Annual Sales Report Requirement
West Virginia Code §32-3-305(o) enacted by Senate Bill 2003, effective June
13, 2003, states, “Every registered issuer or notice filing shall annually file
a sales report and shall pay a filing fee for that report of one tenth of one
percent of the maximum offering price at which the registered or noticed
securities are offered in this state but the fee shall in no case be less than
two hundred dollars nor more than fifteen hundred dollars.”
Note: Fee is calculated on unsold aggregate balance as of ending Sales
Report date. See attached Order No. 03-1293 for further details. Please call
888-368-9507 or 304-558-2257, if you have questions.
Note: Annual Sales Report Requests will be e-mailed out by the West Virginia Securities Commission on the anniversary of the filing's effective date in West Virginia.
Failure to remit the sales amount and fee within 30 days
after the ending Sales Report date (current year effective date) will result in
the issuance of an Administrative Stop Order. Please remit the amount of sales during the past year to the West Virginia State Auditor’s Office with the appropriate fee,
payable to the West Virginia State Auditor.
Downloads
Annual Sales Report Requirement
Sales Report Order 2003 Amended
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