Uniform Securities Act
West Virginia · Uniform Securities Act · §§ 32-1-101 to 32-4-418 · 33 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 23 court decisions.
Most-cited authority: 171 W. Va. 137 - State v. Fairchild
Sections covered
- W. Va. Code § 32-1-101Sales and purchases5 cites
- W. Va. Code § 32-1-102Advisory activities
- W. Va. Code § 32-2-201Registration requirement2 cites
- W. Va. Code § 32-2-202Registration and notice filing procedure
- W. Va. Code § 32-2-203Post-registration provisions
- W. Va. Code § 32-2-204Denial, revocation, suspension, otherwise condition, cancellation and withdrawal of registration1 cite
- W. Va. Code § 32-3-301Registration requirement1 cite
- W. Va. Code § 32-3-302Registration by notification
- W. Va. Code § 32-3-303Registration by coordination
- W. Va. Code § 32-3-304Registration by qualification
- W. Va. Code § 32-3-304aFederal-covered securities
- W. Va. Code § 32-3-305Provisions applicable to registration and notice filing generally
- W. Va. Code § 32-3-306Denial, suspension and revocation of registration
- W. Va. Code § 32-4-401Definitions4 cites
- W. Va. Code § 32-4-402Exemptions1 cite
- W. Va. Code § 32-4-402aFairness Hearing on issuance of securities involved in a reorganization, recapitalization, or refinancing
- W. Va. Code § 32-4-403Filing of sales and advertising literature
- W. Va. Code § 32-4-404Misleading filings
- W. Va. Code § 32-4-405Unlawful representations concerning registration, exemption or notice filing
- W. Va. Code § 32-4-406Administration of chapter; operating fund for securities department
- W. Va. Code § 32-4-407Sworn investigator, investigations and subpoenas1 cite
- W. Va. Code § 32-4-407aAdministrative assessments
- W. Va. Code § 32-4-408Injunctions
- W. Va. Code § 32-4-409Criminal penalties1 cite
- W. Va. Code § 32-4-410Civil liabilities5 cites
- W. Va. Code § 32-4-411Judicial review of orders
- W. Va. Code § 32-4-412Rules, forms, orders and hearings
- W. Va. Code § 32-4-413Administrative files and opinions
- W. Va. Code § 32-4-414Scope of the chapter and service of process
- W. Va. Code § 32-4-415Statutory policy1 cite
- W. Va. Code § 32-4-416Short title
- W. Va. Code § 32-4-417Severability of provisions
- W. Va. Code § 32-4-418Saving provisions1 cite
Enacted in other states
Connecticut, Hawaii, Iowa, Idaho, Indiana, Massachusetts, New Hampshire, New Mexico, Nevada, South Carolina, South Dakota, Utah, Vermont, Wyoming
All West Virginia named statutes →
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