reglab/housing_qa huggingface dataset:
IA Code § 502.407 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 502 - UNIFORM SECURITIES ACT (Blue Sky Law)|Section 502.407 - Succession and change in registration of broker-dealer or investment adviser.

502.407 Succession and change in registration of broker-dealer or investment adviser.   1. Succession. 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 502.401 or 502.403 or a notice pursuant to section 502.405 for the unexpired portion of the current registration or notice filing.   2. Organizational change. 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 chapter. 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 chapter 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.   3. Name change. 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.   4. Change of control. 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 chapter.  [SS15, §1920-u21; C24, 27, §8579; C31, 35, §8581-c23; C39, §8581.28; C46, 50, 54, 58, 62, 66, 71, 73, 75, §502.28; C77, 79, 81, §502.407]  87 Acts, ch 53, §11; 2004 Acts, ch 1161, §32, 68
IA Code § 502.409 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 502 - UNIFORM SECURITIES ACT (Blue Sky Law)|Section 502.409 - Withdrawal of registration of broker-dealer, agent, investment adviser, and investment adviser representative — cessation of business — abandoned filings.

502.409 Withdrawal of registration of broker-dealer, agent, investment adviser, and investment adviser representative — cessation of business — abandoned filings.   1. Withdrawal of registration. 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 chapter 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 chapter. The administrator may institute a disciplinary action under section 502.412, including an action to revoke, suspend, condition, or limit the registration of a registrant, censure, impose a bar, or impose a civil penalty, within two years after the withdrawal became effective automatically and issue a disciplinary order as of the last date on which registration was effective if a proceeding is not pending.   2. Ceasing to do business and abandoned filings. If the administrator finds that any registrant or applicant for registration is no longer in existence or has ceased to do business as a broker-dealer, agent, investment adviser, or investment adviser representative, or is subject to an adjudication of mental incompetence or to the control of a committee, conservator, or guardian, or cannot be located after search, the administrator may by order revoke the registration or application. If the administrator finds that the applicant for registration or registrant has abandoned the application or registration, the administrator may enter an order of abandonment, and limit or eliminate further consideration of the application or registration, as provided by the administrator. The administrator may enter an order under this subsection if notice is sent to the applicant or registrant, and either the administrator does not receive a response by the applicant or registrant within forty-five days from the date that the notice was delivered, or action is not taken by the applicant or registrant within the time specified by the administrator in the notice, whichever is later.  2004 Acts, ch 1161, §34, 68; 2009 Acts, ch 145, §2; 2014 Acts, ch 1007, §2
IA Code § 502.410 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 502 - UNIFORM SECURITIES ACT (Blue Sky Law)|Section 502.410 - Filing fees.

502.410 Filing fees.   1. Broker-dealers. 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 two hundred dollars when filing a renewal of registration as a broker-dealer. If the filing results in a denial or withdrawal, the administrator shall retain the fee.   2. Agents. The fee for an individual is forty dollars when filing an application for registration as an agent, a fee of forty dollars when filing a renewal of registration as an agent, and a fee of forty dollars when filing for a change of registration as an agent. Of each forty-dollar fee collected, ten dollars is appropriated to the securities investor education and financial literacy training fund established under section 502.601, subsection 5. If the filing results in a denial or withdrawal, the administrator shall retain the fee.   3. Investment advisers. A person shall pay a fee of one 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 administrator shall retain the fee.   4. Investment adviser representatives.   a. The fee for an individual is thirty dollars when filing an application for registration as an investment adviser representative, a fee of thirty dollars when filing a renewal of registration as an investment adviser representative, and a fee of thirty dollars when filing a change of registration as an investment adviser representative. If the filing results in a denial or withdrawal, the administrator shall retain the fee.   b. However, an investment adviser representative is not required to pay a filing fee if the investment adviser is a sole proprietorship or the substantial equivalent and the investment adviser representative is the same individual as the investment adviser.   5. Federal covered investment advisers. A federal covered investment adviser required to file a notice under section 502.405 shall pay an initial fee of one hundred dollars and an annual notice fee of one hundred dollars.   6. Payment. 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 chapter.   7. Deposit of fees. Except as otherwise provided in subsection 2, fees collected under this section shall be deposited as provided in section 505.7.  2004 Acts, ch 1161, §35, 68; 2008 Acts, ch 1123, §4; 2009 Acts, ch 181, §61  Referred to in §502.405, 502.406, 502.408, 502.601
IA Code § 502.501 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 502 - UNIFORM SECURITIES ACT (Blue Sky Law)|Section 502.501 - General fraud.

502.501 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 statements made, in light of the circumstances under which they were 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.  [C77, 79, 81, §502.501]  87 Acts, ch 53, §12; 97 Acts, ch 114, §14; 98 Acts, ch 1106, §16, 24; 2004 Acts, ch 1161, §38, 68  Referred to in §502.508, 502.610
IA Code § 502.501A (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 502 - UNIFORM SECURITIES ACT (Blue Sky Law)|Section 502.501A - Prohibited transactions of broker-dealers and agents.

502.501A Prohibited transactions of broker-dealers and agents.   A broker-dealer or agent shall not effect a transaction in, or induce or attempt to induce the purchase or sale of, any security in this state by means of any manipulative, deceptive, or other fraudulent scheme, device, or contrivance, fictitious quotation, or in violation of this chapter. A broker-dealer or agent shall not recommend to a customer the purchase, sale, or exchange of a security without reasonable grounds to believe that the transaction or recommendation is suitable for the customer based upon reasonable inquiry concerning the customer’s investment objectives, financial situation and needs, and other relevant information known by the broker-dealer.  2004 Acts, ch 1161, §39, 68
IA Code § 502.502 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 502 - UNIFORM SECURITIES ACT (Blue Sky Law)|Section 502.502 - Prohibited conduct in providing investment advice.

502.502 Prohibited conduct in providing investment advice.   1. Fraud in providing investment advice. 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 to do any of the following:   a. Employ a device, scheme, or artifice to defraud another person.   b. Engage in an act, practice, or course of business that operates or would operate as a fraud or deceit upon another person.   2. Rules defining fraud. A rule adopted under this chapter 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.   3. Rules specifying contents of advisory contract. A rule adopted under this chapter may specify the contents of an investment advisory contract entered into, extended, or renewed by an investment adviser.  [C31, 35, §8581-c18; C39, §8581.23; C46, 50, 54, 58, 62, 66, 71, 73, 75, §502.23; C77, 79, 81, §502.502]  96 Acts, ch 1025, §13; 2004 Acts, ch 1161, §40, 68  Referred to in §502.508, 502.610
IA Code § 502.502A (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 502 - UNIFORM SECURITIES ACT (Blue Sky Law)|Section 502.502A - Advisory misconduct.

502.502A Advisory misconduct. Repealed by  2004 Acts, ch 1161, §63, 68  . See §502.509.
IA Code § 502.503 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 502 - UNIFORM SECURITIES ACT (Blue Sky Law)|Section 502.503 - Evidentiary burden.

502.503 Evidentiary burden.   1. Civil. In a civil action or administrative proceeding under this chapter, a person claiming an exemption, exception, preemption, or exclusion has the burden to prove the applicability of the claim.   2. Criminal. In a criminal proceeding under this chapter, a person claiming an exemption, exception, preemption, or exclusion has the burden of going forward with evidence of the claim.  [C77, 79, 81, §502.503]  98 Acts, ch 1106, §18, 19, 24; 99 Acts, ch 166, §6; 2004 Acts, ch 1161, §41, 68
IA Code § 502.504 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 502 - UNIFORM SECURITIES ACT (Blue Sky Law)|Section 502.504 - Filing of sales and advertising literature.

502.504 Filing of sales and advertising literature.   1. Filing requirement. Except as otherwise provided in subsection 2, a rule adopted or order issued under this chapter 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 chapter.   2. Excluded communications. This section does not apply to sales and advertising literature specified in subsection 1 which relates to a federal covered security, a federal covered investment adviser, or a security or transaction exempted by section 502.201, 502.202, or 502.203 except as required pursuant to section 502.201, subsection 7.   2A. Authority to prohibit false advertising. The administrator may by rule or order prohibit the publication, circulation, or use of any advertising deemed false or misleading.  [C77, 79, 81, §502.504]  99 Acts, ch 166, §7; 2004 Acts, ch 1161, §42, 68  Referred to in §502.201, 502.202, 502.203, 502.204, 536A.22
IA Code § 502.505 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 502 - UNIFORM SECURITIES ACT (Blue Sky Law)|Section 502.505 - Misleading filings.

502.505 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 chapter, 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.  [C77, 79, 81, §502.505]  2004 Acts, ch 1161, §43, 68  Referred to in §502.610
IA Code § 502.506 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 502 - UNIFORM SECURITIES ACT (Blue Sky Law)|Section 502.506 - Misrepresentations concerning registration or exemption — official endorsements prohibited.

502.506 Misrepresentations concerning registration or exemption — official endorsements prohibited.   1. Certain representations not allowed. The filing of an application for registration, a registration statement, a notice filing under this chapter, the registration of a person, the notice filing by a person, or the registration of a security under this chapter does not constitute a finding by the administrator that a record filed under this chapter 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 administrator 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.   1A. Official endorsement prohibited. A state official or employee of the state shall not use such person’s name in an official capacity in connection with the endorsement or recommendation of the organization or the promotion of any issuer or in the sale to the public of its securities, and no one shall use the stationery of the state or of any official thereof in connection with any such transaction.  [C77, 79, 81, §502.506]  2004 Acts, ch 1161, §44, 68  Referred to in §502.509, 502.610
IA Code § 502.506A (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 502 - UNIFORM SECURITIES ACT (Blue Sky Law)|Section 502.506A - Misstatements in publicity prohibited.

502.506A Misstatements in publicity prohibited.   It is unlawful for any person to make or cause to be made, in any public report or press release, or in other information which is either made generally available to the public or used in opposition to a tender offer, any statement of a material fact relating to a target company or made in connection with a takeover offer which is, at the time and in the light of the circumstances under which it is made, false or misleading, if it is reasonably foreseeable that such statement will induce other persons to buy, sell, or hold securities of the target company.  2004 Acts, ch 1161, §45, 68
IA Code § 502.507 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 502 - UNIFORM SECURITIES ACT (Blue Sky Law)|Section 502.507 - Qualified immunity.

502.507 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 defamation relating to a statement that is contained in a record required by the administrator, or designee of the administrator, the securities and exchange commission, or a self-regulatory organization, unless the person knew, or should have known at the time that the statement was made, that it was false in a material respect or the person acted in reckless disregard of the statement’s truth or falsity.  [C77, 79, 81, §502.507]  2004 Acts, ch 1161, §46, 68
IA Code § 502.508 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 502 - UNIFORM SECURITIES ACT (Blue Sky Law)|Section 502.508 - Criminal penalties.

502.508 Criminal penalties.   1. Criminal penalties.   a. Except as provided in paragraph “b”, a person who willfully violates any provision of this chapter, or any rule adopted or order issued under this chapter, is guilty of a class “D” felony.   b. A person who willfully violates section 502.501 or section 502.502, subsection 1, resulting in a loss of more than ten thousand dollars is guilty of a class “C” felony.   2. Criminal reference not required. The attorney general or the proper county attorney, with or without a reference from the administrator, may institute criminal proceedings under this chapter.   3. No limitation on other criminal enforcement. This chapter does not limit the power of this state to punish a person for conduct that constitutes a crime under other laws of this state.  2004 Acts, ch 1161, §47, 68; 2005 Acts, ch 19, §76
IA Code § 502.603 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 502 - UNIFORM SECURITIES ACT (Blue Sky Law)|Section 502.603 - Civil enforcement.

502.603 Civil enforcement.   1. Civil action instituted by administrator. If the administrator 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 chapter or a rule adopted or order issued under this chapter or that a person has, is, or is about to engage in an act, practice, or course of business that materially aids a violation of this chapter or a rule adopted or order issued under this chapter, the administrator may maintain an action in the county in which the person against whom the action is being brought resides, has a principal place of business, or is doing business, or in the county where the transaction or any substantial portion of the transaction which is the subject of the action occurred, or in the county in which one or more of the victims of the transaction which is the subject of the action resides, to enjoin the act, practice, or course of business and to enforce compliance with this chapter or a rule adopted or order issued under this chapter.   2. Relief available. In an action under this section and on a proper showing, the court may do any of the following:   a. Issue a permanent or temporary injunction, restraining order, or declaratory judgment.   b. Order other appropriate or ancillary relief, which may include any of the following:   (1) Ordering an asset freeze, accounting, writ of attachment, writ of general or specific execution, and appointment of a receiver or conservator, that may be the administrator, for the defendant or the defendant’s assets.   (2) Ordering the administrator to take charge and control of a defendant’s property, including investment accounts and accounts in a depository institution, rents, and profits; to collect debts; and to acquire and dispose of property.   (3) Imposing a civil penalty not to exceed a maximum of five thousand dollars for a single violation or five hundred thousand dollars for more than one violation; an order of rescission, restitution, or disgorgement directed to a person that has engaged in an act, practice, or course of business constituting a violation of this chapter or the predecessor chapter or a rule adopted or order issued under this chapter or the predecessor chapter.   (4) Ordering the payment of prejudgment and postjudgment interest.   c. Order such other relief as the court considers appropriate.   3. No bond required. The administrator shall not be required to post a bond in an action or proceeding under this chapter.  [C31, 35, §8581-c17; C39, §8581.21; C46, 50, 54, 58, 62, 66, 71, 73, 75, §502.21(1 – 4); C77, 79, 81, §502.603]  83 Acts, ch 169, §16; 91 Acts, ch 40, §31; 94 Acts, ch 1031, §16; 2001 Acts, ch 118, §9; 2004 Acts, ch 1161, §52, 68; 2007 Acts, ch 137, §4; 2017 Acts, ch 54, §76  Referred to in §502.604A
IA Code § 502.603A (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 502 - UNIFORM SECURITIES ACT (Blue Sky Law)|Section 502.603A - Cooperation with other agencies.

502.603A Cooperation with other agencies. Repealed by  2004 Acts, ch 1161, §63, 68  . See §502.608.
IA Code § 502.604A (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 502 - UNIFORM SECURITIES ACT (Blue Sky Law)|Section 502.604A - Law enforcement authority.

502.604A Law enforcement authority.   The administrator or the administrator’s designee, when carrying out the provisions of section 502.603 or 502.604, may develop, share, and receive information related to any law enforcement purpose, including any criminal investigation. An insurance fraud bureau investigator shall be authorized to conduct an investigation under article 5 of this chapter and shall have law enforcement authority pursuant to section 507E.8.  91 Acts, ch 40, §34; 94 Acts, ch 1031, §17; 2004 Acts, ch 1161, §54, 68; 2020 Acts, ch 1016, §1  Section amended
IA Code § 502.604B (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 502 - UNIFORM SECURITIES ACT (Blue Sky Law)|Section 502.604B - Limited law enforcement authority.

502.604B Limited law enforcement authority. Repealed by  2004 Acts, ch 1161, §63, 68  . See §502.604A.