Bill > SB511

This bill makes several adjustments to fees and financial provisions related to securities registration and filing in West Virginia. Specifically, the bill increases various fees, such as raising the agent registration fee from $66 to $70, changing the annual sales report filing fee from a minimum of $240 to $300, and introducing a new $375 filing fee for issuers planning to offer Tier 2 Regulation A securities. The bill also modifies the allocation of collected fees, increasing the percentage paid into the securities division's special operating fund from 20% to 30%. Additionally, the bill adds new requirements for federal-covered securities, including a detailed process for Regulation A – Tier 2 offerings, which involves submitting specific documentation at least 21 calendar days before initial sale, paying an initial filing fee, and providing options for renewal and amendment. These changes aim to update and potentially generate more revenue for the state's securities regulatory operations while providing clearer guidelines for securities offerings.

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http://www.wvlegislature.gov/Bill_Status/Bills_history.cfm?input=511&year=2025&sessiontype=RS&btype=bill