In the increasingly complex world of corporate finance and regulatory compliance, the F7 Ctd 1213 form stands out as a pivotal document for corporations, especially when opening a corporate account with LPL Financial. This form serves not just as a procedural requisite but as a declaration of specifically authorized officers who hold the power to give instructions and make decisions on behalf of the corporation, ensuring both operational efficienc and adherence to corporate governance standards. It meticulously outlines the need for a corporate resolution, the submission of IRS Form 990 for non-profit corporations, and detailed account information including but not limited to the name of the corporation, the date of the Board of Directors meeting, and specifics concerning the type of corporation (S Corporation or C Corporation), which is essential for tax reporting purposes. Further, it mandates the disclosure of authorized officers’ information alongside any potential conflicts of interest, especially those related to financial stakes or discretionary authority over the account by persons associated with a broker/dealer or municipal securities dealer, underscoring the stringent measures in place to prevent conflicts of interest and ensure transparency. The inclusion of a certification by the meeting of the Board of Directors of the Corporation also underscore underlines the legal rigor and formalities involved in the process. The form does not merely facilitate the opening of a corporate account; it is a testament to the structured, regulated, and responsible approach to financial management and corporate accountability.
| Question | Answer |
|---|---|
| Form Name | Form F7 Ctd 1213 |
| Form Length | 3 pages |
| Fillable? | No |
| Fillable fields | 0 |
| Avg. time to fill out | 45 sec |
| Other names | F7 lpl corporate resolution instructions form |
Corporate Resolution |
CR |
Instructions: This form must be submitted when a corporate account is being opened. It designates officers who are specifically authorized to give instructions on behalf of the corporation. If the account being opened is for an incorporated
Please mail the completed form to LPL Financial, Attn: Trade Direct, P.O. Box 509049 San Diego, CA
Account Information
LPL Account NumberAccount Registration
Section I: Corporate Information
Name of Corporation |
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Date of Board of Directors Meeting |
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Is this account for a Government Entity? |
Yes |
No What type of corporation is the account? |
S Corporation |
C Corporation |
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*Please consult your client, this is important for tax reporting purposes.
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Document Type |
Articles of Incorporation |
Business License |
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Partnership Agreement |
Certificate of Good Standing |
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Document Number (Tax ID/SSN not acceptable) |
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Place of Issuance |
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Document Issuance Date |
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Document Expiration Date (if applicable) |
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Section II: Authorized Officers Information
1. President / CEO Information
President / CEO |
Social Security Number |
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Residence Address (no P.O. boxes)
Same as mailing address |
Date of Birth |
Home Phone |
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MM / DD / YYYY
Country of Citizenship |
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Place of Issuance |
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ID Issuance Date |
ID Expiration Date |
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ID Type |
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ID Number |
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Mark here and complete the below information if a FINRA employee or person associated with a broker/dealer or municipal securities dealer has a financial interest in, controls trading in, or has discretionary authority over this account (e.g., accounts for minor children). This includes situations where you are employed by FINRA or associated with a broker/dealer or municipal securities dealer. This also includes situations where your spouse, domestic partner, or other immediate family member is employed by FINRA or associated with a broker/dealer or municipal securities dealer.
LPL will notify FINRA, the broker/dealer, or the municipal securities dealer regarding this account and may transmit duplicate statements, confirmations and other information concerning the account. By completing and signing this new account application, you authorize LPL to provide transactional data as listed above to FINRA, the broker/dealer, or municipal securities dealer as applicable.
Full Name of Person Associated with Firm or FINRA
Relationship to Account Holder of Person Associated with Firm or FINRA
Name of Associated Firm (if FINRA, list FINRA)
Address of Person Associated with Firm or FINRA |
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Corporate Compliance Mailing Address of firm |
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Mark here if you or any member of your immediate family has been a corporate officer, director, |
Name of Corporation(s) |
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or owner of 10% or more of any public corporation within the past three months. |
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Member FINRA/SIPC |
Page 1 of 3 |
LPL Account Number
CR
2. Vice President / COO
Vice President / COO |
Social Security Number |
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Residence Address (no P.O. boxes)
Same as mailing address |
Date of Birth |
Home Phone |
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MM / DD / YYYY
Country of Citizenship |
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Place of Issuance |
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ID Issuance Date |
ID Expiration Date |
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ID Type |
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ID Number |
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Mark here and complete the below information if a FINRA employee or person associated with a broker/dealer or municipal securities dealer has a financial interest in, controls trading in, or has discretionary authority over this account (e.g., accounts for minor children). This includes situations where you are employed by FINRA or associated with a broker/dealer or municipal securities dealer. This also includes situations where your spouse, domestic partner, or other immediate family member is employed by FINRA or associated with a broker/dealer or municipal securities dealer.
LPL will notify FINRA, the broker/dealer, or the municipal securities dealer regarding this account and may transmit duplicate statements, confirmations and other information concerning the account. By completing and signing this new account application, you authorize LPL to provide transactional data as listed above to FINRA, the broker/dealer, or municipal securities dealer as applicable.
Full Name of Person Associated with Firm or FINRA
Relationship to Account Holder of Person Associated with Firm or FINRA
Name of Associated Firm (if FINRA, list FINRA)
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Address of Person Associated with Firm or FINRA |
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Corporate Compliance Mailing Address of firm |
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Mark here if you or any member of your immediate family has been a corporate officer, director, |
Name of Corporation(s) |
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or owner of 10% or more of any public corporation within the past three months. |
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3. Treasurer / CFO Information |
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Treasurer / CFO |
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Social Security Number |
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Residence Address (no P.O. boxes)
Same as mailing address |
Date of Birth |
Home Phone |
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MM / DD / YYYY
Country of Citizenship |
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Place of Issuance |
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ID Issuance Date |
ID Expiration Date |
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ID Type |
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ID Number |
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Mark here and complete the below information if a FINRA employee or person associated with a broker/dealer or municipal securities dealer has a financial interest in, controls trading in, or has discretionary authority over this account (e.g., accounts for minor children). This includes situations where you are employed by FINRA or associated with a broker/dealer or municipal securities dealer. This also includes situations where your spouse, domestic partner, or other immediate family member is employed by FINRA or associated with a broker/dealer or municipal securities dealer.
LPL will notify FINRA, the broker/dealer, or the municipal securities dealer regarding this account and may transmit duplicate statements, confirmations and other information concerning the account. By completing and signing this new account application, you authorize LPL to provide transactional data as listed above to FINRA, the broker/dealer, or municipal securities dealer as applicable.
Full Name of Person Associated with Firm or FINRA
Relationship to Account Holder of Person Associated with Firm or FINRA
Name of Associated Firm (if FINRA, list FINRA)
Address of Person Associated with Firm or FINRA |
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Corporate Compliance Mailing Address of firm |
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Mark here if you or any member of your immediate family has been a corporate officer, director, |
Name of Corporation(s) |
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or owner of 10% or more of any public corporation within the past three months. |
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Member FINRA/SIPC |
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LPL Account Number
CR
4. Other Officer Information |
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Other Officer |
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Social Security Number |
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Residence Address (no P.O. boxes) |
Same as mailing address |
Date of Birth |
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Home Phone |
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MM / DD / YYYY
Mark here and complete the below information if a FINRA employee or person associated with a broker/dealer or municipal securities dealer has a financial interest in, controls trading in, or has discretionary authority over this account (e.g., accounts for minor children). This includes situations where you are employed by FINRA or associated with a broker/dealer or municipal securities dealer. This also includes situations where your spouse, domestic partner, or other immediate family member is employed by FINRA or associated with a broker/dealer or municipal securities dealer.
LPL will notify FINRA, the broker/dealer, or the municipal securities dealer regarding this account and may transmit duplicate statements, confirmations and other information concerning the account. By completing and signing this new account application, you authorize LPL to provide transactional data as listed above to FINRA, the broker/dealer, or municipal securities dealer as applicable.
Full Name of Person Associated with Firm or FINRA
Relationship to Account Holder of Person Associated with Firm or FINRA
Name of Associated Firm (if FINRA, list FINRA)
Address of Person Associated with Firm or FINRACorporate Compliance Mailing Address of firm
Mark here if you or any member of your immediate family has been a corporate officer, director, Name of Corporation(s) or owner of 10% or more of any public corporation within the past three months.
Certification
I hereby certify that a meeting, duly called, of the Board of Directors of the Corporation named in Section I, held on the date noted in Section I, at which said meeting a quorum was present and acting throughout, the following preamble and resolution was adopted and ever since has been and now is in full force and effect:
“Whereas this Corporation is duly authorized and permitted by its Charter and
I further certify that the following are the signatures of the officers (or others) authorized by the foregoing resolution to act for this Corporation:
In witness whereof, I have hereunto set my hand and
President/CEO SignatureDATEaffixed the seal of said organization this day:
Corporate Seal (If there is no Corporate Seal, write "None.")
Treasurer/CFO Signature
Other Officer’s Signature
Secretary or Appointing Officer’s Name (print) (write “none” if there is no other officer)
Secretary or Appointing Officer’s Signature
(Authorized officer(s) and secretary or officer appointing authorized officer(s) may not be the same unless the President is the only individual named in Section 3 and is the corporation’s only officer). If the President is the only individual named in Section II and is the corporation’s only officer, the President hereby certifies that the President is the sole owner of the business identified in Section I and there is no one else having any right, title or interest therein. As the sole owner of the company, the President hereby authorizes you to accept checks for credit to the President’s personal account that are drawn on this company. As the sole owner of the company, the President is the only person authorized to sell, assign or endorse for transfer certificates representing stocks, bonds or other securities registered in the name of or on behalf of said company.
DATE
MM / DD / YYYY
DATE
DATE
Member FINRA/SIPC |
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