Investing Answers Building and Protecting Your Wealth through Education Publisher of The Next Banks That Could Fail
Investing Answers Building and Protecting Your Wealth through Education Publisher of The Next Banks That Could Fail

SEC Form BD

What it is:

SEC Form BD is an application with the Securities and Exchange Commission (SEC) to register as a broker-dealer.

How it works (Example):

A Form BD makes public the information about any broker-dealer that wishes to trade securities. The form requires the broker-dealer to disclose primary contact information, the states in which it does business, details about business activities, criminal backgrounds or regulatory actions, detailed information about the executives and general partners, civil actions and bankruptcy actions.

Why it Matters:

The objective of the Form BD and other SEC-required forms is to provide shareholders and prospective shareholders with accurate, relevant and timely information about the financial and operating performance of the company.