MO HB2990

Reduces registration fees for agents and investment adviser representatives from $50 to $45 for applications, renewals, and changes of registration

Grants the commissioner authority to adjust fees by rule, limited to no more than once every four years and capped at $25 total increase over any eight-year period

Requires the commissioner to conduct comprehensive financial reviews every four years beginning in fiscal year 2030, with findings published within 90 days

Creates the Securities Division Fund to receive audit/inspection reimbursements and fee increase revenue, dedicated exclusively to division operations

Establishes a Restitution Recovery Fund to assist defrauded investors who received restitution awards but were not paid in full, capped at $25,000 or 25% of unpaid restitution per claim