§ 5613. Collection and disposition of fees
§ 5613. Collection and disposition of fees (a) The fees provided for in this chapter shall be collected by the Commissioner and covered into the State Treasury except as provided in subsections (b) and (e) of this section. (b) There is hereby created a fund to be known as the Securities Regulation and Supervision Fund. […]
§ 5614. Recovery of expenses
§ 5614. Recovery of expenses (a) Whenever it is necessary for the Commissioner to incur any expense in connection with any application, notification, registration, license, investigation, or administrative proceeding, the Commissioner may require that any person who is the subject of such application, notification, registration, license, investigation, or administrative proceeding pay the reasonable costs incurred […]
§ 5616. Vermont Financial Services Education and Victim Restitution Special Fund
§ 5616. Vermont Financial Services Education and Victim Restitution Special Fund (a) Purpose. The purpose of this section is to provide: (1) funds for the purposes specified in subsection 5601(d) of this title; (2) restitution assistance to victims of securities violations who: (A) were awarded restitution in a final order issued by the Commissioner or […]
§ 5617. Vermont Whistleblower Award and Protection Act
§ 5617. Vermont Whistleblower Award and Protection Act (a) Purpose. The purpose of this section is to provide: (1) protection from retaliation for whistleblowers and internal reporters who comply with the requirements in this section; and (2) monetary awards to whistleblowers who voluntarily provide original information that leads to the successful enforcement of an administrative […]
§ 5607. Public records; confidentiality
§ 5607. Public records; confidentiality (a) Except as otherwise provided in subsection (b) of this section, records obtained by the Commissioner or filed under this chapter, including a record contained in or filed with a registration statement, application, notice filing, or report, are public records and are available for public examination. (b) The following records […]
§ 5608. Uniformity and cooperation with other agencies
§ 5608. Uniformity and cooperation with other agencies (a) The Commissioner shall, in his or her discretion, cooperate, coordinate, consult, and, subject to section 5607 of this chapter, share records and information with the securities regulator of another state, Canada, a Canadian province or territory, a foreign jurisdiction, the Securities and Exchange Commission, the U.S. […]
§ 5609. Judicial review
§ 5609. Judicial review Any person aggrieved and directly affected by a final order issued by the Commissioner under this chapter may appeal to the Superior Court of Washington County. The appeal shall be heard by the court de novo. The filing of an appeal shall not stay enforcement of the order, but the court […]
§ 5610. Jurisdiction
§ 5610. Jurisdiction (a) Sections 5301 and 5302, subsections 5401(a), 5402(a), 5403(a), and 5404(a) and sections 5501, 5506, 5509, and 5510 of this chapter do not apply to a person that sells or offers to sell a security unless the offer to sell or the sale is made in this State or the offer to […]
§ 5611. Service of process
§ 5611. Service of process (a) A consent to service of process complying with this section required by this chapter must be signed and filed in the form required by a rule or order under this chapter. A consent appointing the Commissioner the person’s agent for service of process in a noncriminal action or proceeding […]
§ 5612. Severability clause
§ 5612. Severability clause If any provision of this chapter or its application to any person or circumstances is held invalid, the invalidity does not affect other provisions or applications of this chapter that can be given effect without the invalid provision or application, and to this end, the provisions of this chapter are severable. […]