Corporate & Securities Law

By Jim Hamilton

Wisconsin Legislature Adopts Fee Increases

Effective June 30, 2009, the Wisconsin Legislature adopts the following fee increases:

1. Securities Agents/Investment Adviser Representatives:

$80 per person (up from $30)

2. Branch office maintenance: $80 (up from $30)

3. Securities Registration by Coordination or Qualification and initial filing fee for investment companies/federal covered securities under Section 18(b)(2) of NSMIA:

$1,500 (up from $750)

4. Annual sales report-related fees for investment companies:

minimum $750 (up from $150)
maximum $15,000 (up from $1,500)

NOTE: Same "formula" of 0.05% of sales in Wisconsin remains unchanged to calculate the fee between the minimum and maximum amounts.

Click here and see pgs. 1561-1563 under sections 2997 through 3002 for all the securities fee changes.

Full post as published by Jim Hamilton's World of Securities Regulation on June 30, 2009 (boomark / email).