§ 21.20.005 Definitions
§ 21.20.010 Unlawful offers, sales, purchases
§ 21.20.020 Unlawful acts of person advising another
§ 21.20.030 Unlawful acts of investment adviser
§ 21.20.035 Unlawful purchases or sales for customer’s account
§ 21.20.037 Variable contracts — Registration required — Rules
§ 21.20.040 Registration and notification required — Exemptions
§ 21.20.050 Application for registration — Filing of documents — Consent to service of process — Fee
§ 21.20.060 Contents of application for registration — Capital requirements
§ 21.20.070 When registration effective — Requirements determined by rule
§ 21.20.080 Duration of registration — Association with issuer, broker-dealer, federal covered adviser, or investment adviser — Notice to director — Extension of licensing period
§ 21.20.090 Renewal of registration — Financial reports — Application for a successor
§ 21.20.100 Accounts, correspondence, memoranda, papers, books, and other records — Release of information — Correction of filed document — Examination
§ 21.20.110 Director may deny, suspend, revoke, restrict, condition, or limit any application or registration — Director may censure or fine registrant — Grounds — Procedures — Costs — Accounting
§ 21.20.120 Denial, suspension, revocation of registration — Order — Request for, notice of hearing — Findings and conclusions
§ 21.20.130 Cancellation of registration or application — Grounds
§ 21.20.135 License as salesperson or broker-dealer prerequisite to suit for commission
§ 21.20.140 Unlawful to offer or sell unregistered securities — Exceptions
§ 21.20.180 Registration by coordination — Requirements — Statement, contents
§ 21.20.190 Time of taking effect of registration statement by coordination — Conditions — “Price amendment”, notification
§ 21.20.200 Failure to notify of price amendment, proof of compliance — Stop order — Waiver of certain conditions
§ 21.20.210 Registration by qualification — Statements — Requirements — Audits
§ 21.20.220 Information not required when nonissuer distribution
§ 21.20.230 Time of taking effect of registration statement by qualification — Conditions
§ 21.20.240 Registration statements — Generally
§ 21.20.250 Registration by qualification or coordination — Escrow — Impounding proceeds
§ 21.20.260 Registration by coordination or qualification — Offer and sale — Duration of effectiveness
§ 21.20.270 Reports by filer of statement — Annual financial statements
§ 21.20.275 Pending registration — Notice of termination — Application for continuation
§ 21.20.280 Stop orders — Grounds
§ 21.20.290 Stop order prohibited if facts known on effective date of statement
§ 21.20.300 Notification of entry of stop order — Hearing — Findings, conclusions, modification, etc
§ 21.20.310 Securities exempt from registration
§ 21.20.320 Exempt transactions
§ 21.20.325 Denial, revocation, condition, of exemptions — Authority — Procedure
§ 21.20.327 Required filings — Consent to service — Failure to comply — Rules — Fees
§ 21.20.330 Consent to service of process — Service, how made
§ 21.20.340 Fees — Disposition
§ 21.20.350 False or misleading statements in filed documents
§ 21.20.360 Filing, registration, statement, exemption not conclusive as to truth or completeness — Unlawful representations
§ 21.20.370 Investigations — Statement of facts relating to investigation may be permitted — Publication of information — Use of criminal history record information
§ 21.20.377 Subpoena authority — Application — Contents — Notice — Fees
§ 21.20.380 Oaths — Subpoenas — Assisting another state — Compelling obedience — Punishment
§ 21.20.390 Injunction, cease and desist order, restraining order, mandamus — Appointment of receiver or conservator for insolvent — Restitution or damages — Costs — Accounting
§ 21.20.395 Administrative action — Hearing — Judicial review — Judgment
§ 21.20.400 Penalty for violation of chapter — Limitation of actions
§ 21.20.410 Attorney general, prosecuting attorney may institute criminal proceeding — Referral of evidence by director
§ 21.20.420 Criminal punishment, chapter not exclusive
§ 21.20.430 Civil liabilities — Survival, limitation of actions — Waiver of chapter void — Scienter
§ 21.20.435 Assurance of discontinuance of violations — Acceptance — Filing
§ 21.20.440 Judicial review of order — Modification of order by director on additional evidence
§ 21.20.450 Administration of chapter — Rules and forms, publication — Cooperation with other state and federal authorities
§ 21.20.460 Administrator of securities — Appointment, qualifications, term, etc
§ 21.20.470 Compensation, travel expenses of administrator and employees
§ 21.20.480 Unlawful use or disclosure of filed information
§ 21.20.490 No liability under chapter for act in good faith
§ 21.20.500 Administrative hearings public — Exception
§ 21.20.510 Document filed when received — Register — Inspection of register, information, etc
§ 21.20.520 Copies of entries, documents to be furnished — Copies as prima facie evidence
§ 21.20.530 Interpretative opinions by director
§ 21.20.540 Exemptions, exceptions, and preemptions — Burden of proof
§ 21.20.700 Investigations and examinations — Additional authority — Scope
§ 21.20.702 Suitability of recommendation — Reasonable grounds required
§ 21.20.810 Application of chapter not limited
§ 21.20.855 Examination reports and information — Exempt from public disclosure — Use in civil actions
§ 21.20.860 Construction — Chapter applicable to state registered domestic partnerships — 2009 c 521
§ 21.20.880 Small securities offerings — Exemptions — Annual reports — Disqualification provisions — Rules
§ 21.20.900 Construction to secure uniformity
§ 21.20.910 Saving — Civil, criminal proceedings
§ 21.20.915 Saving — Prior effective registrations
§ 21.20.920 Application of prior law
§ 21.20.925 Judicial review of prior administrative orders
§ 21.20.930 Solicitation permits under insurance laws not limited
§ 21.20.935 Repealer
§ 21.20.940 Short title
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Terms Used In Washington Code > Chapter 21.20 - Securities act of Washington

  • Affidavit: A written statement of facts confirmed by the oath of the party making it, before a notary or officer having authority to administer oaths.
  • Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
  • Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Bankruptcy: Refers to statutes and judicial proceedings involving persons or businesses that cannot pay their debts and seek the assistance of the court in getting a fresh start. Under the protection of the bankruptcy court, debtors may discharge their debts, perhaps by paying a portion of each debt. Bankruptcy judges preside over these proceedings.
  • Broker-dealer: means any person engaged in the business of effecting transactions in securities for the account of others or for that person's own account. See Washington Code 21.20.005
  • Common law: The legal system that originated in England and is now in use in the United States. It is based on judicial decisions rather than legislative action.
  • Contract: A legal written agreement that becomes binding when signed.
  • Conviction: A judgement of guilt against a criminal defendant.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Customer: means a person other than a broker-dealer or investment adviser. See Washington Code 21.20.005
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • Defendant: In a civil suit, the person complained against; in a criminal case, the person accused of the crime.
  • Dependent: A person dependent for support upon another.
  • Director: means the director of financial institutions of this state. See Washington Code 21.20.005
  • Discovery: Lawyers' examination, before trial, of facts and documents in possession of the opponents to help the lawyers prepare for trial.
  • Escrow: Money given to a third party to be held for payment until certain conditions are met.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Executor: A male person named in a will to carry out the decedent
  • Federal covered adviser: means any person registered as an investment adviser under section 203 of the investment advisers act of 1940. See Washington Code 21.20.005
  • Federal covered security: means any security defined as a covered security in the securities act of 1933. See Washington Code 21.20.005
  • Fiduciary: A trustee, executor, or administrator.
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • Fraud: Intentional deception resulting in injury to another.
  • Full business day: means all calendar days, excluding therefrom Saturdays, Sundays, and all legal holidays, as defined by statute. See Washington Code 21.20.005
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • Guaranteed: means guaranteed as to payment of principal, interest, or dividends. See Washington Code 21.20.005
  • Guarantor: A party who agrees to be responsible for the payment of another party's debts should that party default. Source: OCC
  • Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
  • Indictment: The formal charge issued by a grand jury stating that there is enough evidence that the defendant committed the crime to justify having a trial; it is used primarily for felonies.
  • Injunction: An order of the court prohibiting (or compelling) the performance of a specific act to prevent irreparable damage or injury.
  • Investment adviser: means any person who, for compensation, engages in the business of advising others, either directly or through publications or writings, as to the value of securities or as to the advisability of investing in, purchasing, or selling securities, or who, for compensation and as a part of a regular business, issues or promulgates analyses or reports concerning securities. See Washington Code 21.20.005
  • Investment adviser representative: means any partner, officer, director, or a person occupying similar status or performing similar functions, or other individual, who is employed by or associated with an investment adviser, and who does any of the following:
Washington Code 21.20.005
  • Issuer: means any person who issues or proposes to issue any security, except that with respect to certificates of deposit, voting trust certificates, or collateral-trust certificates, or with respect to certificates of interest or shares in an unincorporated investment trust not having a board of directors (or persons performing similar functions) or of the fixed, restricted management, or unit type; the term "issuer" means the person or persons performing the acts and assuming the duties of depositor or manager pursuant to the provisions of the trust or other agreement or instrument under which the security is issued. See Washington Code 21.20.005
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Litigation: A case, controversy, or lawsuit. Participants (plaintiffs and defendants) in lawsuits are called litigants.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Nonissuer: means not directly or indirectly for the benefit of the issuer. See Washington Code 21.20.005
  • Oath: A promise to tell the truth.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • Person: means an individual, a corporation, a partnership, a limited liability company, a limited liability partnership, an association, a joint-stock company, a trust where the interest of the beneficiaries are evidenced by a security, an unincorporated organization, a government, or a political subdivision of a government. See Washington Code 21.20.005
  • Plaintiff: The person who files the complaint in a civil lawsuit.
  • Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
  • Rescission: The cancellation of budget authority previously provided by Congress. The Impoundment Control Act of 1974 specifies that the President may propose to Congress that funds be rescinded. If both Houses have not approved a rescission proposal (by passing legislation) within 45 days of continuous session, any funds being withheld must be made available for obligation.
  • Restitution: The court-ordered payment of money by the defendant to the victim for damages caused by the criminal action.
  • Salesperson: means any individual other than a broker-dealer who represents a broker-dealer or issuer in effecting or attempting to effect sales of securities. See Washington Code 21.20.005
  • Security: means any note; stock; treasury stock; bond; debenture; evidence of indebtedness; certificate of interest or participation in any profit-sharing agreement; collateral-trust certificate; preorganization certificate or subscription; transferable share; investment contract; investment of money or other consideration in the risk capital of a venture with the expectation of some valuable benefit to the investor where the investor does not receive the right to exercise practical and actual control over the managerial decisions of the venture; voting-trust certificate; certificate of deposit for a security; fractional undivided interest in an oil, gas, or mineral lease or in payments out of production under a lease, right, or royalty; charitable gift annuity; any put, call, straddle, option, or privilege on any security, certificate of deposit, or group or index of securities, including any interest therein or based on the value thereof; or any put, call, straddle, option, or privilege entered into on a national securities exchange relating to foreign currency; or, in general, any interest or instrument commonly known as a "security" or any certificate of interest or participation in, temporary or interim certificate for, receipt for, guarantee of, or warrant or right to subscribe to or purchase, any security under this subsection. See Washington Code 21.20.005
  • sell: includes every contract of sale of, contract to sell, or disposition of, a security or interest in a security for value. See Washington Code 21.20.005
  • Service of process: The service of writs or summonses to the appropriate party.
  • State: means any state, territory, or possession of the United States, as well as the District of Columbia and Puerto Rico. See Washington Code 21.20.005
  • Statute: A law passed by a legislature.
  • Subpoena: A command to a witness to appear and give testimony.
  • Testify: Answer questions in court.
  • Testimony: Evidence presented orally by witnesses during trials or before grand juries.
  • Trustee: A person or institution holding and administering property in trust.
  • Writ: A formal written command, issued from the court, requiring the performance of a specific act.