Utah Uniform Securities Act

Utah · 61 · §§ 61-1-1 to 61-1-9 · 58 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 59 court decisions.

Most-cited authority: 865 P.2d 1355 - State v. Larsen

Sections covered

Utah Code § 61-1-1Fraud unlawful39 cites
Utah Code § 61-1-10Registration by qualification
Utah Code § 61-1-101Title
Utah Code § 61-1-102Definitions
Utah Code § 61-1-103Procedure for disclosure
Utah Code § 61-1-104Reporter protected from adverse action -- Exceptions
Utah Code § 61-1-105Remedies for employee bringing action
Utah Code § 61-1-106Award for reporter
Utah Code § 61-1-107Procedures related to an award to a reporter
Utah Code § 61-1-108Notice of contents of this part -- May not waive -- Nonexclusive
Utah Code § 61-1-11Provisions applicable to registration generally
Utah Code § 61-1-11.1Hearings for certain exchanges of securities
Utah Code § 61-1-12Denial, suspension, and revocation of registration
Utah Code § 61-1-13Definitions
Utah Code § 61-1-14Exemptions
Utah Code § 61-1-14.5Burden of proving exemption2 cites
Utah Code § 61-1-15Filing of sales literature
Utah Code § 61-1-15.5Federal covered securities
Utah Code § 61-1-16False statements unlawful
Utah Code § 61-1-17No finding by division on merits -- Contrary representation unlawful
Utah Code § 61-1-18Division of Securities established -- Director -- Investigators
Utah Code § 61-1-18.1Technical experts and specialists -- Employment -- Contracts
Utah Code § 61-1-18.2Budget -- Annual report
Utah Code § 61-1-18.3Information obtained by division or commission -- Use for personal benefit prohibited -- Disclosure
Utah Code § 61-1-18.4Fees collected by division
Utah Code § 61-1-18.5Securities Commission -- Transition
Utah Code § 61-1-18.6Procedures -- Adjudicative proceedings1 cite
Utah Code § 61-1-18.7Funding of securities investor education, training, and enforcement
Utah Code § 61-1-18.8Concurrence under this chapter
Utah Code § 61-1-19Investigations authorized1 cite
Utah Code § 61-1-2Investment adviser -- Unlawful acts
Utah Code § 61-1-20Enforcement
Utah Code § 61-1-201Definitions
Utah Code § 61-1-202Governmental and third party disclosures
Utah Code § 61-1-203Immunity for governmental and third party disclosures
Utah Code § 61-1-204Delaying disbursements or transactions
Utah Code § 61-1-205Immunity for delaying disbursements or transactions
Utah Code § 61-1-206Records
Utah Code § 61-1-21Penalties for violations
Utah Code § 61-1-21.1Limitation of prosecutions2 cites
Utah Code § 61-1-21.5Legal counsel -- Prosecutions
Utah Code § 61-1-22Sales and purchases in violation -- Remedies -- Limitation of actions2 cites
Utah Code § 61-1-23Review of orders
Utah Code § 61-1-24Rules, forms, and orders1 cite
Utah Code § 61-1-25Record of registrations
Utah Code § 61-1-26Scope of the act -- Service of process1 cite
Utah Code § 61-1-27Construction of chapter5 cites
Utah Code § 61-1-28Citation of chapter
Utah Code § 61-1-29Savings clause
Utah Code § 61-1-3Licensing of broker-dealers, agents, investment advisers, and investment adviser representatives
Utah Code § 61-1-31Determining amount of fine
Utah Code § 61-1-32Exemptions from licensure
Utah Code § 61-1-4Licensing and notice filing procedure
Utah Code § 61-1-5Postlicensing provisions
Utah Code § 61-1-6Sanctions
Utah Code § 61-1-6.5Court-ordered discipline
Utah Code § 61-1-7Registration before sale5 cites
Utah Code § 61-1-9Registration by coordination

Enacted in other states

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

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