Section 26-B130. FEES

 

130.1The filing fees shall be as follows:

 

(a) For initial and renewal licenses of each broker-dealer, the fee shall be two hundred and fifty dollars ($ 250);

 

(b) For initial and renewal application as an investment adviser, the fee shall be two hundred and fifty dollars ($ 250);

 

(c) For initial and renewal license of each agent, the fee shall be forty-five dollars ($ 45);

 

(d) For initial and renewal applications as an investment adviser representative, the fee shall be forty-five dollars ($ 45);

 

(e) For transfer of an agent's license, the fee shall be forty-five dollars ($ 45);

 

(f) For transfer of the license of an investment adviser representative, the fee shall be forty-five dollars ($ 45);

 

(g) For processing of fingerprints, the fee shall be fifty dollars ($ 50). 

 

130.2Fees paid pursuant this section shall be paid directly to the Financial Industry Regulatory Authority (“FINRA”) through the IARD or FINRA Central Registration Depository system. However, any applicant not a member of FINRA shall pay the fees pursuant to this section to the Commissioner, made payable to the "D.C. Treasurer" and shall be sent with the application for a license, or other request for services as set forth in these regulations, to the Department of Insurance, Securities and Banking, 810 First Street, N.E., Suite 601, Washington, D.C. 20002.

 

130.3All payments of fees made directly to the District of Columbia, except for payment of civil penalties under Section 602 (b)(4) of the Act (D.C. Official Code § 31-5606.02(b)(4); D.C. Register at 47 DCR 7877) as set forth below, shall be made by check, money order, United States postal money order, certified check, bank cashier's check, credit card, bank money order, or any manner of electronic transfer of funds acceptable to the Commissioner, payable to the "D.C. Treasurer".

 

130.4No third party check or money order endorsed over to the "District of Columbia" shall be accepted as payment of any fee.

 

130.5All payments for civil penalties under Section 602 of the Act (D.C. Official Code § 31-5606.02; D.C. Register at 47 DCR 7877) shall be made by United States postal money order, certified check or bank cashier's check, payable to the "D.C. Treasurer".

 

130.6Any person whose payment of fees is returned to the Department due to insufficient funds or for a similar reason shall pay to the District the amount of fee owed plus an additional fee in the amount of twenty-five dollars ($ 25.00) for each payment returned.

 

130.7The Commissioner may require any person to make payment of fees in the form of a United States postal money order, certified check, bank cashier's check or bank money order if any previous payment of fees has been returned to the Department due to insufficient funds or for a similar reason.

 

 

authority

Sections 101 through 104 of the DISB Fingerprint-Based Background Check Authorization Act of 2012, effective June 20, 2012 (D.C. Law 19-143; DC Official Code §§ 31-631–634 (2012 Repl.)); Section 203 of the Securities Act of 2000, effective October 26, 2000 (D.C. Law 13-203, D.C. Official Code § 31-5602.03(e) (2012 Repl.)); and Title I of the District of Columbia Administrative Procedure Act, effective October 1, 1968 (82 Stat. 1204; D.C. Official Code § 2-501, et seq.(2012 Repl.)).

source

Final Rulemaking published at 40 DCR 6732 (September 24, 1993); as amended by Emergency Rulemaking published at 48 DCR 1987 (March 2, 2001) [EXPIRED]; as amended by Final Rulemaking published at 48 DCR 4106 (May 11, 2001); as amended by Final Rulemaking published at 60 DCR 16653 (December 6, 2013).