Broker Dealers and their Agents
Pursuant to Minnesota Statutes §§ 80A.56 and 80A.57, it is unlawful for a person to transact business in Minnesota as a broker-dealer or agent unless the person is registered or exempt from registration.
Initial registration and renewal fees for broker dealer agents are $65.
How to Register as a Broker Dealer Firm
Application requirements for broker-dealers are defined in Minnesota Statute §80A.61 and Minnesota Rule 2876.4062. All applications for registration as a broker dealer must be filed electronically through the Central Registration Depository (CRD) system.