Non-FINRA Broker Dealer Agent Registration

The following must be submitted in order to register in West Virginia as a Non-FINRA Broker-Dealer or Non-FINRA Broker Dealer Agent

An executed copy of the Form BD
Registration Fee of $250
Form U-2 (Consent to Service of Process)
$10,000 Surety Bond – if net capital is under $25,000
An un-audited Financial Statement, prepared within 45 days of filing, indicating net capital and attested to by a principal of the firm
A copy of the firm’s Articles of Incorporation
A copy of the firm’s By-Laws
A copy of the latest available Annual Audited Financial Statement indicating net capital

Branch Offices

Registration Fee of $50 per branch Schedule E listing branch offices in West Virginia.

Agents

Executed Form U-4 for each agent to be registered in West Virginia. Initial Registration Fee of $80 - Renewal Registration Fee of $65.

Exam Requirements - Option 1 - Current Series 63 and one other exam, or Option 2 - Series 66.

Dual Registration

An agent may not represent more than one broker / dealer unless it is shown in writing that the subject broker/dealers are under common corporate control.

All registrations expire annually on December 31st

Please make checks payable to WEST VIRGINIA STATE AUDITOR.

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

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.