Chapter 21.20 RCW: SECURITIES ACT OF WASHINGTON

RCWs > Title 21 > Chapter 21.20

Chapter 21.20 RCW

SECURITIES ACT OF WASHINGTON

Sections


DEFINITIONS
21.20.005	Definitions.
FRAUDULENT AND OTHER PROHIBITED PRACTICES
21.20.010	Unlawful offers, sales, purchases.
21.20.020	Unlawful acts of person advising another.
21.20.030	Unlawful acts of investment adviser.
21.20.035	Unlawful purchases or sales for customer's account.
VARIABLE CONTRACTS
21.20.037	Variable contracts—Registration required—Rules.
REGISTRATION AND NOTICE FOR BROKER-DEALERS, SALESPERSONS, INVESTMENT ADVISERS, AND INVESTMENT ADVISER SALESPERSONS
21.20.040	Registration and notification required—Exemptions.
21.20.050	Application for registration—Filing of documents—Consent to service of process—Fee.
21.20.060	Contents of application for registration—Capital requirements.
21.20.070	When registration effective—Requirements determined by rule.
21.20.080	Duration of registration—Association with issuer, broker-dealer, federal covered adviser, or investment adviser—Notice to director—Extension of licensing period.
21.20.090	Renewal of registration—Financial reports—Application for a successor.
21.20.100	Accounts, correspondence, memoranda, papers, books, and other records—Release of information—Correction of filed document—Examination.
21.20.110	Director may deny, suspend, revoke, restrict, condition, or limit any application or registration—Director may censure or fine registrant—Grounds—Procedures—Costs—Accounting.
21.20.120	Denial, suspension, revocation of registration—Order—Request for, notice of hearing—Findings and conclusions.
21.20.130	Cancellation of registration or application—Grounds.
21.20.135	License as salesperson or broker-dealer prerequisite to suit for commission.
REGISTRATION OF SECURITIES
21.20.140	Unlawful to offer or sell unregistered securities—Exceptions.
REGISTRATION BY COORDINATION
21.20.180	Registration by coordination—Requirements—Statement, contents.
21.20.190	Time of taking effect of registration statement by coordination—Conditions—"Price amendment", notification.
21.20.200	Failure to notify of price amendment, proof of compliance—Stop order—Waiver of certain conditions.
REGISTRATION BY QUALIFICATION
21.20.210	Registration by qualification—Statements—Requirements—Audits.
21.20.220	Information not required when nonissuer distribution.
21.20.230	Time of taking effect of registration statement by qualification—Conditions.
GENERAL PROVISIONS REGARDING REGISTRATION OF SECURITIES
21.20.240	Registration statements—Generally.
21.20.250	Registration by qualification or coordination—Escrow—Impounding proceeds.
21.20.260	Registration by coordination or qualification—Offer and sale—Duration of effectiveness.
21.20.270	Reports by filer of statement—Annual financial statements.
21.20.275	Pending registration—Notice of termination—Application for continuation.
DENIAL, SUSPENSION AND REVOCATION OF REGISTRATION OF SECURITIES
21.20.280	Stop orders—Grounds.
21.20.290	Stop order prohibited if facts known on effective date of statement.
21.20.300	Notification of entry of stop order—Hearing—Findings, conclusions, modification, etc.
EXEMPT SECURITIES
21.20.310	Securities exempt from registration.
EXEMPT TRANSACTIONS
21.20.320	Exempt transactions.
EXEMPT SECURITIES AND TRANSACTIONS
21.20.325	Denial, revocation, condition, of exemptions—Authority—Procedure.
FEDERAL COVERED SECURITY
21.20.327	Required filings—Consent to service—Failure to comply—Rules—Fees.
CONSENT TO SERVICE OF PROCESS
21.20.330	Consent to service of process—Service, how made.
FEES
21.20.340	Fees—Disposition.
MISLEADING FILINGS
21.20.350	False or misleading statements in filed documents.
UNLAWFUL REPRESENTATIONS CONCERNING REGISTRATION OR EXEMPTION
21.20.360	Filing, registration, statement, exemption not conclusive as to truth or completeness—Unlawful representations.
INVESTIGATIONS AND SUBPOENAS
21.20.370	Investigations—Statement of facts relating to investigation may be permitted—Publication of information—Use of criminal history record information.
21.20.377	Subpoena authority—Application—Contents—Notice—Fees.
21.20.380	Oaths—Subpoenas—Assisting another state—Compelling obedience—Punishment.
INJUNCTIONS AND OTHER REMEDIES
21.20.390	Injunction, cease and desist order, restraining order, mandamus—Appointment of receiver or conservator for insolvent—Restitution or damages—Costs—Accounting.
21.20.395	Administrative action—Hearing—Judicial review—Judgment.
CRIMINAL LIABILITIES
21.20.400	Penalty for violation of chapter—Limitation of actions.
21.20.410	Attorney general, prosecuting attorney may institute criminal proceeding—Referral of evidence by director.
21.20.420	Criminal punishment, chapter not exclusive.
CIVIL LIABILITIES
21.20.430	Civil liabilities—Survival, limitation of actions—Waiver of chapter void—Scienter.
DISCONTINUANCE OF VIOLATIONS
21.20.435	Assurance of discontinuance of violations—Acceptance—Filing.
JUDICIAL REVIEW OF ORDERS
21.20.440	Judicial review of order—Modification of order by director on additional evidence.
ADMINISTRATION OF CHAPTER
21.20.450	Administration of chapter—Rules and forms, publication—Cooperation with other state and federal authorities.
21.20.460	Administrator of securities—Appointment, qualifications, term, etc.
21.20.470	Compensation, travel expenses of administrator and employees.
21.20.480	Unlawful use or disclosure of filed information.
21.20.490	No liability under chapter for act in good faith.
21.20.500	Administrative hearings public—Exception.
21.20.510	Document filed when received—Register—Inspection of register, information, etc.
21.20.520	Copies of entries, documents to be furnished—Copies as prima facie evidence.
21.20.530	Interpretative opinions by director.
PROOF OF EXEMPTION
21.20.540	Exemptions, exceptions, and preemptions—Burden of proof.
ADDITIONAL PROVISIONS
21.20.700	Investigations and examinations—Additional authority—Scope.
21.20.702	Suitability of recommendation—Reasonable grounds required.
21.20.705	Debenture companies—Definitions.
21.20.710	Debenture companies—Capital requirements.
21.20.715	Debenture companies—Maturity date requirements.
21.20.717	Debenture companies—Controlling person—Exceptions.
21.20.720	Debenture companies—Prohibited activities by directors, officers, or controlling persons.
21.20.725	Debenture companies—Debentures payable on demand—Interest—Certificates of debenture.
21.20.727	Debenture companies—Acquisition of control—Requirements—Violation—Penalty.
21.20.730	Debenture companies—Acquisition of control—Grounds for disapproval.
21.20.732	Debenture companies—Notice of charges—Hearing—Cease and desist orders.
21.20.734	Debenture companies—Temporary cease and desist orders.
21.20.740	Reports—Requirements.
21.20.745	Reports—Violations of reporting requirements—Penalties—Contribution.
21.20.750	Reports—Suspension of sale of securities until reporting requirements complied with.
21.20.805	Effective date—Construction—1973 1st ex.s. c 171.
21.20.810	Application of chapter not limited.
21.20.815	Debenture companies—Equity investments.
21.20.820	Debenture companies—Loans to any one borrower—Limitations.
21.20.825	Debenture companies—Bad debts.
21.20.830	Debenture companies—Investments in unsecured loans.
21.20.835	Debenture companies—Debenture holders—Notice of maturity date of debenture.
21.20.840	Debenture companies—Annual financial statement.
21.20.845	Debenture companies—Rules.
21.20.850	Debenture companies—Record maintenance and preservation—Examination.
21.20.855	Examination reports and information—Exempt from public disclosure—Use in civil actions.
21.20.860	Construction—Chapter applicable to state registered domestic partnerships—2009 c 521.
SMALL SECURITIES OFFERINGS
21.20.880	Small securities offerings—Exemptions—Annual reports—Disqualification provisions—Rules.
STATUTORY POLICY
21.20.900	Construction to secure uniformity.
REPEAL AND SAVING PROVISIONS
21.20.910	Saving—Civil, criminal proceedings.
21.20.915	Saving—Prior effective registrations.
21.20.920	Application of prior law.
21.20.925	Judicial review of prior administrative orders.
21.20.930	Solicitation permits under insurance laws not limited.
21.20.935	Repealer.
SHORT TITLE
21.20.940	Short title.

NOTES:

Reviser's note: Powers, duties, and functions of the department of licensing relating to securities were transferred to the department of financial institutions by 1993 c 472, effective October 1, 1993. See RCW 43.320.011.

"Bucket shop": RCW 9.47.080, 9.47.090.

Business corporations: Title 23B RCW.

Camping resort contracts—Nonapplicability of certain laws to: RCW 19.105.510.

Corporate seals, effect of nonuse: RCW 64.04.105.

Exemption of timeshares from chapter: RCW 64.36.290.

False stock subscriptions: RCW 9.24.010.

Fraudulent issue of stock: RCW 9.24.020.

Life settlements: Chapter 48.102 RCW.

Negotiable instruments: Title 62A RCW.

Permit to sell stock of domestic insurance company: Chapter 48.06 RCW.

Public service company securities: Chapter 81.08 RCW.

Sale of capital notes and debentures by banks and trust companies: Chapter 30A.36 RCW.

Securities of public utilities: Chapter 80.08 RCW.

Trust receipts: Title 62A RCW.

Uniform Commercial Code—Investment securities: Article 62A.8 RCW.

Written statement of purchase or sale to be furnished market trader: RCW 9.47.100.