New York Codes, Rules and Regulations
Title 13 - DEPARTMENT OF LAW
Chapter II - SECURITIES TRANSACTIONS AND PERSONNEL
Subchapter A - SECURITIES-GENERAL
Part 10 - BROKERS, DEALERS AND SALESPERSONS
Section 10.8 - Filing fees

Universal Citation: 13 NY Comp Codes Rules and Regs ยง 10.8

Current through Register Vol. 46, No. 39, September 25, 2024

(a) The Department of Law shall collect the following fees:

(1) $ 1,200 for each M-1 broker-dealer statement or Form BD filed by a non-FINRA member firm and for each Form NF filed;

(2) $ 1,200 for each M-11 issuer statement, Form D, or Uniform Notice Filing of Regulation A - Tier 2 Offering form where the amount of the offering is in excess of $ 500,000;
(i) All brokers and dealers whose principal business is in the offering, sale or promotion of real estate securities in or from the state of New York also shall pay the filing fees required by GBL § 352-e(7)(a).

(3) $ 300 for each M-11 issuer statement, Form D, or Uniform Notice Filing of Regulation A - Tier 2 Offering form where the amount of the offering is $ 500,000 or less;
(i) All brokers and dealers whose principal business is in the offering, sale or promotion of real estate securities in or from the state of New York also shall pay the filing fees required by GBL § 352-e(7)(a).

(4) $ 150 for each salesperson's statement, including Form M-2;

(5) $ 30 for each supplemental statement, including an amended Form D and other supplemental forms; and

(6) $ 300 for each M-10 (Real Estate) broker-dealer statement filed for or by a broker-dealer offering for sale, selling or promoting cooperative or homeowners association interests in real estate, including condominium units, plus $ 15 for each partner, officer, director or principal of any such firm, association or corporation.

(b) Checks for filing fees shall be made payable to the New York State Department of Law and shall be forwarded with appropriate filings to the New York State Department of Law, Investor Protection Bureau, 28 Liberty Street, New York, NY 10005. Only attorneys' checks, bank checks, certified checks, firm checks or money orders will be accepted. The Department of Law may accept other methods of payment at its discretion.

(c) Payments and filings shall be processed electronically upon implementation of a mandatory electronic filing or payment system by the Department of Law, unless a filer can demonstrate a material hardship presented by such electronic payment or filing method. In the case of hardship, the attorney general may accept payment by check or other means or a filing in paper form, at the Department of Law's discretion.

(d) Fee schedules for FINRA members are detailed in parts 10.2, 10.5, 10.6 and 10.7 and shall be communicated through the CRD system.

Disclaimer: These regulations may not be the most recent version. New York may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.