{"id":"AGY-ST-INSURANCE-BANKING-060","kind":"order","level":"sector-regulator","jurisdiction":"West Virginia; Securities Commission, Office of the State Auditor (State securities regulator)","state":"WV","metro":"","industry":"","agency":"ST-INSURANCE-BANKING","eco":"","issuer":"Commissioner of Securities (State Auditor J.B. McCuskey)","authority":"W. Va. Code § 32-4-406 (rules and orders)","instrument":"Emergency Order: Temporary Relief for Registrants Affected by the COVID-19 Outbreak","title":"Emergency Order granting temporary relief to displaced broker-dealers, investment advisers and their agents and representatives","dateIssued":"2020-03-23","effective":"2020-03-23","end":"Until further order (temporary relief during the outbreak)","startDate":"2020-03-23","endDate":"2020-09-30","quarters":["2020Q2","2020Q3"],"types":["TELE","OTHER"],"addressees":["broker-dealers, state-registered investment advisers, federal covered investment advisers and their registered agents and representatives"],"clause":"[Financial professionals displaced by the outbreak are] temporarily exempted from the registration and filing requirements of the West Virginia Securities Act, West Virginia Code § 32-2-202 and related provisions in the following circumstances: 1. [The financial professional is displaced and working from a location outside the jurisdiction in] which he/she/it is currently registered as a response to the COVID-19 outbreak; 2. The financial professional was properly registered and/or notice filed with all [required regulators as of March 1, 2020]... 2. Open and maintain a temporary branch office or office of supervisory jurisdiction in West Virginia that was not in operation on March 1, 2020, provided that the financial professional informs the West [Virginia Securities Commission]... [and] is also relieved from the requirement to maintain updated Form U4 information regarding the office of [employment].","enforcement":"W. Va. Code § 32-4-407 (enforcement), § 32-4-410 (penalties)","functions":["WM broker-dealers and investment advisers (personnel working from homes and temporary offices; branch registration suspended)","OP office premises","HR registration"],"notes":"Follows the NASAA model order; identical structure in Exs. 061, 062, 064, 065.","sourceUrl":"https://www.nasaa.org/wp-content/uploads/2020/03/EMERGENCYORDERCOVID1932320.pdf","snapshot":"","fileExists":true,"fileBytes":264836,"grade":"primary","character":"","description":"","collection":"AGY-ST-INSURANCE-BANKING","url":"/library/AGY-ST-INSURANCE-BANKING-060","exhibitUrl":"/exhibit/AGY-ST-INSURANCE-BANKING-060","citation":"Commissioner of Securities (State Auditor J.B. McCuskey), Emergency Order: Temporary Relief for Registrants Affected by the COVID-19 Outbreak (Mar. 23, 2020) (Ex. AGY-ST-INSURANCE-BANKING-060)","stateName":"West Virginia","related":[]}