Investment Advisor Firms
The Registration section is charged with administering the registration provisions
of the Virginia Securities Act (“Act”), and it’s promulgated Rules. The goal of
the Act is to protect the investing public by requiring all broker-dealers, agents,
investment advisors, and investment advisor representatives to register before conducting
business in the state of Virginia. The registration provisions of the Act require
that each applicant submit relevant information to ensure that individuals and firms
dealing with Virginia investors meet a high standard of conduct, have passed required
securities examinations, and are financially solvent. In addition to registration,
registrants must continuously update their records as changes occur.
Who Must Register?
Any person engaged in the business of selling any type of security for the account
of others or for his/her own account, and any person advising others as to the value
of securities and charging a fee, is required to register. Every entity that performs
such duties in the Commonwealth must register unless exempted from registration
by the Act.
Investment Advisor & Representative Registration Instructions
FAQs - Broker-Dealer/Investment Advisor