Sec. 36b-12. (Formerly Sec. 36-480). Application and registration fees.
Sec. 36b-12. (Formerly Sec. 36-480). Application and registration fees. (a)
Each person applying for registration as a broker-dealer or investment adviser shall pay
to the commissioner or to any person designated by the commissioner in writing to
collect such fee on behalf of the commissioner, a nonrefundable fee of two hundred
fifty dollars.
(b) Each person applying for registration as an agent or investment adviser agent
shall pay to the commissioner or to any person designated by the commissioner to collect
such fee on behalf of the commissioner, a nonrefundable fee of fifty dollars.
(c) Each registration issued pursuant to this section shall expire at the close of business on December thirty-first of the calendar year in which the registration became
effective.
(d) (1) Except as provided in subdivision (2) of this subsection, each person registered as an agent or investment adviser agent, requesting transfer of the registration of
such agent or investment adviser agent to another registered broker-dealer or investment
adviser, shall pay to the commissioner or to any person designated by the commissioner
in writing to collect such fee on behalf of the commissioner, a nonrefundable fee of fifty
dollars for each transfer requested.
(2) Each broker-dealer or investment adviser receiving a mass transfer shall pay to
the commissioner or to any person designated by the commissioner in writing to collect
such fee on behalf of the commissioner, a nonrefundable fee of fifty dollars for each
agent or investment adviser agent whose registration is transferred. For purposes of this
subsection, "mass transfer" means a transfer of multiple agents of a broker-dealer or
investment adviser agents of an investment adviser from a transferring broker-dealer
or investment adviser to a receiving broker-dealer or investment adviser due to a cessation of business activity, succession, acquisition, merger, consolidation or other reorganization affecting the transferring broker-dealer or investment adviser.
(e) Each person applying for registration under subsection (a) or (b) of this section
and any registrant applying for renewal of such registration under section 36b-13 shall
pay the actual cost, as determined by the commissioner, of any reasonable investigation
or examination made of such applicant or registrant by or on behalf of the commissioner.
(P.A. 77-482, S. 11; P.A. 78-34, S. 4, 17; P.A. 83-368, S. 4, 11; P.A. 04-45, S. 3.)
History: P.A. 78-34 reduced fee in Subsec. (c) from $20 to $15; P.A. 83-368 made each registration expire on December
thirty-first of each calendar year unless renewed, increased the registration fee for broker-dealers or investment advisors
to $250 and for agents or investment advisor agents to $50 and made technical changes; Sec. 36-480 transferred to Sec.
36b-12 in 1995; P.A. 04-45 amended Subsecs. (a) and (b) to make technical changes, amended Subsec. (c) to change
expiration of each registration issued under section from December thirty-first of each calendar year unless renewed to at
the close of business on December thirty-first of the calendar year in which the registration became effective, amended
Subsec. (d) to designate existing provisions as Subdiv. (1) and amend same by making technical changes and providing
that $50 fee be nonrefundable and to add Subdiv. (2) requiring each broker-dealer or investment adviser receiving a mass
transfer to pay nonrefundable $50 fee for each agent or investment adviser agent whose registration is transferred and
defining "mass transfer", and amended Subsec. (e) to make technical changes.