Title 17 — Title 17 — Corporations, Partnerships And Associations
32 chapters · 1,419 sections in this title.
W.S. § 17-4-406 Registration by broker-dealer, agent, investment adviser, and investment adviser representative
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Registration by broker-dealer, agent, investment adviser, and investment adviser representative. (a) A person shall register as a broker-dealer, agent, investment adviser, or investment adviser representative by filing an application and a consent to service of process complying …
W.S. § 17-4-407 Succession and change in registration of broker-dealer or investment adviser
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Succession and change in registration of broker-dealer or investment adviser. (a) A broker-dealer or investment adviser may succeed to the current registration of another broker-dealer or investment adviser or a notice filing of a federal covered investment adviser, and a federal…
W.S. § 17-4-408 Termination of employment or association of agent and investment adviser representative and transfer of employment or association
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Termination of employment or association of agent and investment adviser representative and transfer of employment or association. (a) If an agent registered under this act terminates employment by or association with a broker-dealer or issuer, or if an investment adviser represe…
W.S. § 17-4-409 Withdrawal of registration of broker-dealer, agent, investment adviser, and investment adviser representative
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Withdrawal of registration of broker-dealer, agent, investment adviser, and investment adviser representative. Withdrawal of registration by a broker-dealer, agent, investment adviser, or investment adviser representative becomes effective sixty (60) days after the filing of the …
W.S. § 17-4-410 Filing fees
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Filing fees. (a) A person shall pay a fee of two hundred fifty dollars ($250.00) when initially filing an application for registration as a broker-dealer and a fee of two hundred fifty dollars ($250.00) when filing a renewal of registration as a brokerdealer. If the filing result…
W.S. § 17-4-411 Post registration requirements
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Post registration requirements. (a) Subject to section 15(h) of the Securities Exchange Act of 1934 (15 U.S.C. § 78o(h)) or section 222 of the Investment Advisers Act of 1940 (15 U.S.C. § 80b-22), a rule adopted or order issued under this act may establish minimum financial requi…
W.S. § 17-4-412 Denial, revocation, suspension, withdrawal, restriction, condition, or limitation of registration
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Denial, revocation, suspension, withdrawal, restriction, condition, or limitation of registration. (a) If the secretary of state finds that the order is in the public interest and subsection (d) of this section authorizes the action, an order issued under this act may deny an app…
W.S. § 17-4-501 General fraud
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General fraud. (a) It is unlawful for a person, in connection with the offer, sale, or purchase of a security, directly or indirectly: (i) To employ a device, scheme, or artifice to defraud; (ii) To make an untrue statement of a material fact or to omit to state a material fact n…
W.S. § 17-4-502 advice
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advice. Prohibited conduct in providing investment (a) It is unlawful for a person that advises others for compensation, either directly or indirectly or through publications or writings, as to the value of securities or the advisability of investing in, purchasing, or selling se…
W.S. § 17-4-503 Evidentiary burden
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Evidentiary burden. (a) In a civil action or administrative proceeding under this act, a person claiming an exemption, exception, preemption, or exclusion has the burden to prove the applicability of the claim. (b) In a criminal proceeding under this act, a person claiming an exe…
W.S. § 17-4-504 Filing of sales and advertising literature
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Filing of sales and advertising literature. (a) Except as otherwise provided in subsection (b) of this section, a rule adopted or order issued under this act may require the filing of a prospectus, pamphlet, circular, form letter, advertisement, sales literature, or other adverti…
W.S. § 17-4-505 Misleading filings
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Misleading filings. It is unlawful for a person to make or cause to be made, in a record that is used in an action or proceeding or filed under this act, a statement that, at the time and in the light of the circumstances under which it is made, is false or misleading in a materi…
W.S. § 17-4-506 exemption
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exemption. Misrepresentations concerning registration or (a) The filing of an application for registration, a registration statement, a notice filing under this act, the registration of a person, the notice filing by a person, or the registration of a security under this act does…
W.S. § 17-4-507 Qualified immunity
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Qualified immunity. A broker-dealer, agent, investment adviser, federal covered investment adviser, or investment adviser representative is not liable to another broker-dealer, agent, investment adviser, federal covered investment adviser, or investment adviser representative for…
W.S. § 17-4-508 Criminal penalties
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Criminal penalties. (a) A person that willfully violates this act, or a rule adopted or order issued under this act, except W.S. 17-4-504 or the notice filing requirements of W.S. 17-4-302 or 17-4-405, or that willfully violates W.S. 17-4-505 knowing the statement made to be fals…
W.S. § 17-4-509 Civil Liability
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Civil Liability. (a) Enforcement of civil liability under this section is subject to the Securities Litigation Uniform Standards Act of 1998. (b) A person is liable to the purchaser if the person sells a security in violation of W.S. 17-4-301 or, by means of an untrue statement o…
W.S. § 17-4-510 Rescission offers
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Rescission offers. (a) A purchaser, seller, or recipient of investment advice may not maintain an action under W.S. 17-4-509 if: (i) The purchaser, seller, or recipient of investment advice receives in a record, before the action is instituted: (A) An offer stating the respect in…
W.S. § 17-4-601 (a) Administration
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(a) Administration. The secretary of state shall administer this act. (b) It is unlawful for the secretary of state or an officer, employee, or designee of the secretary of state to use for personal benefit or the benefit of others records or other information obtained by or file…
W.S. § 17-4-602 (a) Investigations and subpoenas
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(a) Investigations and subpoenas. The secretary of state may: (i) Conduct public or private investigations within or outside of this state which the secretary of state considers necessary or appropriate to determine whether a person has violated, is violating, or is about to viol…
W.S. § 17-4-603 Civil enforcement
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Civil enforcement. (a) If the secretary of state believes that a person has engaged, is engaging, or is about to engage in an act, practice, or course of business constituting a violation of this act or a rule adopted or order issued under this act or that a person has, is, or is…
W.S. § 17-4-604 Administrative enforcement
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Administrative enforcement. (a) If the secretary of state determines that a person has engaged, is engaging or is about to engage in an act, practice, or course of business constituting a violation of this act or a rule adopted or order issued under this act or that a person has …
W.S. § 17-4-605 and hearings
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and hearings. (a) Rules, forms, orders, interpretative opinions, The secretary of state may: (i) Issue forms and orders and, after notice and comment, may adopt and amend rules necessary or appropriate to carry out this act and may repeal rules, including rules and forms governin…
W.S. § 17-4-606 Administrative files and opinions
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Administrative files and opinions. (a) The secretary of state shall maintain, or designate a person to maintain, a register of applications for registration of securities; registration statements; notice filings; applications for registration of broker-dealers, agents, investment…
W.S. § 17-4-607 Public records; confidentiality
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Public records; confidentiality. (a) Except as otherwise provided in subsection (b) of this section, records obtained by the secretary of state or filed under this act, including a record contained in or filed with a registration statement, application, notice filing, or report, …
W.S. § 17-4-608 Uniformity and cooperation with other agencies
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Uniformity and cooperation with other agencies. (a) The secretary of state shall, in his discretion, cooperate, coordinate, consult, and, subject to W.S. 17-4-607, share records and information with the securities regulator of another state, Canada, a Canadian province or territo…
W.S. § 17-4-609 Judicial review
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Judicial review. A final order issued by the secretary of state under this act is subject to judicial review in accordance with Wyoming Administrative Procedure Act.
W.S. § 17-4-610 Jurisdiction
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Jurisdiction. (a) W.S. 17-4-301, 17-4-302, 17-4-401(a), 17-4-402(a), 17-4-403(a), 17-4-404(a), 17-4-501, 17-4-506, 17-4-509, and 17-4-510 do not apply to a person that sells or offers to sell a security unless the offer to sell or the sale is made in this state or the offer to pu…
W.S. § 17-4-611 Service of process
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Service of process. (a) A consent to service of process complying with W.S. 17-4-611 required by this act must be signed and filed in the form required by a rule or order under this act. A consent appointing the secretary of state the person's agent for service of process in a no…
W.S. § 17-4-612 Severability clause
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Severability clause. If any provision of this act or its application to any person or circumstances is held invalid, the invalidity does not affect other provisions or applications of this act that can be given effect without the invalid provision or application, and to this end …
W.S. § 17-4-613 purposes
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purposes. Securities enforcement and compliance account; (a) There is created the securities enforcement and compliance account. Funds within the account shall only be expended by legislative appropriation. All funds within the account shall be invested by the state treasurer and…
W.S. § 17-4-701 Application of act to existing proceeding and existing rights and duties
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Application of act to existing proceeding and existing rights and duties. (a) The predecessor act exclusively governs all actions or proceedings that are pending on the effective date of this act or may be instituted on the basis of conduct occurring before the effective date of …