Connecticut Uniform Securities Act

Connecticut · 36B · §§ 36b-10 to 36b-9 · 36 sections

Overview

This act governs the offer and sale of securities within a state, establishing a regulatory framework administered by a state securities authority. It defines the securities, transactions, and market participants subject to regulation, and requires broker-dealers, sales representatives, transfer agents, investment advisers, and their representatives to be licensed, with examination requirements, application and fee procedures, and exemptions for certain categories of firms and individuals. It also addresses fraud and deceit in connection with securities transactions, and extends coverage to specialized investment products such as viatical settlements.

Editorial summary generated from the text of this act. It is not part of the statute — read the sections below for the operative language.

In the courts

Sections of this act have been cited in 22 court decisions.

Most-cited authority: 541 F. Supp. 2d 986 - In Re National Century Financial Enterprises, Inc., Investment Litigation

Sections covered

Conn. Gen. Stat. § 36b-10(Formerly Sec. 36-478). Application for registration to be under oath
Conn. Gen. Stat. § 36b-11(Formerly Sec. 36-479). Photograph to accompany each application for registration
Conn. Gen. Stat. § 36b-12(Formerly Sec. 36-480). Application and registration fees
Conn. Gen. Stat. § 36b-13(Formerly Sec. 36-481). Registration renewal. Requirements
Conn. Gen. Stat. § 36b-14(Formerly Sec. 36-482). Records and financial reports required. Definitions. Disclosure of financial exploitation or suspected exploitation. Trusted contact person. Hold on disbursement or transaction. Immunity
Conn. Gen. Stat. § 36b-15(Formerly Sec. 36-484). Denial, suspension or revocation of registration by commissioner. Withdrawal from registration or of application
Conn. Gen. Stat. § 36b-16(Formerly Sec. 36-485). Registration of security prior to offer or sale required. Exceptions
Conn. Gen. Stat. § 36b-17(Formerly Sec. 36-486). Registration of security by coordination. Registration statement. Contents. Effective date
Conn. Gen. Stat. § 36b-18(Formerly Sec. 36-487). Registration of security by qualification. Statement contents. Effective date
Conn. Gen. Stat. § 36b-19(Formerly Sec. 36-488). Registration statement filed by issuer, person on whose behalf offering is to be made or registered broker-dealer. Fee. Contents. Effective date. Regulation by commissioner
Conn. Gen. Stat. § 36b-2(Formerly Sec. 36-470). Short title: Connecticut Uniform Securities Act2 cites
Conn. Gen. Stat. § 36b-20(Formerly Sec. 36-489). Stop order. When issued by commissioner. Registration statement deemed abandoned, when
Conn. Gen. Stat. § 36b-21(Formerly Sec. 36-490). Exemption of certain securities and transactions. Denial or revocation of exemption
Conn. Gen. Stat. § 36b-22(Formerly Sec. 36-491). Filing of material intended for distribution to prospective investors
Conn. Gen. Stat. § 36b-22aInvestment advisers and investment adviser agents to provide schedule of charges, fees and penalties to clients
Conn. Gen. Stat. § 36b-23(Formerly Sec. 36-492). False or misleading statements or omissions prohibited
Conn. Gen. Stat. § 36b-24(Formerly Sec. 36-493). Findings by commissioner
Conn. Gen. Stat. § 36b-25(Formerly Sec. 36-494). Administration of chapter. Use and disclosure of information obtained under chapter
Conn. Gen. Stat. § 36b-26(Formerly Sec. 36-495). Investigative powers of commissioner
Conn. Gen. Stat. § 36b-27(Formerly Sec. 36-496). Enforcement powers of commissioner
Conn. Gen. Stat. § 36b-28(Formerly Sec. 36-497). Penalties
Conn. Gen. Stat. § 36b-29(Formerly Sec. 36-498). Buyer's remedies10 cites
Conn. Gen. Stat. § 36b-3(Formerly Sec. 36-471). Definitions2 cites
Conn. Gen. Stat. § 36b-30(Formerly Sec. 36-499). Appeals
Conn. Gen. Stat. § 36b-31(Formerly Sec. 36-500). Regulatory power of commissioner. Hearings
Conn. Gen. Stat. § 36b-32(Formerly Sec. 36-501). Filing of documents. Register of applications, statements and orders. Copies
Conn. Gen. Stat. § 36b-32aApplicability of The Philanthropy Protection Act of 1995
Conn. Gen. Stat. § 36b-33(Formerly Sec. 36-502). Applicability of chapter to offers to buy or sell. Appointment of commissioner as attorney for process
Conn. Gen. Stat. § 36b-34Compliance with federal Currency and Foreign Transactions Reporting Act
Conn. Gen. Stat. § 36b-35Connecticut Securities Law and Business Opportunity Investment Act › Uniform Securities Act
Conn. Gen. Stat. § 36b-4(Formerly Sec. 36-472). Prohibited activities re the offer, sale or purchase of any security. Regulations7 cites
Conn. Gen. Stat. § 36b-5(Formerly Sec. 36-473). Prohibited activities of investment advisers and persons who solicit advisory business on behalf of investment advisers
Conn. Gen. Stat. § 36b-6(Formerly Sec. 36-474). Broker-dealer, agent or investment adviser required to register. Exemptions. Branch offices. Notice re termination of business1 cite
Conn. Gen. Stat. § 36b-7(Formerly Sec. 36-475). Application for initial or renewal registration. Registration conditions. Waiver of specific registration requirements
Conn. Gen. Stat. § 36b-8(Formerly Sec. 36-476). Investigation of applicant for registration. Register
Conn. Gen. Stat. § 36b-9(Formerly Sec. 36-477). Statement of financial condition

Enacted in other states

Hawaii, Iowa, Idaho, Indiana, Massachusetts, New Hampshire, New Mexico, Nevada, South Carolina, South Dakota, Utah, Vermont, West Virginia, Wyoming

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