Vermont Uniform Securities Act
Vermont · Commerce and Trade · §§ 9-5101 to 9-5617 · 55 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.
Sections covered
- Vt. Stat. Ann. tit. 9, § 5101Short title
- Vt. Stat. Ann. tit. 9, § 5102Definitions
- Vt. Stat. Ann. tit. 9, § 5103References to federal statutes
- Vt. Stat. Ann. tit. 9, § 5104References to federal agencies
- Vt. Stat. Ann. tit. 9, § 5105Electronic records and signatures
- Vt. Stat. Ann. tit. 9, § 5201Exempt securities
- Vt. Stat. Ann. tit. 9, § 5202Exempt transactions
- Vt. Stat. Ann. tit. 9, § 5203Additional exemptions and waivers
- Vt. Stat. Ann. tit. 9, § 5204Denial, suspension, revocation, condition, or limitations of exemptions
- Vt. Stat. Ann. tit. 9, § 5301Securities registration requirement
- Vt. Stat. Ann. tit. 9, § 5302Notice filing
- Vt. Stat. Ann. tit. 9, § 5303Securities registration by coordination
- Vt. Stat. Ann. tit. 9, § 5304Securities registration by qualification
- Vt. Stat. Ann. tit. 9, § 5305Securities registration filings
- Vt. Stat. Ann. tit. 9, § 5306Denial, suspension, and revocation of securities registration
- Vt. Stat. Ann. tit. 9, § 5307Waiver and modification
- Vt. Stat. Ann. tit. 9, § 5401Broker-dealer registration requirement and exemptions
- Vt. Stat. Ann. tit. 9, § 5402Agent registration requirement and exemptions
- Vt. Stat. Ann. tit. 9, § 5403Investment adviser registration requirement and exemptions
- Vt. Stat. Ann. tit. 9, § 5404Investment adviser representative registration requirement and exemptions
- Vt. Stat. Ann. tit. 9, § 5405Federal covered investment adviser notice filing requirement
- Vt. Stat. Ann. tit. 9, § 5406Registration by broker-dealer, agent, investment adviser, and investment adviser representative
- Vt. Stat. Ann. tit. 9, § 5407Succession and change in registration of broker-dealer or investment adviser
- Vt. Stat. Ann. tit. 9, § 5408Termination of employment or association of agent and investment adviser representative and transfer of employment or association
- Vt. Stat. Ann. tit. 9, § 5409Withdrawal of registration of broker-dealer, agent, investment adviser, and investment representative
- Vt. Stat. Ann. tit. 9, § 5410Filing fees
- Vt. Stat. Ann. tit. 9, § 5411Postregistration requirements
- Vt. Stat. Ann. tit. 9, § 5412Denial, revocation, suspension, withdrawal, restriction, condition, or limitations of registration
- Vt. Stat. Ann. tit. 9, § 5501General fraud
- Vt. Stat. Ann. tit. 9, § 5502Prohibited conduct in providing investment advice
- Vt. Stat. Ann. tit. 9, § 5503Evidentiary burden
- Vt. Stat. Ann. tit. 9, § 5504Filing of sales and advertising literature
- Vt. Stat. Ann. tit. 9, § 5505Misleading filings
- Vt. Stat. Ann. tit. 9, § 5506Misrepresentations concerning registration or exemption
- Vt. Stat. Ann. tit. 9, § 5507Qualified immunity
- Vt. Stat. Ann. tit. 9, § 5508Criminal penalties
- Vt. Stat. Ann. tit. 9, § 5509Civil liability
- Vt. Stat. Ann. tit. 9, § 5510Rescission offers
- Vt. Stat. Ann. tit. 9, § 5601Administration
- Vt. Stat. Ann. tit. 9, § 5602Investigations and subpoenas
- Vt. Stat. Ann. tit. 9, § 5603Civil enforcement
- Vt. Stat. Ann. tit. 9, § 5604Administrative enforcement
- Vt. Stat. Ann. tit. 9, § 5605Rules, forms, orders, interpretative opinions, and hearings
- Vt. Stat. Ann. tit. 9, § 5606Administrative files and opinions
- Vt. Stat. Ann. tit. 9, § 5607Public records; confidentiality
- Vt. Stat. Ann. tit. 9, § 5608Uniformity and cooperation with other agencies
- Vt. Stat. Ann. tit. 9, § 5609Judicial review
- Vt. Stat. Ann. tit. 9, § 5610Jurisdiction
- Vt. Stat. Ann. tit. 9, § 5611Service of process
- Vt. Stat. Ann. tit. 9, § 5612Severability clause
- Vt. Stat. Ann. tit. 9, § 5613Collection and disposition of fees
- Vt. Stat. Ann. tit. 9, § 5614Recovery of expenses
- Vt. Stat. Ann. tit. 9, § 5615Repealed. 2017, No. 80, § 7
- Vt. Stat. Ann. tit. 9, § 5616Vermont Financial Services Education and Victim Restitution Special Fund
- Vt. Stat. Ann. tit. 9, § 5617Vermont Whistleblower Award and Protection Act
Enacted in other states
Connecticut, Hawaii, Iowa, Idaho, Indiana, Massachusetts, New Hampshire, New Mexico, Nevada, South Carolina, South Dakota, Utah, West Virginia, Wyoming
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