A broker-dealer, as defined in Iowa Code section 502.102, is a business entity engaged in the business of effecting transactions in securities for the account of others or for the person’s own account.
Registration of broker-dealers is done through the Financial Industry Regulatory Authority’s (FINRA). Broker-dealers must annually register through FINRA’s Central Registration Depository (CRD). The details regarding registration are set forth in Iowa Code chapter 502 and Iowa Administrative Code 191.50(10) – 191.50(22).
Additional information regarding broker-dealers can be found at the North America Securities Administrators Association (NASAA). The Iowa Insurance Division is a member of NASAA.
Information about broker-dealers is available through the search tool at FINRA’s BrokerCheck.
If you need assistance, please contact the Iowa Insurance Division.