Proposed Rules Postings
A Service of the Office of the Secretary of State
Search Rules
Deadline For Public Comment
|
Deadline: Mar 29, 2016 The deadline for public comment has expired. Contact the agency or primary contact person listed below for assistance. |
Rule Details
| Rule Number: | 16P007 |
| Title: | Vermont Securities Regulations. |
| Type: | Standard |
| Status: | Adopted |
| Agency: | Department of Financial Regulation |
| Legal Authority: | 9 V.S.A. § 5605(a). |
| Summary: | This rule establishes a comprehensive set of regulations to govern the sale of securities in the State of Vermont. Chapter 1 establishes authority and definitions; Chapter 2 lists all materials incorporated by reference; Chapter 3 provides for the registration of Broker-Dealers and Broker-Dealer Agents; Chapter 4 outlines registration requirements for securities offerings; Chapter 5 exempts certain securities offerings from registration; Chapter 6 establishes rules for certain communications in securities transactions; Chapter 7 provides for the registration of Investment Advisers and Investment Adviser Representatives; and Chapter 8 provides for certain provisions that apply to all securities professionals. |
| Persons Affected: | The parties affected by this rule will be enterprises who wish to sell securities in the State of Vermont, Broker-Dealers, Broker Dealer Agents, Investment Advisers, Investment Adviser Representatives, Solicitors, Vermont investors, the Vermont Securities Division, and, by extension, the Department of Financial Regulation and the State of Vermont. This rule should reduce the cost of compliance for all parties while increasing the efficiency of certain securities division operations. The new language is in plain English and structured in a way that should make it easier to understand and comply with, thus reducing labor hours and legal costs for those that are governed by the rule. |
| Economic Impact: | This rule creates a comprehensive set of regulations for the securities industry, which should make operating within the securities industry easier, and thereby help capital formation. |
| Posting date: | Feb 17,2016 |
Hearing Information
| Information for Hearing # 1 | |
| Hearing date: | |
| Location: | Department of Financial Regulation |
| Address: | 89 Main Street |
| City: | Montpelier |
| State: | VT |
| Zip: | 05620 |
| Hearing Notes: |
Contact Information
| Information for Contact # 1 | |||
| Level: | Primary | ||
| Name: | Christopher Smith, Director of Capital Markets | ||
| Agency: | Department of Financial Regulation | ||
| Address: | 89 Main Street | ||
| City: | Montpelier | ||
| State: | VT | ||
| Zip: | 05620 | ||
| Telephone: | 802-828-0727 | ||
| Fax: | 802-828-2896 | ||
Email: |
christopher.smith@vermont.gov |
||
| Website Address: | http://www.dfr.vermont.gov/proposed-rules-and-regulations  |
||
| Information for Contact # 2 | |||
| Level: | Secondary | ||
| Name: | Michael Pieciak, Deputy Commissioner for Securities | ||
| Agency: | Department of Financial Regulation | ||
| Address: | 89 Main Street | ||
| City: | Montpelier | ||
| State: | VT | ||
| Zip: | 05620 | ||
| Telephone: | 802-828-3422 | ||
| Fax: | 802-828-2896 | ||
Email: |
michael.pieciak@vermont.gov |
||
Keyword Information
| Keywords: |
|
v 1.0.2