Federal Covered Advisers
Federal Covered Advisers required to file notice and investment adviser
representatives required to be registered shall make their West Virginia notice
and registration filings, including renewals, amendments and statutory filing
fees, through the "IARD"
www.IARD.com Phone: 240.386.4848.
Notice Filing Procedures for "Federally Covered" Adviser (SEND NO DOCUMENTS TO
THIS OFFICE).
To file in the State of West Virginia, the following information is required:
- Form ADV on "IARD"
- $200.00 fee paid through the "IARD"
Additionally, if you have a "place of business" in West Virginia:
- Form U-4
- $100.00 fee ($85.00 renewal) for each representative paid through the "IARD"
- Proof of exams: a Series 65 or a Series 7 and a Series 66. Grandfathering: a
Series 63 and one (1) other NASD exam, if they were passed before January 1,
1995, or just a Series 66 if it was passed before January 1, 2000. Waivers: for
professional designations CFP, ChFC, PFS, CFA, & CIC. No waiver will be
considered except upon written request.
All Notice Filings and Representative Registrations expire December 31st of each
year.
NOTE: If a new adviser has a "reasonable expectation" that they would be
eligible for federal registration within 90 days, they should submit a notice
filing in West Virginia. Also, Advisers may claim the de minimis exemption from
the notice filing requirement if they have no place of business in this state
and, during any period of twelve (12) consecutive months, the Adviser does not
have more than five (5) clients who are residents of this state.
(REV.10/01/03)
Download Federal Covered Amended 2003
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