Title 36b, Title 36b: Connecticut Securities Law and Business Opportunity Investment Act

Sec. 36b-68. (Formerly Sec. 36-511). Stop orders. Summary postponement or suspension of effectiveness of registration. Procedure. Abandonment of application for registration. (a) The commissioner may issue a stop order denying effectiveness to, or suspending or revoking the effec…

Sec. 36b-69. (Formerly Sec. 36-512). Registration does not imply approval. (a) The fact that an application for registration under section 36b-62 has been filed or the fact that a business opportunity is effectively registered shall not constitute a finding by the commissioner th…

Sec. 36b-7. (Formerly Sec. 36-475). Application for initial or renewal registration. Registration conditions. Waiver of specific registration requirements. (a) A broker-dealer, agent, investment adviser or investment adviser agent may obtain an initial or renewal registration by …

Sec. 36b-70. (Formerly Sec. 36-513). Banking Commissioner to administer. Sections 36b-60 to 36b-80, inclusive, shall be administered by the commissioner. (P.A. 79-458, S. 11, 19; P.A. 97-22, S. 15.) History: Sec. 36-513 transferred to Sec. 36b-70 in 1995; P.A. 97-22 made a techni…

Sec. 36b-71. (Formerly Sec. 36-514). Investigations. Powers of commissioner. (a) Subject to the provisions of the Freedom of Information Act, as defined in section 1-200, the commissioner may: (1) Make such public or private investigations within or outside of this state as he de…

Sec. 36b-72. (Formerly Sec. 36-515). Violations. Enforcement powers of commissioner. Remedies. (a) Whenever it appears to the commissioner, after an investigation, that any person or persons have violated, are violating or are about to violate any of the provisions of sections 36…

Sec. 36b-73. (Formerly Sec. 36-516). Penalties. (a) Any person who wilfully violates any provision of subdivision (6) of section 36b-67 shall be fined for each violation a maximum of twenty-five thousand dollars or imprisoned for not more than ten years, or both. (b) Any person w…

Sec. 36b-74. (Formerly Sec. 36-517). Contracts voidable, when. Purchaser-investor's remedies. (a) If a business opportunity seller uses any untrue or misleading statement in the sale of a business opportunity, or fails to give the proper disclosures in the manner required by sect…

Sec. 36b-75. (Formerly Sec. 36-517a). Application of certain provisions of chapter. When offer to sell or buy made in this state. (a) Sections 36b-62, 36b-65, 36b-67, 36b-69 and 36b-74 apply to persons who sell or offer to sell a business opportunity when an offer to sell is made…

Sec. 36b-76. (Formerly Sec. 36-518). Appeals. Any person aggrieved by a final decision of the commissioner may appeal to the superior court for the judicial district of New Britain in accordance with the provisions of section 4-183. (P.A. 79-458, S. 16, 19; P.A. 88-230, S. 1, 12;…

Sec. 36b-77. (Formerly Sec. 36-519). Commissioner to adopt regulations. (a) The commissioner may from time to time adopt, amend and rescind such regulations and forms as are necessary to carry out the provisions of sections 36b-60 to 36b-80, inclusive, including regulations and f…

Sec. 36b-78. (Formerly Sec. 36-520). Commissioner to keep register of applications. (a) A document is filed when it is received by the commissioner. (b) The commissioner shall keep a register of all applications for registration which are or have ever been effective under section…

Sec. 36b-79. (Formerly Sec. 36-521). Renewal of registration. Amended disclosure document. Not later than one hundred twenty days after the end of the seller's most recent fiscal year and each year thereafter, each seller whose business opportunity has been registered under secti…

Sec. 36b-8. (Formerly Sec. 36-476). Investigation of applicant for registration. Register. On receipt of the application for registration as a branch office, broker-dealer, agent, investment adviser or investment adviser agent, the commissioner may make such investigation of the …

Sec. 36b-80. False or misleading statements prohibited. No person shall make or cause to be made orally or in any document filed with the commissioner or in any proceeding, investigation or examination under sections 36b-60 to 36b-80, inclusive, any statement which is, at the tim…

Sec. 36b-9. (Formerly Sec. 36-477). Statement of financial condition. The commissioner may require that each application for registration of a broker-dealer or investment adviser be accompanied by a true and correct statement of financial condition, in such form and containing su…