Post Registration Requirements

Registrations expire annually on December 31st. Broker/Dealer, Broker/Dealer agent and branch office registration fees must again be remitted in order to remain registered. Non-FINRA Broker/Dealers not renewing or withdrawing at any time must submit a Form BDW.

Broker/Dealers not submitting a surety bond must at all times maintain a minimum net capital of Twenty-five Thousand ($25,000.00) dollars. If net capital is less than Twenty-five Thousand ($25,000.00) dollars, a Ten Thousand ($10,000.00) dollar surety bond must be submitted.

Note: An agent who relies upon exclusions from the definition of Investment Advisor Representative is required to pass the following qualifying examinations:

• Uniform Investment Advisor Law Examination (Series 65) and one (1) other examination; or
• Full Registration/General Securities Representative (Series 7GS) and one (1) other examination; or
• Uniform Combined State Law Examination (Series 66).

No waiver will be considered except upon written application.
An applicant must be registered or qualified to engage in the securities business in the State of the applicant’s principal place of business.

For further information, please contact the West Virginia Securities Commission at 304.558.2257

Disclaimer

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