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.
