All Nasdaq members are required to submit their Annual Audited Financials through the FINRA Portal.  Refer to the following instructions: Annual Audit Automation. Submission through the FINRA Portal satisfies the reporting requirements for all Nasdaq exchanges.

Please call 215-496-1571 or email optionshelpdesk@nasdaq.com for options-related matters and 212-231-5180 or email tradingservices@nasdaq.com  for equity-related matters.

Yes. Nasdaq member organizations are required by rule to register all representatives with any of the Nasdaq-affiliated exchanges on which it is an approved member.  The relevant rule is Nasdaq Rule 1.1210 (contained within Nasdaq General 4, Section 1).

Nasdaq exchanges require an associated person of a member organization who holds the title of Chief Compliance Officer to successfully complete the Series 24 qualification exam.  Alternatively, Nasdaq may accept the Series 14 in certain circumstances where the individual’s responsibilities are limited. See Nasdaq Rule 1.1220 (contained within Nasdaq General 4, Section 1).

Nasdaq rules require that all broker dealer members provide an NSCC clearing account number for purposes of collecting, via direct debit, exchange fees. 

Members wishing to withdraw from a Nasdaq-affiliated exchange (NQX, BX, PHLX, ISE, GEMX, MRX) should file, via WebCRD, a full or partial broker dealer withdraw (BDW) removing the relevant exchange from its registration and subsequently sending an email to membership@nasdaq.com.  The email should specify from which market the member wishes to terminate and the date of anticipated effectiveness.  Most terminations will be processed in approximately three business days. 

Members wishing to make adjustments to their participation status on any of the Nasdaq-affiliated exchanges should email a request to membership@nasdaq.com.  This request should specify the desired change and the date of anticipated effectiveness.  Most requests will be processed in approximately three business days.

No. If a broker dealer is approved or terminates mid-month, they will be assessed the total fee for that month.

Broker dealers designated to PHLX for regulatory responsibility are required to submit written notification of a change in business operation at least 10 business days prior to the change pursuant to PHLX General 9, Section 59.  Written notice should be submitted to the Nasdaq Membership Department at membership@nasdaq.com.

Broker Dealers who have questions or require assistance related to FINRA CAT may contact the FINRA CAT Helpdesk at 888-696-3348 or via email at help@finracat.com.

Yes. Broker dealers who wish to participate on NOM must be approved members of the Nasdaq SRO.

Yes. Broker dealers who wish to participate on BXO must be approved members of the Nasdaq BX SRO.

Yes. Broker dealers who wish to participate on PSX must be approved members of the Nasdaq PHLX SRO.

In order to qualify as a member on any U.S. based Nasdaq SRO, your organization must be registered as a U.S. broker dealer with the U.S. Securities and Exchange Commission.

Yes, a clearing firm must be an approved member on each of the Nasdaq-affiliated exchanges for which they offer clearing services.

Pursuant to Section 15(b)(8) of the SEC Act, broker dealers are required to join FINRA if they effect securities transactions other than on an exchange where it is a member unless:  a) it is a member of a national securities exchange; b) it carries no customer accounts; and c) such transactions (i) result from orders that are routed by a national securities exchange of which the broker dealer is a member to comply with Rule 611 of Regulation NMS or the Options Order Protection and Locked/Crossed Market Plan; or (ii) are solely for the purpose of execution the stock leg of a stock-option order.

SEC Fact Sheet -Exemption from National Securities Association Membership.