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Massachusetts Broker-Dealer Compliance
Massachusetts is one of the most aggressive state enforcement programs. FIN Group provides fractional CCO services, Form BD filings, annual reviews, and exam support for Broker-Dealers operating here.
Who needs to register in Massachusetts
Any Broker-Dealer with a principal place of business in Massachusetts, or with clients located in Massachusetts above the de minimis threshold, must register with the Massachusetts Securities Division or — if eligible — with the SEC.
Massachusetts-specific nuance
Massachusetts conducts surprise examinations and requires specific disclosure of conflicts in plain-English supplements to Form ADV Part 2A.
Regulator: Massachusetts Securities Division
Annual obligations for Broker-Dealers
The core federal calendar that applies on top of Massachusetts's requirements:
- Maintain FINRA membership and Form BD currency
- File quarterly FOCUS reports (Form X-17A-5)
- Maintain Written Supervisory Procedures (WSPs) covering all business lines
- Conduct annual Rule 3120 compliance testing and Rule 3130 CEO certification
- Comply with Reg BI for all retail recommendations (Form CRS required)
- Run AML program under FinCEN with annual independent testing
How FIN Group helps Massachusetts Broker-Dealers
Fractional CCO
A named, senior CCO who owns your Form BD filings, annual review, and exam response.
Explore Fractional CCOCompliance Calendar Software
RegReview tracks every state, federal, and firm-level deadline with automatic reminders.
Explore Compliance Calendar SoftwareMarketing Compliance Review
ADScanner reviews every piece of marketing for Rule 206(4)-1 / FINRA 2210 issues in seconds.
Explore Marketing Compliance ReviewInvestor Onboarding
InvestPrep handles KYC, AML, and subscription documents end-to-end.
Explore Investor OnboardingBroker-Dealer compliance in other states
Also exploring a different registration type? Massachusetts RIA · Massachusetts Private Fund
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