Current through Reg. 49, No. 38; September 20, 2024
(a)
Registration and notice filing fees. Information about registration and notice
filing fees for original and renewal applications for dealer, agents, officers,
or partners of a securities dealer is available on the Agency's web site
located at www.ssb.state.tx.us or by contacting an office of the State
Securities Board.
(b) Reduced fees
for certain persons registered in multiple capacities.
(1) In general. A person may request reduced
fees under paragraph (2) of this subsection, provided they are registered or
are seeking registration in Texas:
(A) as
either an agent of a securities dealer or as a sole proprietor securities
dealer; and
(B) as either an
investment adviser representative of an investment adviser that has less than
five investment adviser representatives or as a sole proprietor investment
adviser with less than five investment adviser representatives.
(2) Procedure. Persons meeting the
requirements of paragraph (1) of this subsection may request reduced
registration fees by filing Form 133.36, Request for Reduced Fees for Certain
Persons Registered in Multiple Capacities. Form 133.36 must be filed at the
time the original application for investment adviser representative or sole
proprietor investment adviser registration is filed, or at least 30 days before
the person's existing investment adviser representative or sole proprietor
investment adviser registration will expire. On review of Form 133.36, the
Securities Commissioner may, in his or her discretion, grant or deny the
request for reduced fees or direct the person to supply additional
information.
(3) Reduced fees. If
the Securities Commissioner grants a person's request, the person must pay all
applicable fees for securities agent or dealer registration as specified in the
Texas Securities Act, §35.A, but is exempt from the fees specified in the
Texas Securities Act, §35.A, in connection with original and renewal
applications for investment adviser representative or sole proprietor
investment adviser registration, as applicable at the time Form 133.36 is
filed. The reduction in fees granted by the Securities Commissioner under this
subsection shall continue in force, without any further filings, as long as a
person remains registered in a multiple capacity status.
(c) Reduced fees for sole proprietor dealers.
A person seeking registration in multiple capacities as a sole proprietor
dealer and as the designated officer of that sole proprietor dealer shall pay
only the fee required in connection with the original or renewal application
for registering as a sole proprietor dealer.
(d) Fees for concurrent registrations.
Notwithstanding the Texas Securities Act, §35, a person shall pay only one
fee required under that section to engage in business in this state
concurrently for the same person or company as:
(1) a dealer and an investment adviser;
or
(2) an agent and an investment
adviser representative.
(e) Waiver of initial application fee and
examination fee for certain military applicants. A military applicant who meets
the requirements in §
RSA
115.18(c) of this chapter
(relating to Special Provisions Relating to Military Applicants) is eligible to
have his or her initial application fee in Texas and the fee to take the Texas
Securities Law Examination waived or refunded by following the procedure set
out in §115.18(c).
