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).

The provisions regarding securities agents are covered under Iowa Code Chapter 502 Article IV.

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

 

Contact Us

If you need assistance, please contact the Iowa Insurance Division.