Incorrect Fee on Preliminary Renewal Statement for Georgia Investment Adviser Representatives

November 16, 2012

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The Georgia Securities Division recently issued a notice for investment adviser representatives registered in Georgia. The notice indicated that due to an administrative error, an investment adviser firm’s Preliminary Renewal Statements, now available on the Web CRD / IARD system, does not accurately reflect the correct investment adviser representative renewal fee.  The correct fee for individuals registered in Georgia as only an investment adviser representative is $100 per individual and not the $30 fee per individual as displayed on the Preliminary Renewal Statement. The Georgia Securities Division further indicated that correct fees will be displayed on Final Renewal Statements once those become available.

Posted by Bryan Hill
Labels: Georgia Investment Advisor, IARD, Investment Adviser Representative, Renewals