Guidance for Applications for Expansion of Representatives

This document is a guide designed to assist applicants in preparing Form CMA (Continuing Membership Application) when seeking approval for an increase in associated persons involved in sales, as defined in IM-1011-1. It outlines the necessary documentation and information required for the application process, emphasizing the importance of completeness and accuracy. The guide details the standards for admission under Rule 1014(a) and specifies the documents needed to support each standard. It also highlights the significance of consistency among various documents submitted with the application. Additionally, the guide provides instructions on how to present expansion plans, including the business rationale, the number of associated persons sought, and the proposed supervisory structure. It addresses compliance with securities laws and the necessary facilities to support the expansion. The document serves as a comprehensive resource for applicants to navigate the CMA review process effectively.