§ 655. Misleading filings
It is unlawful for a person to make or cause to be made, in a record that is used in an action or proceeding or filed under this chapter, a statement that, at the time and in the light of the circumstances under which it is made, is false or misleading in a material respect, […]
§ 656. Misrepresentations concerning registration or exception
The filing of an application for registration, a registration statement, a notice filing under this chapter, or the registration of a person, the notice filing by a person, or the registration of a security under this chapter does not constitute a finding by the Administrator that a record filed under this chapter is true, complete, […]
§ 657. Qualified immunity
A broker-dealer, agent, investment adviser, federal covered investment adviser, or investment adviser representative is not liable to another broker-dealer, agent, investment adviser, federal covered investment adviser, or investment adviser representative for defamation relating to an alleged untrue statement that is contained in a record required by the Administrator, or designee of the Administrator, the Securities […]
§ 658. Criminal penalties
(a) A person that willfully violates this chapter, or a rule adopted or order issued under this chapter, except section 654 or the notice filing requirements of section 622 or 635, or that willfully violates section 655 knowing the statement made to be false or misleading in a material respect, upon conviction, shall be fined […]
§ 659. Civil liability
(a) Enforcement of civil liability under this section is subject to the Securities Litigation Uniform Standards Act of 1998. (b) A person is liable to the purchaser if the person sells a security in violation of section 621, or by means of an untrue statement of a material fact or an omission to state a […]
§ 660. Rescission offers
A purchaser, seller, or recipient of investment advice may not maintain an action under section 659 if: (1) the purchaser, seller, or recipient of investment advice receives in a record, before the action is instituted: (A) an offer stating the respect in which liability under section 659 may have arisen and fairly advising the purchaser, […]
§ 661. Administration of chapter
(a) The Administrator shall administer this chapter. (b) It is unlawful for the Administrator or officer, employee or designee of the Administrator to use for personal benefit or the benefit of others records or other information obtained by or filed with the Administrator that are not public under section 667(b). This chapter does not authorize […]
§ 638. Termination of employment or association of agents and investment adviser representative and transfer of employment or association
(a) If an agent registered under this chapter terminates employment by or association with a broker-dealer or issuer, or if an investment adviser representative registered under this chapter terminates employment by or association with an investment adviser or federal covered investment adviser, or if either registrant terminates activities that require registration as an agent or […]
§ 639. Withdrawal of registration of broker-dealers, agents, investment advisers, and investment adviser representatives
Withdrawal of registration by a broker-dealer, agent, investment adviser, or investment adviser representative becomes effective 60 days after filing of the application to withdraw or within such shorter period as required by rule or order under this chapter unless a revocation or suspension proceeding is pending when the application is filed. If a proceeding is […]
§ 640. Filing fees
(a) A person shall pay a fee of $200 when initially filing an application as a broker-dealer for registration, and a fee of $50 when filing a renewal of registration as a broker-dealer. If the filing results in a denial or withdrawal, the Administrator shall retain the entire fee. (b) The fee for an individual […]