How do I update registration information for me or my firm?
Firms, floor brokers and floor traders will update their own registration information and firms will update the registration information of their APs and principals by filing an Update (Form 3-R) in ORS. To do this, they will access the specific "update" web pages that contain the information that they wish to change and enter and file the new information. These "update" web pages are essentially the pages from the Form 7-R and Form 8-R.
Can a firm notify NFA that it has changed its form of organization by filing an update online?
In most instances, firms may notify NFA of a change in form of organization by filing an Update. If a firm reports a change in the form of organization by filing an Update, the newly formed organization will be liable for all obligations of the pre-existing organization. However, firms cannot file an Update to report a change to or from a sole proprietorship. In these instances, the firm needs to file an electronic application (Form 7-R) for the newly formed organization and a Firm Withdrawal Request (Form 7-W) for the pre-existing organization.
If you have any other questions, contact NFA's Information Center at (800) 621-3570 or (312) 781-1410 or e-mail NFA.
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