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Chapter 21.20 RCW

SECURITIES ACT OF WASHINGTON

Sections

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