Registration Fees
Broker-Dealer and Investment Adviser Registration and Transfer Fees
| Initial Fees |
|---|
| Initial registration fee for broker-dealer | $450 |
|---|
| Initial registration fee for agents of broker-dealers and issuers | $75 |
|---|
| Initial registration fee for investment advisers | $300 |
|---|
| Massachusetts Notice Filing (SEC Registered IA) | $300 |
|---|
| Initial registration fee for investment adviser representatives | $50 |
|---|
| Exempt Reporting Adviser | $300 |
|---|
| Transfer Fees |
|---|
| Investment Adviser Representatives transfer fee per IAR | $50 |
|---|
| Broker-dealer Agent transfer fee per Agent | $75 |
|---|
Broker-Dealer and Investment Adviser Renewal Fees
| Renewal Fees |
|---|
| Renewal registration fee for broker-dealer | $450 |
|---|
| Renewal registration fee for agents of broker-dealers and issuers | $75 |
|---|
| Renewal registration fee for investment advisers | $300 |
|---|
| Massachusetts Notice Filing (SEC Registered IA) | $300 |
|---|
| Renewal registration fee for investment adviser representatives | $50 |
|---|
| Exempt Reporting Adviser | $300 |
|---|
* All fees are nonrefundable, with one exemption: renewal fees will be refunded for agents and investment adviser representatives identified on the CRD/IARD as active military as of the last day of the year.