On Apr. 28, 2025, WV LEG reported the governor signed SB 677 increasing fees charged by commissioner of securities for each offering, effective Jul. 10, 2025.
On Apr. 21, WV LEG passed bill on securities commissioner's fees.
WV LEG passed bill SB 677 (PDF) increasing fees charged by commissioner of securities for each offering, related to fee changes in the Uniform securities act.
Bill amended and re-enacted WV FIN 32 re investment advisers and broker-dealers.
Bill Provisions
Makes fee changes in the Uniform securities act; adjusting fees to be remitted to the State auditor; and places submission requirements on certain issuers of securities.
In addition, bill changes include adjusting fund distributions made by State auditor.
Legislative History
On Mar. 4, 2025, bill introduced in Senate; passed and ordered to House Apr. 1, 2025.
On Apr. 2, 2025, bill introduced in House; passed and completed on Apr. 11, 2025.
On Apr. 21, 2025, bill passed to governor, as per senate journal, for approval.
Effectiveness
If enacted, bill will come into effect 90 days from passage (Jul. 10, 2025).
Apr. 2025 Governor Approval
On Apr. 28, 2025, WV LEG reported the governor signed SB 677 increasing fees charged by commissioner of securities for each offering, effective Jul. 10, 2025.
Regulators
WV LEG
Entity Types
B/D; Corp; IA
Reference
Act, 4/28/2025; Bill SB677, 4/21/2025; Citation: *WV FIN* 32;
