Press Releases

For Immediate Release

July 1, 2009 Contact: Charles Evenson
608-266-2026

Wisconsin Biennial Budget Legislation Contains Securities Law Fee Changes Effective July 1, 2009.

The Budget Legislation fee changes impact investment companies and the fees for securities agents and investment adviser representatives, as well as broker-dealer and investment advisor branch office fees in the following respects, and are applicable to filings made on or after July 1, 2009:

(1) License/Registration fees for securities agents and investment adviser representatives are increased from the current $30 per person to $80 per person. Notice (PDF: 55 KB / 1 page)

(2) Broker-dealer and investment adviser branch office fees are increased to $80 from the current $30.

(3) All securities registration filing fees (by coordination or qualification) are increased from the current $750 to $1,500, as is the initial filing fee for investment company/federal covered security filings.

(4) The annual sales report-related fees for investment companies (which formerly were a minimum of $150 and a maximum of $1500) are increased to a minimum of $750 and a maximum of $15,000. The same computation "formula" of 0.05 % of sales in Wisconsin is unchanged for purposes computing the fee between the minimum and the maximum amounts.