Washington § 21.20.060 - Contents of application for registration — Capital requirements.

Full text of Washington Revised Code of Washington § 21.20.060 — Contents of application for registration — Capital requirements., with citation guidance and answers to common questions.

§ 21.20.060. Contents of application for registration — Capital requirements.

The application shall contain whatever information the director requires concerning such matters as:
(1) The applicant's form and place of organization;
(2) The applicant's proposed method of doing business;
(3) The qualifications and business history of the applicant and in the case of a broker-dealer or investment adviser; any partner, officer, or director, or any person occupying a similar status or performing similar functions; or any person directly or indirectly controlling the broker-dealer or investment adviser;
(4) Any injunction or administrative order or conviction of a misdemeanor involving a security or any aspect of the securities business and any conviction of a felony;
(5) The applicant's financial condition and history;
(6) The address of the principal place of business of the applicant and the addresses of all branch offices of the applicant in this state; and
(7) Any information to be furnished or disseminated to any client or prospective client, if the applicant is an investment adviser.
The director may by rule or otherwise require a minimum capital for registered broker-dealers, not to exceed the limitations provided in section 15 of the Securities Exchange Act of 1934, and establish minimum financial requirements for investment advisers, not to exceed the limitations provided in section 222 of the Investment Advisers Act of 1940, which may include different requirements for investment advisers who maintain custody of clients' funds or securities or who have discretionary authority over those funds or securities, and may allow registrants to maintain a surety bond of appropriate amount as an alternative method of compliance with minimum capital or financial requirements.
[ 1998 c 15 s 5; 1995 c 46 s 1; 1994 c 256 s 7; 1965 c 17 s 1; 1959 c 282 s 6.]

Notes

Findings—Construction—1994 c 256: See RCW 43.320.007.

Source: official Washington text · Last verified 2026-08-27

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Frequently Asked Questions About Washington § 21.20.060

What does Revised Code of Washington § 21.20.060 cover?

Section 21.20.060 ("Contents of application for registration — Capital requirements.") is part of the Revised Code of Washington, the codified statutory law of Washington. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

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A common citation format is "Revised Code of Washington § 21.20.060" (Washington). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of Washington law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Washington official source linked on this page or consult a licensed Washington attorney.

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