Chapter 21.20 RCW

SECURITIES ACT OF WASHINGTON

Sections
DEFINITIONS
Definitions.
FRAUDULENT AND OTHER PROHIBITED PRACTICES
Unlawful offers, sales, purchases.
Unlawful acts of person advising another.
Unlawful acts of investment adviser.
Unlawful purchases or sales for customer's account.
VARIABLE CONTRACTS
Variable contractsRegistration requiredRules.
REGISTRATION AND NOTICE FOR BROKER-DEALERS,
SALESPERSONS, INVESTMENT ADVISERS,
AND INVESTMENT ADVISER SALESPERSONS
Registration and notification requiredExemptions.
Application for registrationFiling of documentsConsent to service of processFee.
Contents of application for registrationCapital requirements.
When registration effectiveRequirements determined by rule.
Duration of registrationAssociation with issuer, broker-dealer, federal covered adviser, or investment adviserNotice to directorExtension of licensing period.
Renewal of registrationFinancial reportsApplication for a successor.
Accounts, correspondence, memoranda, papers, books, and other recordsRelease of informationCorrection of filed documentExamination.
Director may deny, suspend, revoke, restrict, condition, or limit any application or registrationDirector may censure or fine registrantGroundsProceduresCostsAccounting.
Denial, suspension, revocation of registrationOrderRequest for, notice of hearingFindings and conclusions.
Cancellation of registration or applicationGrounds.
License as salesperson or broker-dealer prerequisite to suit for commission.
REGISTRATION OF SECURITIES
Unlawful to offer or sell unregistered securitiesExceptions.
REGISTRATION BY COORDINATION
Registration by coordinationRequirementsStatement, contents.
Time of taking effect of registration statement by coordinationConditions"Price amendment", notification.
Failure to notify of price amendment, proof of complianceStop orderWaiver of certain conditions.
REGISTRATION BY QUALIFICATION
Registration by qualificationStatementsRequirementsAudits.
Information not required when nonissuer distribution.
Time of taking effect of registration statement by qualificationConditions.
GENERAL PROVISIONS REGARDING REGISTRATION
OF SECURITIES
Registration statementsGenerally.
Registration by qualification or coordinationEscrowImpounding proceeds.
Registration by coordination or qualificationOffer and saleDuration of effectiveness.
Reports by filer of statementAnnual financial statements.
Pending registrationNotice of terminationApplication for continuation.
DENIAL, SUSPENSION AND REVOCATION
OF REGISTRATION OF SECURITIES
Stop ordersGrounds.
Stop order prohibited if facts known on effective date of statement.
Notification of entry of stop orderHearingFindings, conclusions, modification, etc.
EXEMPT SECURITIES
Securities exempt from registration.
EXEMPT TRANSACTIONS
Exempt transactions.
EXEMPT SECURITIES AND TRANSACTIONS
Denial, revocation, condition, of exemptionsAuthorityProcedure.
FEDERAL COVERED SECURITY
Required filingsConsent to serviceFailure to complyRulesFees.
CONSENT TO SERVICE OF PROCESS
Consent to service of processService, how made.
FEES
FeesDisposition.
MISLEADING FILINGS
False or misleading statements in filed documents.
UNLAWFUL REPRESENTATIONS CONCERNING REGISTRATION
OR EXEMPTION
Filing, registration, statement, exemption not conclusive as to truth or completenessUnlawful representations.
INVESTIGATIONS AND SUBPOENAS
InvestigationsStatement of facts relating to investigation may be permittedPublication of informationUse of criminal history record information.
Subpoena authorityApplicationContentsNoticeFees.
OathsSubpoenasAssisting another stateCompelling obediencePunishment.
INJUNCTIONS AND OTHER REMEDIES
Injunction, cease and desist order, restraining order, mandamusAppointment of receiver or conservator for insolventRestitution or damagesCostsAccounting.
Administrative actionHearingJudicial reviewJudgment.
CRIMINAL LIABILITIES
Penalty for violation of chapterLimitation of actions.
Attorney general, prosecuting attorney may institute criminal proceedingReferral of evidence by director.
Criminal punishment, chapter not exclusive.
CIVIL LIABILITIES
Civil liabilitiesSurvival, limitation of actionsWaiver of chapter voidScienter.
DISCONTINUANCE OF VIOLATIONS
Assurance of discontinuance of violationsAcceptanceFiling.
JUDICIAL REVIEW OF ORDERS
Judicial review of orderModification of order by director on additional evidence.
ADMINISTRATION OF CHAPTER
Administration of chapterRules and forms, publicationCooperation with other state and federal authorities.
Administrator of securitiesAppointment, qualifications, term, etc.
Compensation, travel expenses of administrator and employees.
Unlawful use or disclosure of filed information.
No liability under chapter for act in good faith.
Administrative hearings publicException.
Document filed when receivedRegisterInspection of register, information, etc.
Copies of entries, documents to be furnishedCopies as prima facie evidence.
Interpretative opinions by director.
PROOF OF EXEMPTION
Exemptions, exceptions, and preemptionsBurden of proof.
ADDITIONAL PROVISIONS
Investigations and examinationsAdditional authorityScope.
Suitability of recommendationReasonable grounds required.
Debenture companiesDefinitions.
Debenture companiesCapital requirements.
Debenture companiesMaturity date requirements.
Debenture companiesControlling personExceptions.
Debenture companiesProhibited activities by directors, officers, or controlling persons.
Debenture companiesDebentures payable on demandInterestCertificates of debenture.
Debenture companiesAcquisition of controlRequirementsViolationPenalty.
Debenture companiesAcquisition of controlGrounds for disapproval.
Debenture companiesNotice of chargesHearingCease and desist orders.
Debenture companiesTemporary cease and desist orders.
ReportsRequirements.
ReportsViolations of reporting requirementsPenaltiesContribution.
ReportsSuspension of sale of securities until reporting requirements complied with.
Effective dateConstruction1973 1st ex.s. c 171.
Application of chapter not limited.
Debenture companiesEquity investments.
Debenture companiesLoans to any one borrowerLimitations.
Debenture companiesBad debts.
Debenture companiesInvestments in unsecured loans.
Debenture companiesDebenture holdersNotice of maturity date of debenture.
Debenture companiesAnnual financial statement.
Debenture companiesRules.
Debenture companiesRecord maintenance and preservationExamination.
Examination reports and informationExempt from public disclosureUse in civil actions.
ConstructionChapter applicable to state registered domestic partnerships2009 c 521.
SMALL SECURITIES OFFERINGS
Small securities offeringsExemptionsQuarterly reportsDisqualification provisions.
PortalsQualifications and useRequirements.
Rule making for small securities offerings.
STATUTORY POLICY
Construction to secure uniformity.
REPEAL AND SAVING PROVISIONS
SavingCivil, criminal proceedings.
SavingPrior effective registrations.
Application of prior law.
Judicial review of prior administrative orders.
Solicitation permits under insurance laws not limited.
Repealer.
SHORT TITLE
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 contractsNonapplicability 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 CodeInvestment securities: Article 62A.8 RCW.
Written statement of purchase or sale to be furnished market trader: RCW 9.47.100.
Site Contents
Selected content listed in alphabetical order under each group