Division of Securities News

News from the Washington State Division of Securities.

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06/22/2018
The Securities Division has proposed to adjust the filing fees required for initial and renewal applications for registration as an investment adviser, broker-dealer, investment adviser representative, and securities salesperson, in addition to the initial and renewal and notice filing fees for federal covered advisers, upward by $10.00 to defray the costs of administering the Securities Act of Washington, chapter 21.20, pursuant to RCW 21.20.340 and RCW 43.320.110 as amended by Senate Bill 6024 (2018).
06/07/2018
Cybersecurity is an issue for firms of all sizes, and a growing issue for securities regulators at all levels. NASAA is hosting a one-day roundtable in Washington, D.C. to bring together leading experts to discuss critical cybersecurity issues for securities regulators and regulated entities. The roundtable will be broadcast live online starting at 10:30 a.m. (eastern) (7:30 a.m. (pacific)).
03/28/2018
The Securities Licensing and Examinations unit released a list of the 2017 most common investment adviser examination deficiencies.
02/14/2018
Renewal season is here. Here's what you need to know.
12/22/2017
The Securities Division intends to amend WAC 460-16A-205 to update its adoption of various statements of policy promulgated by the North American Securities Administrators Association (“NASAA”) that are applied to securities offerings sought to be registered under RCW 21.20.180 or 21.20.210.
08/23/2017
The Securities Division is planning to amend WAC 460-42A-030, which provides that certain municipal securities are exempt from registration under RCW 21.20.310(1), if they receive requisite ratings from designated ratings agencies, in order to correct an inadvertent drafting error. The public is welcome to submit comments to be considered by the Securities Division in the drafting of rules to be proposed at a later date.
04/14/2017
The Securities Division adopted its repeal of WAC 460-44A-505, the “Uniform offering exemption for limited offers and sales of securities not exceeding $5,000,000,” in light of the recent repeal of the corresponding federal exemption from securities registration.
03/09/2017
The Securities and Exchange Commission (SEC) is aware of reports of malicious emails sent to some EDGAR filers that appear to be part of a phishing campaign to compromise company network systems and obtain access to non-public information. The malicious emails purport to be communications from the SEC about changes to Form 10-K and sometimes contain malicious attachments. Clicking on the attachment(s) results in an attempt to install malware designed to obtain unauthorized access to the recipient’s computer and/or network.
02/03/2017
The Securities Division has amended WAC 460-10A, 460-42A, and 460-44A to make technical updates to the manual exemption, and to update references to securities manuals and rating agencies.
02/01/2017
Happy New Year! Thank you for successfully making your annual renewal payments. The final stage of the annual renewal process is your fiscal year end filings.
01/31/2017
The Securities Division proposes to repeal WAC 460-44A-505, the "Uniform offering exemption for limited offers and sales of securities not exceeding $5,000,000," in light of the recent repeal of the corresponding federal exemption from securities registration.
11/14/2016
Renewal season is here. Here's what you need to know.
03/08/2016
Information for investment advisers who are succeeding their business to another entity or individual. There are two types of succession: Succession by Amendment or Succession by New Application.
02/18/2016
The final stage of the annual renewal process is your fiscal year end filings.
02/10/2016
This addresses investment advisers moving to or opening a place of business in the State of Washington and providing investment advisory services for compensation in this state or holding themselves out as doing so, prior to registering in this state as investment advisers or investment adviser representatives.
01/07/2016
The Department of Financial Institutions has proposed new rules to implement the Washington Small Business Retirement Marketplace
12/21/2015
The Securities Division is considering proposing rules to require notice filings of crowdfunding offerings made under new federal rules.
12/14/2015
The Securities Division is considering amending the limited offering exemption in WAC 460-44A-504, as well as the crowdfunding rules contained in chapter 460-99C WAC, in the event the federal Securities and Exchange Commission (“SEC”) adopts amendments that have been proposed to related federal rules.
12/03/2015
The Washington Securities Division has adopted new rules to codify the filing requirements for securities registration renewal applications. The Securities Division frequently receives inquiries from securities issuers and attorneys asking how to apply for renewal. The new rules provide this information.
11/16/2015
Renewal season is almost here. The annual renewal fees for investment advisers and their representatives must be received by the Investment Adviser Registration Depository (IARD) no later than December 18, 2015.

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