Connecticut Administrative Code

Regulations of Connecticut State AgenciesSec. 36b-31-21b-1. Exemption for isolated non-issuer transactionsIn implementing section 36b-21 (b) (1) of the general statutes, \"isolated\" shall mean not in the course of repeated and successive transactions of like character. Two conse…

Regulations of Connecticut State AgenciesSec. 36b-31-21b-10. Reserved AUTHORITY: Conn. Gen. Stat. § 36b-31

Regulations of Connecticut State AgenciesSec. 36b-31-21b-11. Exemption for transactions pursuant to an offer to existing security holders of the issuer(a) The notice required by section 36b-21 (b) (11) (B) of the general statutes shall include the offeror's name; the issuer's nam…

Regulations of Connecticut State AgenciesSec. 36b-31-21b-12. Reserved AUTHORITY: Conn. Gen. Stat. § 36b-31

Regulations of Connecticut State AgenciesSec. 36b-31-21b-13a. Exemption for transactions pursuant to Sections 4 (1) or 4 (4) of the securities act of 1933In implementing section 36b-21 (b) (13) of the general statutes, a \"transaction exempt under Section 4 (1), Section 4 (4) . .…

Regulations of Connecticut State AgenciesSec. 36b-31-21b-13b. Exemption for transactions pursuant to section 4 (6) of the securities act of 1933For purposes of section 36b-21 (b) (13) of the general statutes, as amended, issuers relying on the exemption in Section 4 (6) of the Se…

Regulations of Connecticut State AgenciesSec. 36b-31-21b-14. Exemption for transactions not involving more than 10 purchasersIn implementing section 36b-21 (b) (14) (B) of the general statutes, \"the total number of purchasers of all securities of the issuer\" shall be determined…

Regulations of Connecticut State AgenciesSec. 36b-31-21b-15. Reserved AUTHORITY: Conn. Gen. Stat. § 36b-31

Regulations of Connecticut State AgenciesSec. 36b-31-21b-2. Manual exemptionIn implementing section 36b-21 (b) (2) (A) of the general statutes, \"recognized securities manual\" shall include only Standard & Poors Standard Corporation Descriptions, Standard & Poors Corporation Rec…

Regulations of Connecticut State AgenciesSec. 36b-31-21b-3. Exemption for non-issuer transaction through a registered broker-dealerFor purposes of section 36b-21 (b) (3) of the general statutes, unless the confirmation is conspicuously marked \"unsolicited order,\" the customer s…

Regulations of Connecticut State AgenciesSec. 36b-31-21b-4—36b-31-21b-8. Reserved AUTHORITY: Conn. Gen. Stat. § 36b-31

Regulations of Connecticut State AgenciesSec. 36b-31-21b-9a. Exemption for transactions pursuant to Section 4 (2) of the Securities Act of 1933(a) For purposes of section 36b-21 (b) (9) (A) of the general statutes, a transaction not involving a public offering within the meaning …

Regulations of Connecticut State AgenciesSec. 36b-31-21b-9b. Exemption for transactions pursuant to rules 504, 505 and 506 of regulation D(a) If the requirements of this section are satisfied, section 36b-21 (b) (9) (A) of the general statutes shall exempt from section 36b-16 of …

Regulations of Connecticut State AgenciesSec. 36b-31-21c. Summary denial or revocation of exemptionIf a summary order is issued, an opportunity for a hearing under section 36b-21 (c) of the general statutes shall be granted only if a written request for such hearing is filed with…

Regulations of Connecticut State AgenciesSec. 36b-31-22. Filing of sales literature with the commissioner(a) An issuer of securities shall file with the commissioner any prospectus, pamphlet, circular, form letter, advertisement or other sales literature or advertising communicat…

Regulations of Connecticut State AgenciesSec. 36b-31-23—36b-31-30. Reserved AUTHORITY: Conn. Gen. Stat. § 36b-31

Regulations of Connecticut State AgenciesSec. 36b-31-3. Definitions(a) As used in sections 36b-31-2 to 36b-31-33, inclusive, of the regulations, \"Act\" means chapter 672a of the general statutes, The Connecticut Uniform Securities Act. (b) In implementing section 36b-3 (2) (C) o…

Regulations of Connecticut State AgenciesSec. 36b-31-31a. Forms(a) The following forms, as amended from time to time, are prescribed for use under the Act and sections 36b-31-2 to 36b-31-3, inclusive, of the regulations: (1) Uniform Application to Register Securities (Form U-1 or…

Regulations of Connecticut State AgenciesSec. 36b-31-31b. Filing of documents; filing fees(a) All applications and other documents received and filed with the commissioner become a part of the agency's records and shall not be returned to the applicant or correspondent. (b) All f…

Regulations of Connecticut State AgenciesSec. 36b-31-31c. Exemptions from sections 36b-31-2 to 36b-31-33, inclusive, of the regulationsThe commissioner may exempt a person, security or transaction from a specified provision of sections 36b-31-2 to 36b-31-33, inclusive, of the reg…

Regulations of Connecticut State AgenciesSec. 36b-31-31d. Incorporation of federal statutes, rules and opinionsAny regulation requiring compliance with a federal statute, rule or interpretive opinion (excluding \"no action letters\") of the Securities and Exchange Commission or o…

Regulations of Connecticut State AgenciesSec. 36b-31-31e. Advisory interpretationsThe commissioner, or employees of the department of banking authorized by him may, whether or not requested by any person, issue written advisory interpretations of sections 36b-31-2 to 36b-31-33, i…

Regulations of Connecticut State AgenciesSec. 36b-31-31f. HearingsThe commissioner or the designated hearing officer may during the course of a hearing establish rules to maintain the orderly conduct and proceedings of the hearing. (Effective August 22, 1994; TransferredJuly 3, 1…

Regulations of Connecticut State AgenciesSec. 36b-31-32—36b-31-33. Reserved AUTHORITY: Conn. Gen. Stat. § 36b-31

Regulations of Connecticut State AgenciesSec. 36b-31-4. Reserved AUTHORITY: Conn. Gen. Stat. § 36b-31

Regulations of Connecticut State AgenciesSec. 36b-31-5a. Advertisements by investment advisers(a) As used in this section \"advertisement\" includes, but is not limited to, any notice, circular, letter or other written communication addressed to more than one person, or any notic…

Regulations of Connecticut State AgenciesSec. 36b-31-5b. Custody or possession of client funds or securities(a) It shall constitute a fraudulent, deceptive or misleading act, practice or course of business for any investment adviser having custody or possession of funds or securi…

Regulations of Connecticut State AgenciesSec. 36b-31-5c. Disclosures to advisory clients(a) As used in this section, (1) \"contract for impersonal advisory services\" means any contract relating solely to the provision of investment advisory services (A) by means of written mater…

Regulations of Connecticut State AgenciesSec. 36b-31-5d. Statement of advisory feeA statement in the written advisory contract of an advisory fee based on total or net asset value or of a flat fee constitutes compliance with the requirement in section 36b-5 (b) (1) (A) of the gen…

Regulations of Connecticut State AgenciesSec. 36b-31-5e. AssignmentIn implementing section 36b-5 (b) (3) of the general statutes, \"assignment\" shall not include a transaction not resulting in a change of actual control or management of an investment adviser. (Effective August 2…

Regulations of Connecticut State AgenciesSec. 36b-31-6a. Broker-dealer and agent registration(a) No corporation or partnership shall be registered as a broker-dealer without the registration of at least one agent. (b) A broker-dealer shall file written notice with the commissione…

Regulations of Connecticut State AgenciesSec. 36b-31-6b. Investment adviser and investment adviser agent registration(a) No corporation or partnership shall be registered as an investment adviser without the registration of at least one investment adviser agent. (b) An investment…

Regulations of Connecticut State AgenciesSec. 36b-31-6c. Central registration depositoryFor purposes of sections 36b-6, 36b-7, 36b-12, 36b-13 and 36b-32 of the general statutes, the computerized Central Registration Depository operated by the National Association of Securities De…

Regulations of Connecticut State AgenciesSec. 36b-31-6d. Temporary transfer procedures(a) The commissioner may issue a temporary agent registration and terminate such a registration in accordance with temporary agent transfer procedures under the Central Registration Depository o…

Regulations of Connecticut State AgenciesSec. 36b-31-6e. Private securities transactions by broker-dealer agents(a) As used in this section, (1) \"private securities transaction\" means any securities transaction outside the regular course or scope of an agent's employment with a…

Regulations of Connecticut State AgenciesSec. 36b-31-6f. Supervision requirements(a) As used in this section, \"manager\" means (1) any person who supervises agents or investment adviser agents, as the case may be, either directly or indirectly or (2) any person responsible for t…

Regulations of Connecticut State AgenciesSec. 36b-31-6g. Multiple registration(a) No person shall be concurrently registered as an agent of more than one broker-dealer or issuer unless written consent is obtained from the commissioner. (b) No person shall be concurrently register…

Regulations of Connecticut State AgenciesSec. 36b-31-7a. Broker-dealer applicant experience requirements(a) Each applicant for broker-dealer registration shall (1) have been engaged in the securities business as a broker-dealer or agent spending a major portion of his working tim…

Regulations of Connecticut State AgenciesSec. 36b-31-7b. Investment adviser experience requirements(a) Each applicant for investment adviser registration shall (1) have been engaged in the securities business as a broker-dealer, agent, investment adviser or investment adviser age…

Regulations of Connecticut State AgenciesSec. 36b-31-7c. Registration of real property securities dealersThose persons who (a) offer for sale units of ownership in real property securities as defined in section 20-329o (2) of the general statutes, and real estate syndicate securi…

Regulations of Connecticut State AgenciesSec. 36b-31-7d. Successor registration(a) A broker-dealer or investment adviser seeking to register as a successor shall file (1) a copy of Form BD (excluding Schedule F) or a copy of Form ADV, as the case may be and (2) a list of all regi…

Regulations of Connecticut State AgenciesSec. 36b-31-7e. Requirements for use of trade names by registrants(a) As used in this section, (1) \"advertisement\" means material published, or designed for use in, a newspaper, magazine or other periodical, radio, television, telephone …

Regulations of Connecticut State AgenciesSec. 36b-31-8. Reserved AUTHORITY: Conn. Gen. Stat. § 36b-31

Regulations of Connecticut State AgenciesSec. 36b-31-9a. Statement of financial condition(a) Each applicant for initial registration as a broker-dealer or investment adviser shall file as part of its application an original statement of financial condition in such detail as to di…

Regulations of Connecticut State AgenciesSec. 36b-31-9b. Net capital requirements for broker-dealers(a) Each broker-dealer applicant and registrant shall have and maintain the minimum net capital required by Securities and Exchange Commission Rule 15c3-1, 17 C.F.R. § 240.15c3-1, …

Regulations of Connecticut State AgenciesSec. 36b-31-9c. Minimum capital requirements for investment advisers(a) Each investment adviser applicant and registrant shall have and maintain tangible assets in excess of liabilities less satisfactory subordination agreements to the ext…

Regulations of Connecticut State AgenciesSec. 38-114f-10,38-114f-12,38-114f-13. (Repealed) Repealed February 23, 1984. AUTHORITY: Conn. Gen. Stat. § 38-114f

Regulations of Connecticut State AgenciesSec. 38-114f-1—38-114f-19. Transferred, September 25, 1992.Former SectionNew Section38-114f-138a-328-138-114f-238a-328-238-114f-338a-328-338-114f-438a-328-438-114f-538a-328-538-114f-638a-328-638-114f-738a-328-738-114f-838a-328-838-114f-938…

Regulations of Connecticut State AgenciesSec. 38-130c-1—38-130c-9. Transferred, September 25, 1992.Former SectionNew Section38-130c-138a-439-138-130c-238a-439-238-130c-338a-439-338-130c-438a-439-438-130c-538a-439-538-130c-638a-439-638-130c-738a-439-738-130c-838a-439-838-130c-938a…

Regulations of Connecticut State AgenciesSec. 38-130e-1—38-130e-9. Transferred, September 25, 1992.Former SectionNew Section38-130e-138a-78-138-130e-238a-78-238-130e-338a-78-338-130e-438a-78-438-130e-538a-78-538-130e-638a-78-638-130e-738a-78-738-130e-838a-78-838-130e-938a-78-9 AU…