SB 5178-S - DIGEST

(DIGEST OF PROPOSED 1ST SUBSTITUTE)

     Specifies the documents which must be provided to a customer by a broker-dealer or investment adviser.

     Prohibits the charge of any fee for account activities without proper notice.

     Establishes penalties for violation of RCW 21.20.035 and 21.20.702.

     Establishes fiduciary duties of a broker-dealer or investment adviser.

     Declares an agreement which determines the venue of a judicial or arbitration proceeding is of no force and effect.