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2017 Maryland Code
Corporations and Associations
Title 11 - Maryland Securities Act
Subtitle 4 - Requirements of Broker-Dealers, Agents, Investment Advisers, Investment Adviser Representatives, and Federal Covered Advisers
§ 11-407. Filing fee
Universal Citation: MD Corp & Assn Code § 11-407 (2017)
- (a) Broker-dealers. --
- (1) An applicant for initial or renewal registration as a broker-dealer shall pay a fee of $ 250.
- (2)
- (i) An applicant for initial or renewal registration or transfer of registration as an agent shall pay a fee of $ 50.
- (ii) From the fee paid under this paragraph, $ 15 shall be distributed to the Securities Act Registration Fund established under § 11-208 of this title.
- (b) Investment advisers; federal covered advisers. --
- (1) An applicant for initial or renewal registration as an investment adviser shall pay a fee of $ 300.
- (2) A federal covered adviser filing notice under § 11-405(b) of this subtitle shall pay an initial fee of $ 300 and a renewal fee of $ 300.
- (3) A private fund adviser filing notice under § 11-405(c) of this subtitle shall pay an initial fee of $ 300 and a renewal fee of $ 300.
- (4) An applicant for initial or renewal registration or transfer of registration as an investment adviser representative shall pay a fee of $ 50.
- (c) Waiver of fee. -- The Commissioner by rule may waive or reduce for any class of applicant the application of the fee requirements set forth in subsection (b) of this section.
- (d) Denial or withdrawal of application or notice filing. -- If an application is denied or an application or notice filing is withdrawn, the Commissioner shall retain the fee.
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