reglab/housing_qa huggingface dataset:
MO Rev Stat § 409.1-104 (2021)
2021 Missouri Revised Statutes|Title XXVI - Trade and Commerce|Chapter 409 - Regulation of Securities|Section 409.1-104 - References to federal agencies.

Effective - 01 Sep 2003   409.1-104. References to federal agencies. — A reference in this act to an agency or department of the United States is also a reference to a successor agency or department. ­­-------- (L. 2003 H.B. 380)  Effective 9-01-03
MO Rev Stat § 409.1-105 (2021)
2021 Missouri Revised Statutes|Title XXVI - Trade and Commerce|Chapter 409 - Regulation of Securities|Section 409.1-105 - Electronic records and signatures.

Effective - 01 Sep 2003   409.1-105. Electronic records and signatures. — This act modifies, limits, and supersedes the federal Electronic Signatures in Global and National Commerce Act, but does not modify, limit, or supersede Section 101(c) of that act (15 U.S.C. Section 7001(c)) or authorize electronic delivery of any of the notices described in Section 103(b) of that act (15 U.S.C. Section 7003(b)). This act authorizes the filing of records and signatures, when specified by provisions of this act or by a rule adopted or order issued under this act, in a manner consistent with Section 104(a) of that act (15 U.S.C. Section 7004(a)). ­­-------- (L. 2003 H.B. 380)  Effective 9-01-03
MO Rev Stat § 409.2-203 (2021)
2021 Missouri Revised Statutes|Title XXVI - Trade and Commerce|Chapter 409 - Regulation of Securities|Section 409.2-203 - Additional exemptions and waivers.

Effective - 01 Sep 2003   409.2-203. Additional exemptions and waivers. — A rule adopted or order issued under this act may exempt a security, transaction, or offer; a rule under this act may exempt a class of securities, transactions, or offers from any or all of the requirements of sections 409.3-301 to 409.3-306 and 409.5-504; and an order under this act may waive, in whole or in part, any or all of the conditions for an exemption or offer under sections 409.2-201 and 409.2-202. ­­-------- (L. 2003 H.B. 380)  Effective 9-01-03
MO Rev Stat § 409.2-204 (2021)
2021 Missouri Revised Statutes|Title XXVI - Trade and Commerce|Chapter 409 - Regulation of Securities|Section 409.2-204 - Denial, suspension, revocation, condition, or limitation of exemptions.

Effective - 01 Sep 2003   409.2-204. Denial, suspension, revocation, condition, or limitation of exemptions. — (a) Except with respect to a federal covered security or a transaction involving a federal covered security, an order under this act may deny, suspend application of, condition, limit, or revoke an exemption created under section 409.2-201(3)(C), (7) or (8) or 409.2-202 or an exemption or waiver created under section 409.2-203 with respect to a specific security, transaction, or offer. An order under this section may be issued only pursuant to the procedures in section 409.3-306(d) or 409.6-604 and only prospectively.  (b) A person does not violate section 409.3-301, 409.3-303 to 409.3-306, 409.5-504, or 409.5-510 by an offer to sell, offer to purchase, sale, or purchase effected after the entry of an order issued under this section if the person did not know, and in the exercise of reasonable care could not have known, of the order. ­­-------- (L. 2003 H.B. 380)  Effective 9-01-03
MO Rev Stat § 409.3-301 (2021)
2021 Missouri Revised Statutes|Title XXVI - Trade and Commerce|Chapter 409 - Regulation of Securities|Section 409.3-301 - Securities registration requirement.

Effective - 01 Sep 2003   409.3-301. Securities registration requirement. — It is unlawful for a person to offer or sell a security in this state unless:  (1) The security is a federal covered security;  (2) The security, transaction, or offer is exempted from registration under sections 409.2-201 to 409.2-203; or  (3) The security is registered under this act. ­­-------- (L. 2003 H.B. 380)  Effective 9-01-03
MO Rev Stat § 409.3-307 (2021)
2021 Missouri Revised Statutes|Title XXVI - Trade and Commerce|Chapter 409 - Regulation of Securities|Section 409.3-307 - Waiver and modification.

Effective - 01 Sep 2003   409.3-307. Waiver and modification. — The commissioner may waive or modify, in whole or in part, any or all of the requirements of sections 409.3-302, 409.3-303, and 409.3-304(b) or the requirement of any information or record in a registration statement or in a periodic report filed pursuant to section 409.3-305(i). ­­-------- (L. 2003 H.B. 380)  Effective 9-01-03
MO Rev Stat § 409.4-403 (2021)
2021 Missouri Revised Statutes|Title XXVI - Trade and Commerce|Chapter 409 - Regulation of Securities|Section 409.4-403 - Investment adviser registration requirement and exemptions.

Effective - 01 Sep 2003   409.4-403. Investment adviser registration requirement and exemptions. — (a) It is unlawful for a person to transact business in this state as an investment adviser unless the person is registered under this act as an investment adviser or is exempt from registration as an investment adviser under subsection (b).  (b) The following persons are exempt from the registration requirement of subsection (a):  (1) A person without a place of business in this state that is registered under the securities act of the state in which the person has its principal place of business if its only clients in this state are:  (A) Federal covered investment advisers, investment advisers registered under this act, or broker-dealers registered under this act;  (B) Institutional investors;  (C) Bona fide preexisting clients whose principal places of residence are not in this state if the investment adviser is registered under the securities act of the state in which the clients maintain principal places of residence; or  (D) Any other client exempted by rule adopted or order issued under this act;  (2) A person without a place of business in this state if the person has had, during the preceding twelve months, not more than five clients that are resident in this state in addition to those specified under paragraph (1); or  (3) Any other person exempted by rule adopted or order issued under this act.  (c) It is unlawful for an investment adviser, directly or indirectly, to employ or associate with an individual to engage in an activity related to investment advice in this state if the registration of the individual is suspended or revoked or the individual is barred from employment or association with an investment adviser, federal covered investment adviser, or broker-dealer by an order under this act, the Securities and Exchange Commission, or a self-regulatory organization, unless the investment adviser did not know, and in the exercise of reasonable care could not have known, of the suspension, revocation, or bar. Upon request from the investment adviser and for good cause, the commissioner, by order, may waive, in whole or in part, the application of the prohibitions of this subsection to the investment adviser.  (d) It is unlawful for an investment adviser to employ or associate with an individual required to be registered under this act as an investment adviser representative who transacts business in this state on behalf of the investment adviser unless the individual is registered under section 409.4-404(a) or is exempt from registration under section 409.4-404(b). ­­-------- (L. 2003 H.B. 380)  Effective 9-01-03
MO Rev Stat § 409.4-405 (2021)
2021 Missouri Revised Statutes|Title XXVI - Trade and Commerce|Chapter 409 - Regulation of Securities|Section 409.4-405 - Federal covered investment adviser notice filing requirement.

Effective - 01 Sep 2003   409.4-405. Federal covered investment adviser notice filing requirement. — (a) Except with respect to a federal covered investment adviser described in subsection (b), it is unlawful for a federal covered investment adviser to transact business in this state as a federal covered investment adviser unless the federal covered investment adviser complies with subsection (c).  (b) The following federal covered investment advisers are not required to comply with subsection (c):  (1) A federal covered investment adviser without a place of business in this state if its only clients in this state are:  (A) Federal covered investment advisers, investment advisers registered under this act, and broker-dealers registered under this act;  (B) Institutional investors;  (C) Bona fide preexisting clients whose principal places of residence are not in this state; or  (D) Other clients specified by rule adopted or order issued under this act;  (2) A federal covered investment adviser without a place of business in this state if the person has had, during the preceding twelve months, not more than five clients that are resident in this state in addition to those specified under paragraph (1); and  (3) Any other person excluded by rule adopted or order issued under this act.  (c) A person acting as a federal covered investment adviser, not excluded under subsection (b), shall file a notice, a consent to service of process complying with section 409.6-611, and such records as have been filed with the Securities and Exchange Commission under the Investment Advisers Act of 1940 required by rule adopted or order issued under this act and pay the fees specified in section 409.4-410(e).  (d) The notice under subsection (c) becomes effective upon its filing, and shall expire on December thirty-first each year, unless renewed. ­­-------- (L. 2003 H.B. 380)  Effective 9-01-03
MO Rev Stat § 409.4-406 (2021)
2021 Missouri Revised Statutes|Title XXVI - Trade and Commerce|Chapter 409 - Regulation of Securities|Section 409.4-406 - Registration by broker-dealer, agent, investment adviser, and investment adviser representative.

Effective - 01 Sep 2003   409.4-406. 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 with section 409.6-611, and paying the fee specified in section 409.4-410 and any reasonable fees charged by the designee of the commissioner for processing the filing. The application must contain:  (1) The information or record required for the filing of a uniform application; and  (2) Upon request by the commissioner, any other financial or other information or record that the commissioner determines is appropriate.  (b) If the information or record contained in an application filed under subsection (a) is or becomes inaccurate or incomplete in a material respect, the registrant shall promptly file a correcting amendment.  (c) If an order is not in effect and a proceeding is not pending under section 409.4-412, registration becomes effective at noon on the forty-fifth day after a completed application is filed, unless the registration is denied. A rule adopted or order issued under this act may set an earlier effective date or may defer the effective date until noon on the forty-fifth day after the filing of any amendment completing the application.  (d) A registration is effective until midnight on December thirty-first of the year for which the application for registration is filed. Unless an order is in effect under section 409.4-412, a registration may be automatically renewed each year by filing such records as are required by rule adopted or order issued under this act, by paying the fee specified in section 409.4-410, and by paying costs charged by the designee of the commissioner for processing the filings.  (e) A rule adopted or order issued under this act may impose such other conditions, not inconsistent with the National Securities Markets Improvement Act of 1996. An order issued under this act may waive, in whole or in part, specific requirements in connection with registration as are in the public interest and for the protection of investors. ­­-------- (L. 2003 H.B. 380)  Effective 9-01-03
MO Rev Stat § 409.4-407 (2021)
2021 Missouri Revised Statutes|Title XXVI - Trade and Commerce|Chapter 409 - Regulation of Securities|Section 409.4-407 - Succession and change in registration of broker-dealer or investment adviser.

Effective - 01 Sep 2003   409.4-407. 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 covered investment adviser may succeed to the current registration of an investment adviser or notice filing of another federal covered investment adviser, by filing as a successor an application for registration pursuant to section 409.4-401 or 409.4-403 or a notice pursuant to section 409.4-405 for the unexpired portion of the current registration or notice filing.  (b) A broker-dealer or investment adviser that changes its form of organization or state of incorporation or organization may continue its registration by filing an amendment to its registration if the change does not involve a material change in its financial condition or management. The amendment becomes effective when filed or on a date designated by the registrant in its filing. The new organization is a successor to the original registrant for the purposes of this act. If there is a material change in financial condition or management, the broker-dealer or investment adviser shall file a new application for registration. A predecessor registered under this act shall stop conducting its securities business other than winding down transactions and shall file for withdrawal of broker-dealer or investment adviser registration within forty-five days after filing its amendment to effect succession.  (c) A broker-dealer or investment adviser that changes its name may continue its registration by filing an amendment to its registration. The amendment becomes effective when filed or on a date designated by the registrant.  (d) A change of control of a broker-dealer or investment adviser may be made in accordance with a rule adopted or order issued under this act. ­­-------- (L. 2003 H.B. 380)  Effective 9-01-03
MO Rev Stat § 409.4-409 (2021)
2021 Missouri Revised Statutes|Title XXVI - Trade and Commerce|Chapter 409 - Regulation of Securities|Section 409.4-409 - Withdrawal of registration of broker-dealer, agent, investment adviser, and investment adviser representative.

Effective - 01 Sep 2003   409.4-409. 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 days after the filing of the application to withdraw or within any shorter period as provided by rule adopted or order issued under this act unless a revocation or suspension proceeding is pending when the application is filed. If a proceeding is pending, withdrawal becomes effective when and upon such conditions as required by rule adopted or order issued under this act. The commissioner may institute a revocation or suspension proceeding under section 409.4-412 within one year after the withdrawal became effective automatically and issue a revocation or suspension order as of the last date on which registration was effective if a proceeding is not pending. ­­-------- (L. 2003 H.B. 380)  Effective 9-01-03
MO Rev Stat § 409.4-410 (2021)
2021 Missouri Revised Statutes|Title XXVI - Trade and Commerce|Chapter 409 - Regulation of Securities|Section 409.4-410 - Filing fees.

Effective - 01 Sep 2003   409.4-410. Filing fees. — (a) A person shall pay a fee of two hundred dollars when initially filing an application for registration as a broker-dealer and a fee of one hundred dollars when filing a renewal of registration as a broker-dealer. If the filing results in a denial or withdrawal, the commissioner shall retain the entire fee.  (b) The fee for an individual is fifty dollars when filing an application for registration as an agent, a fee of fifty dollars when filing a renewal of registration as an agent, and a fee of fifty dollars when filing for a change of registration as an agent. If the filing results in a denial or withdrawal, the commissioner shall retain the entire fee.  (c) A person shall pay a fee of two hundred dollars when filing an application for registration as an investment adviser and a fee of one hundred dollars when filing a renewal of registration as an investment adviser. If the filing results in a denial or withdrawal, the commissioner shall retain the entire fee.  (d) The fee for an individual is fifty dollars when filing an application for registration as an investment adviser representative, a fee of fifty dollars when filing a renewal of registration as an investment adviser representative, and a fee of fifty dollars when filing a change of registration as an investment adviser representative. If the filing results in a denial or withdrawal, the commissioner shall retain the entire fee.  (e) A federal covered investment adviser required to file a notice under section 409.4-405 shall pay an initial fee of two hundred dollars and an annual notice fee of one hundred dollars.  (f) A person required to pay a filing or notice fee under this section may transmit the fee through or to a designee as a rule or order provides under this act.  (g) An investment adviser representative who is registered as an agent under section 409.4-402 and who represents a person that is both registered as a broker-dealer under section 409.4-401 and registered as an investment adviser under section 409.4-403 or required as a federal covered investment adviser to make a notice filing under section 409.4-405 is not required to pay an initial or annual registration fee for registration as an investment adviser representative. ­­-------- (L. 2003 H.B. 380)  Effective 9-01-03
MO Rev Stat § 409.5-501 (2021)
2021 Missouri Revised Statutes|Title XXVI - Trade and Commerce|Chapter 409 - Regulation of Securities|Section 409.5-501 - General fraud.

Effective - 01 Sep 2003   409.5-501. General fraud. — It is unlawful for a person, in connection with the offer, sale, or purchase of a security, directly or indirectly:  (1) To employ a device, scheme, or artifice to defraud;  (2) To make an untrue statement of a material fact or to omit to state a material fact necessary in order to make the statement made, in the light of the circumstances under which it is made, not misleading; or  (3) To engage in an act, practice, or course of business that operates or would operate as a fraud or deceit upon another person. ­­-------- (L. 2003 H.B. 380)  Effective 9-01-03
MO Rev Stat § 409.5-502 (2021)
2021 Missouri Revised Statutes|Title XXVI - Trade and Commerce|Chapter 409 - Regulation of Securities|Section 409.5-502 - Prohibited conduct in providing investment advice.

Effective - 01 Sep 2003   409.5-502. Prohibited conduct in providing investment advice. — (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 securities or that, for compensation and as part of a regular business, issues or promulgates analyses or reports relating to securities:  (1) To employ a device, scheme, or artifice to defraud another person; or  (2) To engage in an act, practice, or course of business that operates or would operate as a fraud or deceit upon another person.  (b) A rule adopted under this act may define an act, practice, or course of business of an investment adviser or an investment adviser representative, other than a supervised person of a federal covered investment adviser, as fraudulent, deceptive, or manipulative, and prescribe means reasonably designed to prevent investment advisers and investment adviser representatives, other than supervised persons of a federal covered investment adviser, from engaging in acts, practices, and courses of business defined as fraudulent, deceptive, or manipulative.  (c) A rule adopted under this act may specify the contents of an investment advisory contract entered into, extended, or renewed by an investment adviser. ­­-------- (L. 2003 H.B. 380)  Effective 9-01-03
MO Rev Stat § 409.5-503 (2021)
2021 Missouri Revised Statutes|Title XXVI - Trade and Commerce|Chapter 409 - Regulation of Securities|Section 409.5-503 - Evidentiary burden.

Effective - 01 Sep 2003   409.5-503. 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 exception or exclusion from definition has the burden of injecting the issue pursuant to section 556.051*, and a person claiming an exemption or qualification as a federal covered security has the burden of proving the claim as an affirmative defense pursuant to section 556.056*. ­­-------- (L. 2003 H.B. 380)  Effective 9-01-03  *Sections 556.051 and 556.056 were repealed by S.B. 491, 2014, effective 1-01-17.
MO Rev Stat § 409.5-504 (2021)
2021 Missouri Revised Statutes|Title XXVI - Trade and Commerce|Chapter 409 - Regulation of Securities|Section 409.5-504 - Filing of sales and advertising literature.

Effective - 01 Sep 2003   409.5-504. Filing of sales and advertising literature. — (a) Except as otherwise provided in subsection (b), 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 advertising record relating to a security or investment advice, addressed or intended for distribution to prospective investors, including clients or prospective clients of a person registered or required to be registered as an investment adviser under this act.  (b) This section does not apply to sales and advertising literature specified in subsection (a) which relates to a federal covered security, a federal covered investment adviser, or a security or transaction exempted by section 409.2-201, 409.2-202, or 409.2-203 except as required pursuant to section 409.2-201(7). ­­-------- (L. 2003 H.B. 380)  Effective 9-01-03
MO Rev Stat § 409.5-505 (2021)
2021 Missouri Revised Statutes|Title XXVI - Trade and Commerce|Chapter 409 - Regulation of Securities|Section 409.5-505 - Misleading filings.

Effective - 01 Sep 2003   409.5-505. 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 material respect, or, in connection with the statement, to omit to state a material fact necessary to make the statement made, in the light of the circumstances under which it was made, not false or misleading. ­­-------- (L. 2003 H.B. 380)  Effective 9-01-03
MO Rev Stat § 409.5-506 (2021)
2021 Missouri Revised Statutes|Title XXVI - Trade and Commerce|Chapter 409 - Regulation of Securities|Section 409.5-506 - Misrepresentations concerning registration or exemption.

Effective - 01 Sep 2003   409.5-506. Misrepresentations concerning registration or exemption. — 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 not constitute a finding by the commissioner that a record filed under this act is true, complete, and not misleading. The filing or registration or the availability of an exemption, exception, preemption, or exclusion for a security or a transaction does not mean that the commissioner has passed upon the merits or qualifications of, or recommended or given approval to, a person, security, or transaction. It is unlawful to make, or cause to be made, to a purchaser, customer, client, or prospective customer or client a representation inconsistent with this section. ­­-------- (L. 2003 H.B. 380)  Effective 9-01-03