Title 21 — Title 21 SECURITIES AND INVESTMENTS
4 chapters · 144 sections in this title.
RCW 21.30.240 Fees.
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(1) An applicant for licensing shall pay a registration fee as follows:(a) For a commodity broker-dealer, two hundred dollars; and for each branch office, one hundred dollars; and(b) For a commodity sales representative, fifty dollars.(2) Except in any year in which a licensing f…
RCW 21.30.250 Examinations—Waiver.
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(1) The administrator may, by rule or order, impose an examination requirement upon:(a) An applicant applying for licensing under this chapter; and(b) Any class of applicants.(2) Any examination required may be administered by the administrator or a designee of the administrator.…
RCW 21.30.260 Expiration of licenses—Authority under commodity sales representative license—Notification of changes.
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(1) The license of a commodity broker-dealer or commodity sales representative expires on December 31 of the year for which issued or at such other time as the administrator may by rule prescribe.(2) The license of a commodity sales representative is only effective with respect t…
RCW 21.30.270 Multiple licenses, when permitted.
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No person may at any one time act as a commodity sales representative for more than one commodity broker-dealer or one issuer, except (1) where the commodity broker-dealers for whom the commodity sales representative will act are affiliated by direct or indirect common control, a…
RCW 21.30.280 Classification of licenses—Limitations and conditions of licenses.
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If the administrator determines, by rule, that one or more classifications of licenses as a commodity broker-dealer or commodity sales representative which are subject to limitations and conditions on the nature of the activities which may be conducted by those persons are consis…
RCW 21.30.290 Annual report and fee.
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For so long as a commodity broker-dealer or commodity sales representative is licensed under this chapter, it shall file an annual report, together with the annual fee specified in RCW 21.30.240(2), with the administrator or the administrator's designee at a time and including th…
RCW 21.30.300 Minimum net capital and fidelity bond requirements.
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(1)(a) The administrator may, by rule, require a licensed commodity broker-dealer to maintain: (i) Minimum net capital; and (ii) a prescribed ratio between net capital and aggregate indebtedness. The minimum net capital and net capital-to-aggregate indebtedness ratio may vary wit…
RCW 21.30.310 Financial and other reports.
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A licensed commodity broker-dealer shall file financial and other reports that the administrator determines, by rule, are necessary or appropriate.[ 1986 c 14 s 32.]
RCW 21.30.320 Records.
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(1) A licensed commodity broker-dealer or commodity sales representative shall make and maintain records that the administrator determines, by rule, are necessary or appropriate.(2) Required records may be maintained in computer or microform format or any other form of data stora…
RCW 21.30.330 Correcting amendments of information in application or financial and other reports—Exception.
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If the information contained in any document filed with the administrator or the administrator's designee pursuant to RCW 21.30.230 or 21.30.310, except for those documents which the administrator, by rule or order, may exclude from this requirement, is or becomes inaccurate or i…
RCW 21.30.340 Examination of records—Copies—Fees.
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(1) The administrator, without prior notice, may examine the records and require copies of the records which a licensed commodity broker-dealer or commodity sales representative is required to make and maintain under RCW 21.30.320, within or without this state, in a manner reason…
RCW 21.30.350 Denial, suspension, revocation, or limitation of license—Grounds.
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(1) The administrator may, by order, deny, suspend, or revoke any license or an exemption granted under RCW 21.30.030(7), limit the activities which an applicant or licensed person may perform in this state, conserve any applicant or licensed person, or bar any applicant or licen…
RCW 21.30.360 Violations—Prosecuting attorney may bring criminal proceedings.
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The director may refer such evidence as may be available concerning violations of this chapter or of any rule or order under this chapter to the proper prosecuting attorney, who may in his or her discretion, with or without such a reference, institute the appropriate criminal pro…
RCW 21.30.370 Penalties in chapter nonexclusive.
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Nothing in this chapter limits the power of the state to punish a person for conduct which constitutes a crime by statute or at common law.[ 1986 c 14 s 38.]
RCW 21.30.380 Administration of chapter under director of financial institutions.
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The administration of this chapter shall be under the director of the department of financial institutions.[ 1994 c 92 s 6; 1986 c 14 s 39.]
RCW 21.30.390 Administrator—Appointment—Delegation of duties—Term.
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The director shall appoint a competent person to administer this chapter, who shall be designated the administrator. The director shall delegate to the administrator such powers, subject to the authority of the director, as may be necessary to carry out this chapter. The administ…
RCW 21.30.400 Director's powers and duties—Rules, forms, and orders—Fees.
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In addition to specific authority granted elsewhere in this chapter, the director may make, amend, and rescind rules, forms, and orders as are necessary to carry out this chapter. Such rules or forms shall include but need not be limited to rules defining any terms, whether or no…
RCW 21.30.800 Securities laws not affected.
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Nothing in this chapter shall impair, derogate from, or otherwise affect the authority or powers of the administrator under the securities act of Washington, chapter 21.20 RCW, or the application of any provision thereof to any person or transaction subject thereto.[ 1986 c 14 s …
RCW 21.30.810 Construction and purpose.
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This chapter may be construed and implemented to effectuate its general purpose to protect investors, to prevent and prosecute illegal and fraudulent schemes involving commodities and to maximize coordination with federal and other states' law and the administration and enforceme…
RCW 21.30.901 Effective date—1986 c 14.
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This act shall take effect on October 1, 1986.[ 1986 c 14 s 46.]
RCW 21.35.005 Definitions.
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Unless the context clearly requires otherwise, the definitions in this section apply throughout this chapter.(1) "Beneficiary form" means a registration of a security that indicates the present owner of the security and the intention of the owner regarding the person who will bec…
RCW 21.35.010 Security registered in beneficiary form—Ownership.
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Only individuals whose registration of a security shows sole ownership by one individual or multiple ownership by two or more with right of survivorship, rather than as tenants in common, may obtain registration in beneficiary form. Multiple owners of a security registered in ben…
RCW 21.35.015 Registering a security in beneficiary form—Authorization.
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A registering entity may register a security in beneficiary form if the form is authorized by this chapter or a substantially identical statute of another state if the state is: (1) The state of organization of the issuer or registering entity, (2) the location of the registering…
RCW 21.35.020 Registering a security in beneficiary form—Designation of beneficiary.
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A security, whether evidenced by certificate or account, is registered in beneficiary form when the registration includes a designation of a beneficiary to take the ownership at the death of a sole owner or at the death of the last to die of multiple owners.[ 1993 c 287 s 4.]
RCW 21.35.025 Registering a security in beneficiary form—Words of designation.
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Registration in beneficiary form may be shown by the words "transfer on death" or the abbreviation "TOD," or by the words "pay on death" or the abbreviation "POD," after the name of the registered owner or owners and before the name of a beneficiary.[ 1993 c 287 s 5.]
RCW 21.35.030 Designation of a TOD or POD beneficiary—Effect on ownership—Cancellation or change.
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The designation of a TOD or POD beneficiary on a registration in beneficiary form has no effect on ownership of the security until the owner's death, or on community property rights and obligations of owners. A registration of a security in beneficiary form may be canceled or cha…
RCW 21.35.035 Death of owner or owners—Ownership passes to beneficiaries.
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On death of a sole owner or the last to die of all multiple owners, ownership of securities registered in beneficiary form passes to the beneficiary or beneficiaries who survive all owners. On proof of death of all owners and compliance with any applicable requirements of the reg…
RCW 21.35.040 Registering entity—Protection.
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(1) A registering entity is not required to offer or to accept a request for security registration in beneficiary form. If a registration in beneficiary form is offered by a registering entity, the owner requesting registration in beneficiary form assents to the protections given…
RCW 21.35.045 Transfer on death—Contract—Rights of creditors.
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(1) A transfer on death resulting from a registration in beneficiary form is effective by reason of the contract regarding the registration between the owner and the registering entity and this chapter and is not testamentary.(2) This chapter does not limit the rights of creditor…
RCW 21.35.050 Registering entity—Terms and conditions—Forms authorized.
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(1) A registering entity offering to accept registrations in beneficiary form may establish the terms and conditions under which it will receive requests (a) for registrations in beneficiary form, and (b) for implementation of registrations in beneficiary form, including requests…
RCW 21.35.900 Short title—Statutory construction.
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(1) This chapter shall be known as and may be cited as the uniform TOD security registration act.(2) This chapter shall be liberally construed and applied to promote its underlying purposes and policy and to make uniform the laws with respect to the subject of this chapter among …
RCW 21.35.901 Application.
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This chapter applies to registrations of securities in beneficiary form made before or after July 25, 1993, by decedents dying on or after July 25, 1993.[ 1993 c 287 s 12.]
RCW 21.35.902 Construction—Chapter applicable to state registered domestic partnerships—2009 c 521.
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For the purposes of this chapter, the terms spouse, marriage, marital, husband, wife, widow, widower, next of kin, and family shall be interpreted as applying equally to state registered domestic partnerships or individuals in state registered domestic partnerships as well as to …
RCW 21.40.005 Definitions.
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The definitions in this section apply throughout this chapter unless the context clearly requires otherwise.(1) "Monetary sanction" means any moneys, including penalties, disgorgement, and interest, ordered to be paid as a result of an administrative or judicial action.(2) "Origi…
RCW 21.40.010 Rules and regulations.
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The securities administrator may adopt such rules and regulations as may be necessary or appropriate to implement the provisions of this chapter consistent with its purpose.[ 2023 c 149 s 11.]
RCW 21.40.020 Award—Original material—Successful enforcement.
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Subject to the provisions of this chapter, the securities administrator may award an amount to one or more whistleblowers who voluntarily provide original information in writing, and in the form and manner required by the securities administrator, to the securities division that …
RCW 21.40.030 Disclosure of whistleblower identity.
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Any individual who anonymously makes a claim must be represented by counsel. Prior to the payment of an award, a whistleblower shall disclose their identity and provide such other information as the securities division may require, directly or through counsel, for the whistleblow…
RCW 21.40.040 Amount of award limited.
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If the securities administrator determines to make one or more awards under RCW 21.40.020, the aggregate amount of awards that may be awarded in connection with an administrative or judicial action may not be less than 10 percent nor more than 30 percent of the monetary sanctions…
RCW 21.40.050 Authority to determine award amount—Securities administrator.
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The determination of the amount of an award made under this chapter shall be in the discretion of the securities administrator consistent with RCW 21.40.040 and 21.40.060.[ 2023 c 149 s 6.]
RCW 21.40.060 Payment from securities prosecution fund.
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Any whistleblower awards paid under this chapter shall be paid from the securities prosecution fund established in RCW 43.320.115.[ 2023 c 149 s 7.]
RCW 21.40.070 Determination of award amount—Factors.
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In determining the amount of an award under this chapter, the securities administrator shall consider:(1) The significance of the original information provided by the whistleblower to the success of the administrative or judicial action;(2) The degree of assistance provided by th…
RCW 21.40.080 Prohibition on awards for certain whistleblowers.
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The securities administrator shall not provide an award to a whistleblower under this section if the whistleblower:(1) Is convicted of a felony in connection with the administrative or judicial action for which the whistleblower otherwise could receive an award;(2) Acquires the o…
RCW 21.40.090 Retaliatory action unlawful—Exceptions—Action for relief—Miscellaneous.
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(1) No employer may directly or indirectly terminate, discharge, demote, suspend, threaten, harass, or in any other manner retaliate against, an individual because of any lawful act done by the individual:(a) In providing information to the state or other law enforcement agency c…
RCW 21.40.900 Short title—2023 c 149.
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Chapter 149, Laws of 2023 may be known and cited as the whistleblower award and protection act.[ 2023 c 149 s 1.]