US Laws, Codes, Statutes & Cases

RCW 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.
• 21.20.380  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 (as amended by 2003 c 288).
• 21.20.400  Penalty for violation of chapter -- Limitation of actions (as amended by 2003 c 53).
• 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.

ADVISORY COMMITTEE

• 21.20.550  State advisory committee -- Composition, appointment, qualifications.
• 21.20.560  State advisory committee -- Chairperson, secretary -- Meetings.
• 21.20.570  State advisory committee -- Terms -- Vacancies.
• 21.20.580  State advisory committee -- Duties.
• 21.20.590  State advisory committee -- Reimbursement of travel expenses.

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.
• 21.20.800  Severability -- 1973 1st ex.s. c 171.
• 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  Debenture companies -- Examination reports and information -- Exempt from public disclosure -- Use in civil actions.

STATUTORY POLICY

• 21.20.900  Construction to secure uniformity.

SEVERABILITY OF PROVISIONS

• 21.20.905  Severability -- 1959 c 282.

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. 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 30.36 RCW. Securities of public utilities: Chapter 80.08 RCW. Trust receipts: Title 62A RCW. Uniform Commercial Code -- Investment securities: Article 62A.8 RCW. Viatical settlements: Chapter 48.102 RCW. Written statement of purchase or sale to be furnished market trader: RCW 9.47.100.