Mississippi Securities Act
Mississippi · Regulation of Trade, Commerce and Investments · §§ 75-71-1 to 75-71-703 · 61 sections
Overview
The act regulates the offer and sale of securities within a state and the conduct of the people and firms that deal in them, including broker-dealers, salespersons, and investment advisers. It prohibits fraudulent and deceptive practices in securities transactions and advisory relationships, and requires that securities be registered — by coordination with a federal filing or by qualification — before they may be offered or sold, subject to enumerated exemptions for certain securities and transactions. Administration rests with a state official empowered to license and examine registrants, set fees and recordkeeping requirements, issue stop orders halting an offering, and deny, condition, suspend, or revoke registrations and exemptions after notice and hearing.
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: 129 SO3D 153 - Harrington v. Office of the Mississippi Secretary of State
Sections covered
- Miss. Code Ann. § 75-71-1§§ 75-71-1 through 75-71-57. Repealed2 cites
- Miss. Code Ann. § 75-71-101Short title
- Miss. Code Ann. § 75-71-102Definitions
- Miss. Code Ann. § 75-71-103References to federal statutes
- Miss. Code Ann. § 75-71-104References to federal agencies
- Miss. Code Ann. § 75-71-105Electronic records and signatures
- Miss. Code Ann. § 75-71-107§§ 75-71-107 through 75-71-127. Repealed
- Miss. Code Ann. § 75-71-201Exempt securities
- Miss. Code Ann. § 75-71-202Exempt transactions
- Miss. Code Ann. § 75-71-203Additional exemptions and waivers
- Miss. Code Ann. § 75-71-204Denial, suspension, revocation, condition, or limitation of exemptions
- Miss. Code Ann. § 75-71-205§§ 75-71-205, 75-71-207. Repealed
- Miss. Code Ann. § 75-71-301Securities registration requirement
- Miss. Code Ann. § 75-71-302Notice filing
- Miss. Code Ann. § 75-71-303Securities registration by coordination
- Miss. Code Ann. § 75-71-304Securities registration by qualification
- Miss. Code Ann. § 75-71-305Securities registration filings
- Miss. Code Ann. § 75-71-306Denial, suspension, and revocation of securities registration
- Miss. Code Ann. § 75-71-307Waiver and modification
- Miss. Code Ann. § 75-71-309Repealed
- Miss. Code Ann. § 75-71-310Filing fees
- Miss. Code Ann. § 75-71-311§§ 75-71-311 through 75-71-333. Repealed
- Miss. Code Ann. § 75-71-401Broker-dealer registration requirement and exemptions1 cite
- Miss. Code Ann. § 75-71-402Agent registration requirement and exemptions
- Miss. Code Ann. § 75-71-403Investment adviser registration requirement and exemptions
- Miss. Code Ann. § 75-71-404Investment adviser representative registration requirement and exemptions
- Miss. Code Ann. § 75-71-405Federal covered investment adviser notice filing requirement
- Miss. Code Ann. § 75-71-406Registration by broker-dealer, agent, investment adviser, and investment adviser representative
- Miss. Code Ann. § 75-71-407Succession and change in registration of broker-dealer or investment adviser
- Miss. Code Ann. § 75-71-408Termination of employment or association of agent and investment adviser representative and transfer of employment or association
- Miss. Code Ann. § 75-71-409Withdrawal of registration of broker-dealer, agent, investment adviser, and investment adviser representative
- Miss. Code Ann. § 75-71-410Fees
- Miss. Code Ann. § 75-71-411Postregistration requirements
- Miss. Code Ann. § 75-71-412Denial, revocation, suspension, withdrawal, restriction, condition, or limitation of registration
- Miss. Code Ann. § 75-71-413Prevention of financial exploitation of vulnerable persons; certain broker-dealers and investment advisers required to file report under Mississippi Vulnerable Persons Act must forward copy of report to administrator; initiation of internal review of suspected financial exploitation
- Miss. Code Ann. § 75-71-415§§ 75-71-415 through 75-71-431. Repealed
- Miss. Code Ann. § 75-71-501General fraud3 cites
- Miss. Code Ann. § 75-71-502Prohibited conduct in providing investment advice
- Miss. Code Ann. § 75-71-503Evidentiary burden
- Miss. Code Ann. § 75-71-504Filing of sales and advertising literature
- Miss. Code Ann. § 75-71-505Misleading filings
- Miss. Code Ann. § 75-71-506Misrepresentations concerning registration or exemption
- Miss. Code Ann. § 75-71-507Qualified immunity
- Miss. Code Ann. § 75-71-508Criminal penalties
- Miss. Code Ann. § 75-71-509Civil liability1 cite
- Miss. Code Ann. § 75-71-510Rescission offers
- Miss. Code Ann. § 75-71-601Administration1 cite
- Miss. Code Ann. § 75-71-602Investigations and subpoenas
- Miss. Code Ann. § 75-71-603Civil enforcement
- Miss. Code Ann. § 75-71-604Administrative enforcement1 cite
- Miss. Code Ann. § 75-71-605Rules, forms, orders, interpretative opinions, and hearings
- Miss. Code Ann. § 75-71-606Administrative files and opinions
- Miss. Code Ann. § 75-71-607Public records; confidentiality
- Miss. Code Ann. § 75-71-608Uniformity and cooperation with other agencies
- Miss. Code Ann. § 75-71-609Judicial review2 cites
- Miss. Code Ann. § 75-71-610Jurisdiction
- Miss. Code Ann. § 75-71-611Service of process
- Miss. Code Ann. § 75-71-612Severability clause
- Miss. Code Ann. § 75-71-613Amounts of civil and criminal penalties
- Miss. Code Ann. § 75-71-701Application of chapter to existing proceeding and existing rights and duties1 cite
- Miss. Code Ann. § 75-71-703§§ 75-71-703 through 75-71-735. Repealed
Enacted in other states
Alaska, Alabama, Arkansas, Colorado, Delaware, Maryland, Montana, North Carolina, North Dakota, Tennessee, Texas, Virginia, Washington
All Mississippi named statutes →
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