News from the Washington State Division of Securities.
11/20/2023
Renewal season is almost here. Renewal has two steps: (1) payment of annual renewal fees to the Investment Adviser Registration Depository (IARD), which must be received by the IARD no later than <strong>December 14, 2020</strong>; and (2) annual filing requirements, which are due within 90-120 days after the investment adviser’s fiscal year end (FYE).
07/18/2023
Frequently asked questions regarding reporting violations of state or federal securities laws and regulations.
04/14/2020
Guidance for state-registered investment advisers regarding the impact of CARES Act loans on the net worth required of advisors under our rules.
09/20/2019
The Securities Division is issuing this notice to inform franchisors and their counsel of the Division’s position regarding whether franchisors must disclose assurances of discontinuance in their Franchise Disclosure Documents.
12/01/2017
Information Regarding Registration of a Successor for an Investment Adviser
02/10/2016
This addresses investment advisers moving to or opening a place of business in the State of Washington.
10/30/2015
The Securities Division is pleased to announce the availability of its online electronic filing system for franchise broker and franchise exemption applications.
06/11/2015
The Securities Division has adopted Franchise Act Interpretive Statement FIS-08 (“Interpretive Statement”). The Interpretive Statement provides guidance on acceptable methods of demonstrating compliance with the net worth requirement found in RCW 19.100.030(4)(b)(i)(4).
02/18/2015
The Division of Securities has published FAQs and answers regarding crowdfunding.
01/22/2015
Startups and other private companies offering securities to investors in multiple states may be able to lower costs and reduce paperwork required to notify state securities regulators. On Dec. 15, 2014, the North American Securities Administrators Association (NASAA) launched a new multi-state filing system enabling private issuers to submit Form D for Regulation D, Rule 506 offerings and pay related fees to participating state securities regulators online in a streamlined manner.
01/08/2015
Washington will require compliance with the NASAA Multi-Unit Commentary by March 15, 2015.
01/01/2014
The final stage of the annual renewal process is your fiscal year end filings. These must be completed within 90 days after your fiscal year end. If your fiscal year end is December 31, your filing requirements will be due March 31. Please see the notice linked below for more information.
10/23/2013
On July 10, 2013, the Securities and Exchange Commission (SEC) adopted rules eliminating the prohibition on general solicitation and general advertising and disqualifying felons and other "bad actors" from Rule 506 offerings. The rules became effective on September 23, 2013. NASAA has prepared the following FAQ that addresses certain issues relating to the General Solicitation Rules and Bad Actor Rules.
03/05/2013
The Division of Securities has determined that advertisement of the "Five Star Wealth Manager: Best in Client Satisfaction" award (granted prior to 2012) is prohibited, and advertisement of the "Five Star Wealth Manager" award (granted in 2012 and forward) is restricted. Similar analysis will be applied to like programs and advertising.