The Securities Bureau of the Department of Insurance, Securities and Banking (DISB) administers and enforces the District of Columbia’s laws and regulations applicable to securities offerings and investment professionals. DISB licenses and monitors investment advisers and their representatives and broker-dealers and their agents, and reviews certain public securities offerings in the District of Columbia, independently or in conjunction with the federal Securities and Exchange Commission (SEC).

DISB also receives notice filings of other public securities offerings, such as mutual funds, which are reviewed solely by the SEC, and certain exempt or private securities offerings, such as offerings pursuant to SEC Regulation D, Rule 506. DISB strives to protect DC investors by ensuring that those who provide investment opportunities and investment-related services are qualified and properly licensed and comply with all applicable investor protection requirements. The DISB Examinations Division conducts compliance examinations of investment advisers and broker-dealers to ensure compliance with applicable rules and statutes.

Updated Resources for the Securities Industry

• Lockbox Bulletin COVID-19
• Questions and Answers for Securities Professionals
• May 28, 2020—Filing Clean Hands Form
• DISB Securities Frequently Asked Questions
• DISB Change in Operations Due to COVID-19

Licensing and Registration Requirements

• 2021 FINRA Annual Renewal Program
• Broker-Dealers
• Investment Advisers and Representatives
• Corporation Finance

Securities Examinations

• Examination Process

Hearings and Administrative Actions

• Administrative Hearing Process
• Securities-related Administrative Actions

Laws, Regulations and Rulemakings

• Enacted Laws and Regulations
• Check Status of Legislation on DC Council's Legislative Information Management System (LIMS)
• How to Search the DC Code on LexisNexis
• District of Columbia Official Code
• Broker-Dealers, Investment Advisers and Investment Adviser Representatives Regulations
• Securities Registration Rules

Policy Statements and Interpretations

• Securities Bulletins

Requirements involving Senior clients and clients with diminished capacity

• Mandatory Reporting for Banks and Other Financial Managers Under the Adult Protective Services Act

Multistate Initiatives

• NASAA Offers New Resource to Help Investment Advisers Identify State Registration Requirements
• Frequently Asked Questions Regarding Mid-Sized Advisers Issued by the SEC’s Division of Investment Management

Access to Capital Programs

• Investment Crowdfunding for businesses based in the District