Mass Transfer: Firms may mass transfer registered agents from one firm to another. Michigan has a mass transfer fee of $65.00 per agent. FINRA will notify Michigan when the transfer takes place, and the fees will be deducted automatically from the broker dealer’s account.

Renewal fees: Payments are processed through the CRD System. The renewal fee is $300.00 per broker-dealer. The fee is deducted automatically from the broker-dealer's account based upon the renewal timetable set up each December by FINRA. All FINRA firms are notified well in advance of the renewal fee deadline and should have adequate monies in their account to cover all fees due. Failure to pay the renewal fee will result in a broker-dealer's registration being automatically terminated through the CRD System.