This bill proposes an amendment to the Code of West Virginia, specifically targeting the registration fees for agents involved in broker-dealer and investment adviser activities. The primary change is the increase in the registration fee for agents from $66 to $70. This adjustment is part of a broader effort to ensure that the fees reflect the costs associated with administering the registration process.

In addition to the fee increase, the bill maintains existing provisions regarding the registration and notice filing procedures for broker-dealers, agents, and investment advisers. It outlines the necessary application requirements, including the submission of a consent to service of process and various disclosures about the applicant's qualifications and business history. The bill also retains the stipulation that the commissioner may require additional documentation and fees for federal-covered advisers and establishes conditions for the registration of successors and the posting of surety bonds for those with custody of client funds.

Statutes affected:
Introduced Version: 32-2-202