Increasing certain fees under Uniform Securities provisions

SB 511 increases the registration fee for securities agents in West Virginia from $66 to $70, while maintaining existing fees for other registrants: $300 for broker-dealers, $200 for investment advisers, and $75 per investment adviser representative. The bill directly affects financial professionals and firms required to register under the state’s Uniform Securities Act, including agents, broker-dealers, and investment advisers. Key provisions specify these updated fee amounts in the registration process, with no changes to other fee structures or regulatory requirements. The bill amends Section 32-2-202 of the West Virginia Code to reflect these fee adjustments.