Section 80A.76 — Section 509; Civil Liability.
80A.76 SECTION 509; CIVIL LIABILITY. (a) Securities Litigation Uniform Standards Act. Enforcement of civil liability under this section is subject to the Securities Litigation Uniform Standards Act of 1998. (b) Liability of seller to purchaser. A person is liable to the purchaser if the person sells a security in violation of section 80A.49 or, by […]
Section 80A.77 — Section 510; Rescission Offers.
80A.77 SECTION 510; RESCISSION OFFERS. A purchaser, seller, or recipient of investment advice may not maintain an action under section 80A.76 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 80A.76 may have arisen […]
Section 80A.68 — Section 501; General Fraud.
80A.68 SECTION 501; GENERAL FRAUD. It is unlawful for a person, in connection with the offer, sale, or purchase of a security, directly or indirectly: (1) to employ a device, scheme, or artifice to defraud; (2) to make an untrue statement of a material fact or to omit to state a material fact necessary in […]
Section 80A.69 — Section 502; Prohibited Conduct In Providing Investment Advice.
80A.69 SECTION 502; PROHIBITED CONDUCT IN PROVIDING INVESTMENT ADVICE. (a) Fraud in providing investment advice. It is unlawful for a person that advises others for compensation, either directly or indirectly or through publications or writings, as to the value of securities or the advisability of investing in, purchasing, or selling securities or that, for compensation […]
Section 80A.57 — Section 402; Agent Registration Requirement And Exemptions.
80A.57 SECTION 402; AGENT REGISTRATION REQUIREMENT AND EXEMPTIONS. (a) Registration requirement. It is unlawful for an individual to transact business in the state as an agent unless the individual is registered under this chapter as an agent or is exempt from registration as an agent under subsection (b). (b) Exemptions from registration. The following individuals […]
Section 80A.58 — Section 403; Investment Adviser Registration Requirement And Exemptions.
80A.58 SECTION 403; INVESTMENT ADVISER REGISTRATION REQUIREMENT AND EXEMPTIONS. (a) Registration requirement. It is unlawful for a person to transact business in this state as an investment adviser or investment adviser representative unless the person is registered under this chapter or is exempt from registration under subsection (b). (b) Exemptions from registration. The following persons […]
Section 80A.60 — Section 405; Federal Covered Investment Adviser Notice Filing Requirement.
80A.60 SECTION 405; FEDERAL COVERED INVESTMENT ADVISER NOTICE FILING REQUIREMENT. (a) Notice filing requirement. Except with respect to a federal covered investment adviser described in subsection (b), it is unlawful for a federal covered investment adviser to transact business in this state as a federal covered investment adviser unless the federal covered investment adviser complies […]
Section 80A.61 — Section 406; Registration By Broker-dealer, Agent, Funding Portal, Investment Adviser, And Investment Adviser Representative.
80A.61 SECTION 406; REGISTRATION BY BROKER-DEALER, AGENT, FUNDING PORTAL, INVESTMENT ADVISER, AND INVESTMENT ADVISER REPRESENTATIVE. (a) Application for initial registration by broker-dealer, agent, investment adviser, or investment adviser representative. A person shall register as a broker-dealer, agent, investment adviser, or investment adviser representative by filing an application and a consent to service of process complying […]
Section 80A.62 — Section 407; Succession And Change In Registration Of Broker-dealer Or Investment Adviser.
80A.62 SECTION 407; SUCCESSION AND CHANGE IN REGISTRATION OF BROKER-DEALER OR INVESTMENT ADVISER. (a) Succession. A broker-dealer or investment adviser may succeed to the current registration of another broker-dealer or investment adviser or a notice filing of a federal covered investment adviser, and a federal covered investment adviser may succeed to the current registration of […]
Section 80A.63 — Section 408; Termination Of Employment Or Association Of Agent And Transfer Of Employment Or Association.
80A.63 SECTION 408; TERMINATION OF EMPLOYMENT OR ASSOCIATION OF AGENT AND TRANSFER OF EMPLOYMENT OR ASSOCIATION. (a) Notice of termination. If an agent registered under this chapter terminates employment by or association with a broker-dealer or issuer, or terminates activities that require registration as an agent, the broker-dealer, or issuer shall promptly file a notice […]