 240.17a-5, and the SIPC. While paper filing is an option, electronic filing is preferred and may be required for some reports.<\/p>\n

At the end of the audit process, you will receive the following electronic documents from your auditor:<\/span><\/strong><\/p>\n\n\n\n\n\n\n\n\n\n\n
1. Independent accountant\u2019s confidential audit opinion<\/strong><\/td>\n<\/tr>\n
First sentence: \u201cWe have audited the accompanying statement of financial condition of as of Date, the related statements of income\/operations, changes in member\u2019s\/stockholders\u2019 equity, and cash flows for the then ended, and the related notes (collectively referred to as the \u201cfinancial statements\u201d).\u201d<\/td>\n<\/tr>\n
2. Independent accountant\u2019s public audit opinion<\/strong><\/td>\n<\/tr>\n
First sentence: \u201cWe have audited the accompanying statement of financial condition of as of Date, and the related notes (collectively referred to as the \u201cfinancial statement\u201d).\u201d<\/td>\n<\/tr>\n
3. Auditor\u2019s Form SIPC-7 Agreed Upon Procedures Opinion (if annual revenues greater than $500,000)<\/strong><\/td>\n<\/tr>\n
Title is: \u201cReport of Independent Registered Public Accounting Firm on Applying Agreed-Upon Procedures\u201d<\/td>\n<\/tr>\n
4. Auditor\u2019s Exemption Review Report<\/strong><\/td>\n<\/tr>\n
First sentence: \u201cWe have reviewed management\u2019s statements, included in the accompanying Rule 15c3-3 Exemption Report…\u201d.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n


\nIn addition to the provided documents, you will need the following required for SEC and SIPC Annual Reports filing:<\/span><\/strong><\/p>\n\n\n\n\n\n\n\n\n\n\n\n
1. Final approved confidential version of the Financial Statements<\/strong><\/td>\n<\/tr>\n
-Final version as approved by your auditor<\/td>\n<\/tr>\n
2. Final approved public version of the Financial Statement (if filing)<\/strong><\/td>\n<\/tr>\n
-Final version as approved by your auditor<\/td>\n<\/tr>\n
3. Completed Notarized \u201cFacing Pages\u201d (one each for confidential and public versions)<\/strong><\/td>\n<\/tr>\n
-Annual Audited Report, Form X-17A-5, Part III, Facing Page
-If electronic filing, these notarized facing pages should be retained in the broker-dealer\u2019s files for 6 years, and not included in the filing package uploaded to the SEC.<\/td>\n<\/tr>\n
4. Management\u2019s Exemption Assertion<\/strong><\/td>\n<\/tr>\n
-Final version as approved by your auditor<\/td>\n<\/tr>\n
5. Filing Copy of Form SIPC-7 (SIPC filing only)<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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Paper Filing Instructions \u2013 if not filing electronically<\/strong><\/span><\/p>\n\n

The annual reports must be filed at the regional office of the Commission for the region in which the broker or dealer has its principal place of business, the Commission\u2019s principal office in Washington, D.C., the principal office of the designated examining authority for the broker or dealer, and with the SIPC, if the broker or dealer is a member of SIPC and the reports are not filed through the FINRA firm gateway. The broker-dealer may also have filing requirements with state commissions that are not covered by this guide. Broker-dealers should refer to state commissions for more information about state filing requirements.<\/p>\n\n

Electronic Filing Instructions<\/strong><\/span><\/p>\n\n

SEC Filing<\/strong><\/p>\n

The public and the non-public package<\/p>\n

\u203a\u00a0\u00a0 Several weeks prior to filing your annual report<\/p>\n