Code of Virginia - Title 13.1 Corporations - Chapter 5 Securities Act
- 13.1-501 Definitions
A. When used in this chapter, unless the context otherwise requires: "Agent" means any individual who, as a director, officer, partner, associate, employee or sales ...
- 13.1-502 Unlawful offers and sales
It shall be unlawful for any person in the offer or sale of any securities, directly or indirectly, (1) To employ any device, scheme or ...
- 13.1-503 Unlawful advice
A. It shall be unlawful for any person who receives directly or indirectly any consideration from another person primarily for advising such other person as ...
- 13.1-504 Registration
A. It shall be unlawful for any person to transact business in this Commonwealth as (i) a broker-dealer or an agent, except in transactions exempted ...
- 13.1-504.1 Brokerage services of savings and loan associations, savings banks or service corporations of eithe...
A savings and loan association or a savings bank, or the service corporation of either, may enter into an agreement with any person or entity ...
- 13.1-504.2 Broker-dealer services provided by credit unions; when registration not required
A credit union may enter into an agreement with any person or entity which is a registered broker-dealer under this chapter and under the Securities ...
- 13.1-505 Procedure for registration
A. A broker-dealer, investment advisor, investment advisor representative or agent may be registered after filing with the Commission, or any entity designated by order or ...
- 13.1-505.1 Post-registration provisions
With respect to investment advisors, the Commission may require that certain information be furnished or disseminated as necessary or appropriate in the public interest or ...
- 13.1-506 Revocation of registration
The Commission may, by order entered after a hearing on notice duly served on the defendant not less than thirty days before the date of ...
- 13.1-507 Registration requirement; exemptions
It shall be unlawful for any person to offer or sell any security unless (i) the security is registered under this chapter, (ii) the security ...
- 13.1-508 Registration by notification
A. The following securities may be registered by notification: 1. Any security whose issuer (which, for the purposes of this subsection, shall include any predecessor ...
- 13.1-509 Registration by coordination
A. Any security for which a registration statement has been filed under the Securities Act of 1933 in connection with the same offering may be ...
- 13.1-510 Registration by qualification
(a) Any security may be registered by qualification. (b) A registration statement under this section shall contain that part of the following information as required ...
- 13.1-511 Effectiveness and reports
A registration statement filed under this article may be filed by the issuer, any other person on whose behalf the offer is to be made ...
- 13.1-512 Description unavailable
Repealed by Acts 2003, c. 595. ...
- 13.1-513 Stop orders
(a) The Commission may issue a stop order denying effectiveness to, or revoking the effectiveness of, any registration statement if it finds that such an ...
- 13.1-514 Exemptions
A. The following securities are exempted from the securities registration requirements of this chapter: 1. Any security (including a revenue obligation) issued or guaranteed by ...
- 13.1-514.1 Exemption of certain securities by order of Commission
A. The Commission may by order exempt from the other provisions of this chapter any security that the Commission finds: 1. Is to be offered ...
- 13.1-514.2 Primacy of Virginia law to be maintained
A. Pursuant to section 6 (c) of the federal Philanthropy Protection Act of 1995, Pub. L. 104-62, the laws of the Commonwealth of Virginia, which ...
- 13.1-515 Advertising
The Commission may require, subject to the limitations of § 222 of the Investment Advisers Act of 1940, in any particular case, any person who ...
- 13.1-516 Misleading filings
It shall be unlawful for any person willfully to make or cause to be made, in any document filed with the Commission or in any ...
- 13.1-517 Consent to service of process
Every nonresident registered as a broker-dealer, investment advisor, investment advisor representative or agent shall appoint in writing the clerk of the Commission as his agent ...
- 13.1-518 Investigations; confidentiality of information and documents
A. The Commission may make such investigations within or outside of this Commonwealth as it deems necessary to determine whether any person has violated or ...
- 13.1-518.1 Broker-dealers and investment advisors to file certain reports with Commission
Every broker-dealer and investment advisor registered under this chapter shall file all reports made by such broker-dealers or investment advisors as the Commission, by rule, ...
- 13.1-519 Injunctions
The Commission shall have all the power and authority of a court of record as provided in Article IX, Section 3 of the Constitution of ...
- 13.1-520 Crimes
A. Any person who shall knowingly and willfully make, or cause to be made, any false statement in any book of account or other paper ...
- 13.1-520.1 Commission may transmit record or complaint to locality where violation occurred
The Commission may transmit the record of any proceeding or any complaint involving any violation of this Act to the attorney for the Commonwealth in ...
- 13.1-521 Violations punishable by the Commission
A. The Commission may, by judgment entered after a hearing on thirty days' notice to the defendant, if it is proved that the defendant has ...
- 13.1-522 Civil liabilities
A. Any person who: (i) sells a security in violation of §§ 13.1-502, 13.1-504 A, 13.1-507 (i) or (ii), 13.1-510 (e) or (f), or (ii) ...
- 13.1-523 Rules and forms
A. The Commission shall have authority from time to time to make, amend and rescind such rules and forms as may be necessary to carry ...
- 13.1-523.1 Commission authority to regulate securities and investment advisory activities
The Commission shall have all the power, authority and jurisdiction reserved to or conferred upon the states by the federal National Securities Markets Improvement Act ...
- 13.1-524 Certain records of Commission available to public; admissibility of copies; destruction
The information contained in or filed with any registration statement, application or report shall be available to the public at the office of the Commission. ...
- 13.1-525 Official interpretations
The Commission shall have jurisdiction, upon written application, payment of a filing fee of $500 and submission of such data as may be necessary for ...
- 13.1-525.1 Fees to cover expense of regulation
The fees paid into the state treasury under this chapter, except for fees and funds collected for the Literary Fund, shall be deposited into a ...
- 13.1-526 Transition
Registrations of dealers and agents under prior law shall continue as registrations as broker-dealers and agents under this chapter until April 30 following the effective ...
- 13.1-527 Short title
This chapter may be cited as the Securities Act. (1956, c. 428.) ...
- 13.1-527.01 Severability clause
If any section, subsection, sentence, part or application of this chapter be adjudged by any court of competent jurisdiction to be invalid, such judgment shall ...
- 13.1-527.1 Division created; duties
There is hereby created in the office of the Attorney General a Division of Securities Counsel. The duties of such Division shall be to provide ...
- 13.1-527.2 Attorneys, employees and consultants
The Attorney General may employ and fix the salaries of such attorneys, employees and consultants, within the amounts appropriated to the Attorney General for providing ...
- 13.1-527.3 Commission to provide technical assistance
The State Corporation Commission shall provide technical assistance to the Division of Securities Counsel in its investigation and preparation of a prosecution under the provisions ...
Last modified: April 2, 2009