HB137

Montana HB137 revises securities registration fees, eliminating distinctions between in-state and out-of-state salespersons or investment adviser.

Montana HB137 revises securities laws by adjusting fees for various securities-related filings and registrations. It eliminates the distinction between in-state and out-of-state salespersons or investment adviser representatives, setting uniform fees for original registration, annual renewal, and transfers. The bill also modifies fees for broker-dealers, investment advisers, and federal covered advisers, and establishes a tiered fee structure for securities registration based on the offering price. The act is effective upon passage and applies to fees paid on or after the effective date.