Iowa Uniform Securities Act

Iowa · Uniform Securities Act · §§ 502.101 to 502.810 · 79 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 12 court decisions.

Most-cited authority: 619 F.3d 867 - Lustgraaf v. Behrens

Sections covered

Iowa Code § 502.101Short title
Iowa Code § 502.102Definitions1 cite
Iowa Code § 502.103References to federal statutes
Iowa Code § 502.104References to federal agencies
Iowa Code § 502.105Electronic records and signatures
Iowa Code § 502.201Exempt securities
Iowa Code § 502.202Exempt transactions
Iowa Code § 502.203Additional exemptions and waivers1 cite
Iowa Code § 502.204Denial, suspension, revocation, condition, or limitation of exemptions
Iowa Code § 502.207BLegislative review and oversight. Repealed by
Iowa Code § 502.301Securities registration requirement
Iowa Code § 502.302Notice filing
Iowa Code § 502.303Securities registration by coordination
Iowa Code § 502.304Securities registration by qualification
Iowa Code § 502.304AExpedited registration by filing for small issuers
Iowa Code § 502.305Securities registration filings
Iowa Code § 502.306Denial, suspension, and revocation of securities registration
Iowa Code § 502.307Waiver and modification
Iowa Code § 502.321ASpecial definitions
Iowa Code § 502.321BRegistration requirements — hearing
Iowa Code § 502.321CFiling of solicitation materials
Iowa Code § 502.321DFraudulent, deceptive, or manipulative acts and practices prohibited
Iowa Code § 502.321ELimitations on offers and offerors
Iowa Code § 502.321FAdministration — rules and orders
Iowa Code § 502.321GFees
Iowa Code § 502.321HNonapplication of corporate takeover law
Iowa Code § 502.321IApplication of securities law
Iowa Code § 502.401Broker-dealer registration requirement and exemptions2 cites
Iowa Code § 502.402Agent registration requirement and exemptions1 cite
Iowa Code § 502.403Investment adviser registration requirement and exemptions
Iowa Code § 502.404Investment adviser representative registration requirement and exemptions
Iowa Code § 502.405Federal covered investment adviser notice filing requirement
Iowa Code § 502.406Registration by broker-dealer, agent, investment adviser, and investment adviser representative
Iowa Code § 502.407Succession and change in registration of broker-dealer or investment adviser
Iowa Code § 502.408Termination of employment or association of agent and investment adviser representative and transfer of employment or association
Iowa Code § 502.409Withdrawal of registration of broker-dealer, agent, investment adviser, and investment adviser representative — cessation of business — abandoned filings
Iowa Code § 502.410Filing fees
Iowa Code § 502.411Postregistration requirements
Iowa Code § 502.412Denial, revocation, suspension, withdrawal, restriction, condition, or limitation of registration
Iowa Code § 502.501General fraud
Iowa Code § 502.501AProhibited transactions of broker-dealers and agents
Iowa Code § 502.502Prohibited conduct in providing investment advice
Iowa Code § 502.502AAdvisory misconduct. Repealed by
Iowa Code § 502.503Evidentiary burden
Iowa Code § 502.504Filing of sales and advertising literature
Iowa Code § 502.505Misleading filings
Iowa Code § 502.506Misrepresentations concerning registration or exemption — official endorsements prohibited
Iowa Code § 502.506AMisstatements in publicity prohibited
Iowa Code § 502.507Qualified immunity
Iowa Code § 502.508Criminal penalties
Iowa Code § 502.509Civil liability6 cites
Iowa Code § 502.510Rescission offers
Iowa Code § 502.511Investment advisers and investment adviser representatives — expungement of certain reported information
Iowa Code § 502.601Administration1 cite
Iowa Code § 502.602Investigations and subpoenas
Iowa Code § 502.603Civil enforcement
Iowa Code § 502.603ACooperation with other agencies. Repealed by
Iowa Code § 502.604Administrative enforcement
Iowa Code § 502.604ALaw enforcement authority
Iowa Code § 502.604BLimited law enforcement authority. Repealed by
Iowa Code § 502.605Rules, forms, orders, interpretative opinions, and hearings
Iowa Code § 502.606Administrative files and opinions
Iowa Code § 502.607Public records — confidentiality
Iowa Code § 502.608Uniformity and cooperation with other agencies
Iowa Code § 502.609Judicial review of orders
Iowa Code § 502.610Jurisdiction
Iowa Code § 502.611Service of process
Iowa Code § 502.612Severability clause
Iowa Code § 502.701Public joint investment trusts
Iowa Code § 502.801Definitions
Iowa Code § 502.802Notification to administrator
Iowa Code § 502.803Notification to administrator — immunity
Iowa Code § 502.804Notification to permissible third party
Iowa Code § 502.805Notification to permissible third party — immunity
Iowa Code § 502.806Disbursements or transactions — delay
Iowa Code § 502.807Disbursements or transactions — delay — immunity
Iowa Code § 502.808Training requirements
Iowa Code § 502.809Records
Iowa Code § 502.810Financial exploitation — reporting

Enacted in other states

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

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