SEC Form BDW

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DEFINITION of 'SEC Form BDW'

A form that must be completed by all securities broker-dealers and submitted to the Securities and Exchange Commission (SEC) in order to terminate status as a registered broker. Form BDW can be used by the broker-dealer to file either a full withdrawal or partial withdrawal. A partial withdrawal terminates a broker's registration within specific jurisdictions and self-regulatory organizations (SRO). However, a partial withdrawal does not terminate its registration with the SEC and at least one SRO and jurisdiction.

BREAKING DOWN 'SEC Form BDW'

The provisions that govern all securities brokers registered with the SEC are covered under Section 15 of the Securities Exchange Act of 1934. The purpose of the form is to help the SEC determine if it's in the public's best interest for a broker-dealer to withdraw its registration. The SEC and the National Association of Securities Dealers (NASD) keep all information provided through file BDW Forms on file and make that information available to the public.

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RELATED FAQS
  1. Where are the Social Security administration headquarters?

    The U.S. Social Security Administration, or SSA, is headquartered in Woodlawn, Maryland, a suburb just outside of Baltimore. ... Read Full Answer >>
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    The main responsibility of the U.S. Social Security Administration, or SSA, is overseeing the country's Social Security program. ... Read Full Answer >>
  3. Is the Social Security administration a government corporation?

    The U.S. Social Security Administration (SSA) is a government agency, not a government corporation. President Franklin Roosevelt ... Read Full Answer >>
  4. What are the disclosure requirements for a private placement?

    The U.S. Securities and Exchange Commission (SEC) has set forth disclosure requirements for private placements, including ... Read Full Answer >>
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