Conn. Gen. Stat. § 36b-2
(Formerly Sec. 36-470). Short title: Connecticut Uniform Securities Act
Sections 36b-2 to 36b-34, inclusive, may be cited as the “Connecticut Uniform Securities Act”.
General Statutes of Connecticut Chapter 672a — Uniform Securities Act
Connecticut · statute · Conn. Gen. Stat. ch. 672a · 35 active provisions
Conn. Gen. Stat. § 36b-3
(Formerly Sec. 36-471). Definitions
As used in sections 36b-2 to 36b-34, inclusive, unless the context otherwise requires: (1) “Agent” means any individual, other than a broker-dealer, who represents a broker-dealer or issuer in effecting or attempting to effect purchases or sales of securities. “Agent” does not include an individual who represents an is…
Conn. Gen. Stat. § 36b-4
(Formerly Sec. 36-472). Prohibited activities re the offer, sale or purchase of any security. Regulations
(a) No person shall, in connection with the offer, sale or purchase of any security, directly or indirectly: (1) Employ any device, scheme or artifice to defraud; (2) make any untrue statement of a material fact or omit to state a material fact necessary in order to make the statements made, in the light of the circums…
Conn. Gen. Stat. § 36b-5
(Formerly Sec. 36-473). Prohibited activities of investment advisers and persons who solicit advisory business on behalf of investment advisers
(a) No person who directly or indirectly receives compensation or other remuneration for advising another person as to the value of securities or their purchase or sale, whether through the issuance of analyses or reports or otherwise, shall: (1) Employ any device, scheme or artifice to defraud the other person; (2) ma…
Conn. Gen. Stat. § 36b-6
(Formerly Sec. 36-474). Broker-dealer, agent or investment adviser required to register. Exemptions. Branch offices. Notice re termination of business
(a) Except as provided in subsection (f) of this section, no person shall transact business in this state as a broker-dealer unless such person is registered under sections 36b-2 to 36b-34, inclusive. No person shall transact business in this state as a broker-dealer in contravention of a sanction that is currently eff…
Conn. Gen. Stat. § 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 filing with the commissioner or other depository as the commissioner may by regulation or order designate an application together with a consent to service of process pursuant to subsection (g) of…
Conn. Gen. Stat. § 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 applicant and the applicant's affairs as the commissioner deems necessary or advisable. Upon completion of such investigation, the…
Conn. Gen. Stat. § 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 such data as the commissioner may require. Such statement of financial condition shall be sworn to, before a per…
Conn. Gen. Stat. § 36b-10
(Formerly Sec. 36-478). Application for registration to be under oath
Each application for registration under sections 36b-2 to 36b-34, inclusive, shall be sworn to, before a person qualified to administer oaths, by the person making the same and shall state that the alleged facts therein contained are true to his own knowledge. If such person is a partnership, such oath shall be made by…
Conn. Gen. Stat. § 36b-11
(Formerly Sec. 36-479). Photograph to accompany each application for registration
Each application for registration under sections 36b-2 to 36b-34, inclusive, shall be accompanied by a photograph as defined by the commissioner, unless the commissioner waives the requirement of such photograph. If the applicant for registration as a broker-dealer or investment adviser is a sole proprietorship, the ph…
Conn. Gen. Stat. § 36b-12
(Formerly Sec. 36-480). Application and registration fees
(a) Each person applying for registration as a broker-dealer or investment adviser shall pay to the commissioner or to any person designated by the commissioner in writing to collect such fee on behalf of the commissioner, a nonrefundable fee of three hundred forty dollars. (b) Each person applying for registration as…
Conn. Gen. Stat. § 36b-13
(Formerly Sec. 36-481). Registration renewal. Requirements
(a) Each person registered as a broker-dealer or investment adviser may renew such registration for a one-year period not later than December thirty-first of each calendar year by making application in such manner as prescribed by the commissioner. The fee for renewal of registration for each registered broker-dealer o…
Conn. Gen. Stat. § 36b-14
(Formerly Sec. 36-482). Records and financial reports required. Definitions. Disclosure of financial exploitation or suspected exploitation. Trusted contact person. Hold on disbursement or transaction. Immunity
(a)(1) Every registered investment adviser shall make, keep and preserve such accounts, correspondence, memoranda, papers, books and other records as the commissioner by regulation adopted, in accordance with chapter 54, or order prescribes. All such records shall be preserved for such period as the commissioner by reg…
Conn. Gen. Stat. § 36b-15
(Formerly Sec. 36-484). Denial, suspension or revocation of registration by commissioner. Withdrawal from registration or of application
(a) The commissioner may, by order, deny, suspend or revoke any registration, censure or impose a bar upon any registrant, any partner, officer or director of any registrant or any other person directly or indirectly controlling any registrant or, by order, restrict or impose conditions on the securities or investment…
Conn. Gen. Stat. § 36b-16
(Formerly Sec. 36-485). Registration of security prior to offer or sale required. Exceptions
No person shall offer or sell any security in this state unless (1) it is registered under sections 36b-2 to 36b-34, inclusive, (2) the security or transaction is exempted under section 36b-21, or (3) the security is a covered security provided such person complies with any applicable requirements in subsections (c), (…
Conn. Gen. Stat. § 36b-17
(Formerly Sec. 36-486). Registration of security by coordination. Registration statement. Contents. Effective date
(a) Any security for which a registration statement has been filed under the Securities Act of 1933 in connection with the same offering may be registered by coordination. (b) A registration statement under this section shall contain the following information and be accompanied by the following documents in addition to…
Conn. Gen. Stat. § 36b-18
(Formerly Sec. 36-487). Registration of security by qualification. Statement contents. Effective date
(a) Any security may be registered by qualification. (b) A registration statement under this section shall contain the following information and be accompanied by the following documents in addition to the information specified in subsection (c) of section 36b-19 and the consent to service of process required by subsec…
Conn. Gen. Stat. § 36b-19
(Formerly Sec. 36-488). Registration statement filed by issuer, person on whose behalf offering is to be made or registered broker-dealer. Fee. Contents. Effective date. Regulation by commissioner
(a) A registration statement may be filed with the commissioner, or with any other depository that the commissioner may designate by regulation or order, by the issuer, any other person on whose behalf the offering is to be made or a registered broker-dealer. (b) Every person filing a registration statement for registr…
Conn. Gen. Stat. § 36b-20
(Formerly Sec. 36-489). Stop order. When issued by commissioner. Registration statement deemed abandoned, when
(a) The commissioner may issue a stop order denying effectiveness to, or suspending or revoking the effectiveness of, any registration statement if he finds (1) that the order is in the public interest and (2) that: (A) The registration statement as of its effective date or as of any earlier date in the case of an orde…
Conn. Gen. Stat. § 36b-21
(Formerly Sec. 36-490). Exemption of certain securities and transactions. Denial or revocation of exemption
(a) The following securities are exempted from sections 36b-16 and 36b-22: (1) Any security including a revenue obligation issued or guaranteed by the United States, any state, any political subdivision of a state, or any agency or corporate or other instrumentality of one or more of the foregoing; or any certificate o…
Conn. Gen. Stat. § 36b-22
(Formerly Sec. 36-491). Filing of material intended for distribution to prospective investors
The commissioner may, by regulation adopted, in accordance with chapter 54, or order, require the filing of any prospectus, pamphlet, circular, form letter, advertisement or other sales literature or advertising communication addressed or intended for distribution to prospective investors, including clients or prospect…
Conn. Gen. Stat. § 36b-22a
Investment advisers and investment adviser agents to provide schedule of charges, fees and penalties to clients
Each investment adviser required to register under section 36b-6 or investment adviser agent, as defined in section 36b-3, except an investment adviser representative, as defined in Securities and Exchange Commission Rule 203A-3, 17 CFR 275.203A-3, shall provide to each customer or client, upon request, a schedule of a…
Conn. Gen. Stat. § 36b-23
(Formerly Sec. 36-492). False or misleading statements or omissions 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-2 to 36b-34, inclusive, any statement that is, at the time and in the light of the circumstances under which it is made, false or misleading in any materia…
Conn. Gen. Stat. § 36b-24
(Formerly Sec. 36-493). Findings by commissioner
(a) Neither (1) the fact that an application for registration under sections 36b-6 to 36b-15, inclusive, or a registration statement under sections 36b-16 to 36b-20, inclusive, has been filed, nor (2) the fact that a person or security is effectively registered constitutes a finding by the commissioner that any documen…
Conn. Gen. Stat. § 36b-25
(Formerly Sec. 36-494). Administration of chapter. Use and disclosure of information obtained under chapter
(a) Sections 36b-2 to 36b-34, inclusive, shall be administered by the commissioner. (b) Neither the commissioner nor any of his officers or employees shall use for personal benefit any information which is filed with or obtained by the commissioner and which is not made public. No provision of sections 36b-2 to 36b-34,…
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