Dealer Requirements: Each dealer must be registered using a Form BD and by passing a USASLE exam on the Alabama Securities Law. Applicants must also pay a $200 registration fee.

Filing Fees: A filing fee of $40 plus a registration fee of 1/10 of 1% of the aggregate offering price of the securities which are to be offered. The fee shall in no case exceed $1,000.

If the information contained in any application for registration as a dealer, or in any amendment thereto, becomes inaccurate for any reason, the dealer shall file an amendment on Form BD within 30 days correcting such information in the manner provided in the General Instructions accompanying the form.

Registration of all dealers shall expire on December 31st of each year unless renewed for the following year by that date.

Official Recognition: No

Relevant Statute: Does not accept SCOR, but issuers may register by qualification.

Forms: Forms U-1, U-2, U-2A are used to register securities. Instructions: Contact the Alabama Securities Divisions and request usage of Form U-7 when registering securities.

Date Last Modified: 2/3/97

Regulatory Contact:

Contact:
Securities Commission

Address:
770 Washington Street, Suite 570
Montgomery AL 36130-4700

Phone:
(205) 242-2984

Fax:
(205) 242-0240