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Registration of Agent of Issuer
An Agent of Issuer is required to file the following:
- Form U-4 (Form maybe found at www.nasd.com)
- Proof of exams, (Series 63 and one (1) other exam, or just a Series 66). No waiver will be considered, in any case, except upon written application to the Commissioner.
- The statutory fee in the amount of two hundred fifty dollars ($250.00) which must be renewed every December 31st.
- Dual registration is prohibited. No person shall be concurrently registered as an agent of more than one (1) issuer.
On July 1, 1993, the Act (§32-3-305) was amended requiring that each registration statement filed under this
chapter registering investment company shares shall cover only one class, series or portfolio of investment
company shares. Therefore, a separate Agent of Issuer registration is required for each security (series,
portfolio or class) regardless of whether the securities are found under the same registration statement
or not. It is recommended (but not required) that an Issuer who has multiple securities or multiple agents
to offer and/or sell should register as a broker/dealer.
Termination. Upon termination of an issuer agent registration Form U-5 shall be filed pursuant to Rule 12.02 of the
Administrative Regulation of the Commissioner of Securities.
Disclaimer
The West Virginia Securities Commission uses links to other Web sites for the convenience of the user. Whenever you
click on links provided, you are leaving the West Virginia Securities Commission and entering an external site. The
Security Commission cannot attest to the accuracy of the information provided by the external linked sites, nor does
the Securities Commission endorse any products or information obtained from these external sites.
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