# WAC 460-20C-060: WAC 460-20C-060. Notice of changes by broker-dealers > Washington · Regulations · In force URL: https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_460_20C_060 ## Section - **Citation:** WAC 460-20C-060 - **Heading:** WAC 460-20C-060. Notice of changes by broker-dealers - **Jurisdiction:** Washington - **Kind:** Regulations - **Status:** In force - **Text as of:** August 14, 2026 - **Source:** Compiled text - **Location:** Washington Administrative Code / Title 460 / Chapter 460-20C / Section 460-20C-060 ## Text If you are a broker-dealer registered or required to be registered under RCW 21.20.040 , you must comply with the following requirements: (1) You must promptly amend your Form BD if there is a material change to the information contained in the form, or if the information contained in the form is or becomes inaccurate or incomplete in any material respect. If you are a member of FINRA, you must file amendments to Form BD through CRD. If you are not a member of FINRA, you must submit your amended Form BD directly to the director. A material change includes, but is not necessarily limited to, the following: (a) A change in the name, ownership, management, or control of a broker-dealer; (b) A change in any of a broker-dealer's partners, directors, officers, or persons occupying a similar status performing similar functions; (c) A change in the business address or creation or termination of a branch office; (d) A change in the supervisory personnel of a branch office; (e) A change in the type of business engaged in by the broker-dealer; (f) Insolvency, dissolution, liquidation, or a material change in working capital; (g) Noncompliance with minimum net capital requirements; (h) Termination of business or discontinuance of activities as a broker-dealer; (i) Filing of a criminal charge or civil action against the broker-dealer or any of the broker-dealer's salespersons registered under RCW 21.20.040 which alleges a violation of securities laws; (j) Commencement of or notice of intent to commence any action by an administrative agency, regulatory agency, self-regulatory organization, or court to consider whether to deny, suspend, or revoke a registration, impose a fine, injunction, cease or desist, or other penalty upon the broker-dealer, and the result of such action, including subsequent measures taken by any agency, organization, or court; Commencement of or notice of intent to commence any action by an administrative agency, regulatory agency, self-regulatory organization, or court to consider whether to deny, suspend, or revoke a registration, impose a fine, injunction, cease or desist, or other penalty upon the broker-dealer, and the result of such action, including subsequent measures taken by any agency, organization, or court; (k) Filing of a civil action against any broker-dealer registered under RCW 21.20.040 alleging a cause of action other than a securities violation which, if proven, would materially affect the ability of the broker-dealer to do business, including any action materially affecting the financial condition of the broker-dealer; and (l) Any restriction or condition placed on the activities of the broker-dealer by any regulatory agency or self-regulatory organization. (2) You must promptly amend the Form U4 for any associated salesperson if there is a material change to the information contained in the form, or if the information contained in the form is or becomes inaccurate or incomplete in any material respect. If you are a member of FINRA, you must file amendments to Form U4 through CRD. If you are not a member of FINRA, you must submit the amended Form U4 directly to the director. (3) You must notify the director of the employment or association of any new salesperson in Washington by submitting a completed Form U4 through CRD (or directly to the director if you are not a member of FINRA) within 21 days after the employment or association. (4) You must notify the director of the termination of employment of any salesperson in Washington by submitting a completed Form U5 through CRD (or directly to the director if you are not a member of FINRA) within 30 days after the event occurs. ## Nearby sections - [WAC 460-20C-010 WAC 460-20C-010. Application of chapter](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_460_20C_010.md) - [WAC 460-20C-015 WAC 460-20C-015. Cross-reference to other sections relating to broker-dealers and salespersons](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_460_20C_015.md) - [WAC 460-20C-020 WAC 460-20C-020. Definitions](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_460_20C_020.md) - [WAC 460-20C-025 WAC 460-20C-025. Filings made through the Central Registration Depository](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_460_20C_025.md) - [WAC 460-20C-030 WAC 460-20C-030. Registration procedure](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_460_20C_030.md) - [WAC 460-20C-035 WAC 460-20C-035. Canadian broker-dealers and salespersons](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_460_20C_035.md) - [WAC 460-20C-040 WAC 460-20C-040. Examination requirements](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_460_20C_040.md) - [WAC 460-20C-045 WAC 460-20C-045. Notice of termination of pending applications](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_460_20C_045.md) - [WAC 460-20C-050 WAC 460-20C-050. Expiration and renewal of registration](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_460_20C_050.md) - [WAC 460-20C-060 WAC 460-20C-060. Notice of changes by broker-dealers](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_460_20C_060.md) - [WAC 460-20C-080 WAC 460-20C-080. Mass transfer of salespersons](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_460_20C_080.md) - [WAC 460-20C-090 WAC 460-20C-090. Termination of broker-dealer registration](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_460_20C_090.md) - [WAC 460-20C-100 WAC 460-20C-100. Termination of salesperson registration](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_460_20C_100.md) - [WAC 460-20C-110 WAC 460-20C-110. Minimum net capital requirements for broker-dealers](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_460_20C_110.md) --- Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_460_20C_060. Check the current official text before relying on it. Not legal advice.