reglab/housing_qa huggingface dataset:
WA Rev Code § 21.20.037 (2021)
2021 Revised Code of Washington|Title 21 - Securities and Investments|Chapter 21.20 - Securities Act of Washington.|21.20.037 - Variable contracts—Registration required—Rules.

RCW 21.20.037 Variable contracts—Registration required—Rules.As required by chapter 48.18A RCW, a person selling variable contracts shall be registered as a broker-dealer or securities salesperson as required by this chapter. This chapter, and any rules or orders adopted under this chapter, applies to any person engaged in the offer, sale, or purchase of a variable contract. "Variable contract" means the same as set forth under chapter 48.18A RCW.[ 2002 c 65 § 8.]
WA Rev Code § 21.20.050 (2021)
2021 Revised Code of Washington|Title 21 - Securities and Investments|Chapter 21.20 - Securities Act of Washington.|21.20.050 - Application for registration—Filing of documents—Consent to service of process—Fee.

RCW 21.20.050 Application for registration—Filing of documents—Consent to service of process—Fee.(1) A broker-dealer, salesperson, investment adviser, or investment adviser representative may apply for registration by filing with the director or his or her authorized agent an application together with a consent to service of process in such form as the director shall prescribe and payment of the fee prescribed in RCW 21.20.340.(2) A federal covered adviser shall file such documents as the director may, by rule or otherwise, require together with a consent to service of process and the payment of the fee prescribed in RCW 21.20.340.[ 2011 c 336 § 595; 1998 c 15 § 4; 1994 c 256 § 6; 1981 c 272 § 1; 1979 ex.s. c 68 § 3; 1975 1st ex.s. c 84 § 3; 1961 c 37 § 2; 1959 c 282 § 5.]NOTES:Findings—Construction—1994 c 256: See RCW 43.320.007.
WA Rev Code § 21.20.060 (2021)
2021 Revised Code of Washington|Title 21 - Securities and Investments|Chapter 21.20 - Securities Act of Washington.|21.20.060 - Contents of application for registration—Capital requirements.

RCW 21.20.060 Contents of application for registration—Capital requirements.The application shall contain whatever information the director requires concerning such matters as:(1) The applicant's form and place of organization;(2) The applicant's proposed method of doing business;(3) The qualifications and business history of the applicant and in the case of a broker-dealer or investment adviser; any partner, officer, or director, or any person occupying a similar status or performing similar functions; or any person directly or indirectly controlling the broker-dealer or investment adviser;(4) Any injunction or administrative order or conviction of a misdemeanor involving a security or any aspect of the securities business and any conviction of a felony;(5) The applicant's financial condition and history;(6) The address of the principal place of business of the applicant and the addresses of all branch offices of the applicant in this state; and(7) Any information to be furnished or disseminated to any client or prospective client, if the applicant is an investment adviser.The director may by rule or otherwise require a minimum capital for registered broker-dealers, not to exceed the limitations provided in section 15 of the Securities Exchange Act of 1934, and establish minimum financial requirements for investment advisers, not to exceed the limitations provided in section 222 of the Investment Advisers Act of 1940, which may include different requirements for investment advisers who maintain custody of clients' funds or securities or who have discretionary authority over those funds or securities, and may allow registrants to maintain a surety bond of appropriate amount as an alternative method of compliance with minimum capital or financial requirements.[ 1998 c 15 § 5; 1995 c 46 § 1; 1994 c 256 § 7; 1965 c 17 § 1; 1959 c 282 § 6.]NOTES:Findings—Construction—1994 c 256: See RCW 43.320.007.
WA Rev Code § 21.20.070 (2021)
2021 Revised Code of Washington|Title 21 - Securities and Investments|Chapter 21.20 - Securities Act of Washington.|21.20.070 - When registration effective—Requirements determined by rule.

RCW 21.20.070 When registration effective—Requirements determined by rule.If the application meets the requirements for registration, as the director may by rule or otherwise determine, and no denial order is in effect and no proceeding is pending under RCW 21.20.110, the director shall make the registration effective.[ 1998 c 15 § 6; 1981 c 272 § 2; 1979 ex.s. c 68 § 4; 1975 1st ex.s. c 84 § 4; 1974 ex.s. c 77 § 2; 1959 c 282 § 7.]NOTES:Effective date—1974 ex.s. c 77: See note following RCW 21.20.040.
WA Rev Code § 21.20.080 (2021)
2021 Revised Code of Washington|Title 21 - Securities and Investments|Chapter 21.20 - Securities Act of Washington.|21.20.080 - Duration of registration—Association with issuer, broker-dealer, federal covered adviser, or investment adviser—Notice to director—Extension of licensing period.

RCW 21.20.080 Duration of registration—Association with issuer, broker-dealer, federal covered adviser, or investment adviser—Notice to director—Extension of licensing period.Registration of a broker-dealer, salesperson, investment adviser representative, or investment adviser shall be effective for a one-year period unless the director by rule or order provides otherwise. The director by rule or order may schedule registration or renewal so that all registrations and renewals expire December 31st. The director may adjust the fee for registration or renewal proportionately. The registration of a salesperson or investment adviser representative is not effective during any period when the salesperson is not employed by or associated with an issuer or a registered broker-dealer or when the investment adviser representative is not employed by or associated with an investment adviser registered under this chapter or a federal covered adviser who has made a notice filing pursuant to RCW 21.20.050. To be employed by or associated with an issuer, broker-dealer, federal covered adviser, or investment adviser within the meaning of this section notice, either in writing or in some other format as the director may by rule or otherwise specify, must be given to the director. When a salesperson begins or terminates employment or association with an issuer or registered broker-dealer, the salesperson and the issuer or broker-dealer shall promptly notify the director. When an investment adviser representative registered under this chapter begins or terminates employment or association with an investment adviser registered under this chapter or a federal covered adviser required to make a notice filing pursuant to RCW 21.20.050, the investment adviser representative and investment adviser or federal covered adviser shall promptly notify the director.Notwithstanding any provision of law to the contrary, the director may, from time to time, extend the duration of a licensing period for the purpose of staggering renewal periods. Such extension of a licensing period shall be by rule adopted in accordance with the provisions of chapter 34.05 RCW. Such rules may provide a method for imposing and collecting such additional proportional fee as may be required for the extended period.[ 1998 c 15 § 7; 1994 c 256 § 8; 1981 c 272 § 3; 1979 ex.s. c 68 § 5; 1975 1st ex.s. c 84 § 5; 1959 c 282 § 8.]NOTES:Findings—Construction—1994 c 256: See RCW 43.320.007.
WA Rev Code § 21.20.090 (2021)
2021 Revised Code of Washington|Title 21 - Securities and Investments|Chapter 21.20 - Securities Act of Washington.|21.20.090 - Renewal of registration—Financial reports—Application for a successor.

RCW 21.20.090 Renewal of registration—Financial reports—Application for a successor.Registration of a broker-dealer, salesperson, investment adviser representative, or investment adviser may be renewed by filing with the director or his or her authorized agent prior to the expiration thereof an application containing such information as the director may require to indicate any material change in the information contained in the original application or any renewal application for registration as a broker-dealer, salesperson, investment adviser representative, or investment adviser filed with the director or his or her authorized agent by the applicant, payment of the prescribed fee, and, in the case of a broker-dealer or investment adviser such financial reports as the director may prescribe by rule or otherwise. The reporting requirements so prescribed for a broker-dealer may not exceed the limitations provided in section 15 of the Securities Exchange Act of 1934. A registered broker-dealer or investment adviser may file an application for registration of a successor, and the director may at his or her discretion grant or deny the application.[ 1998 c 15 § 8; 1995 c 46 § 2; 1994 c 256 § 9; 1981 c 272 § 4; 1979 ex.s. c 68 § 6; 1975 1st ex.s. c 84 § 6; 1961 c 37 § 3; 1959 c 282 § 9.]NOTES:Findings—Construction—1994 c 256: See RCW 43.320.007.
WA Rev Code § 21.20.100 (2021)
2021 Revised Code of Washington|Title 21 - Securities and Investments|Chapter 21.20 - Securities Act of Washington.|21.20.100 - Accounts, correspondence, memoranda, papers, books, and other records—Release of information—Correction of filed document—Examination.

RCW 21.20.100 Accounts, correspondence, memoranda, papers, books, and other records—Release of information—Correction of filed document—Examination.(1) Every registered broker-dealer and investment adviser shall make and keep such accounts, correspondence, memoranda, papers, books, and other records, except with respect to securities exempt under RCW 21.20.310(1), which books and other records shall be prescribed by the director by rule or otherwise. The recordmaking and recordkeeping requirements prescribed for a broker-dealer shall not exceed the limitations provided in section 15 of the Securities Exchange Act of 1934. The recordmaking and recordkeeping requirements prescribed for a registered investment adviser shall not exceed the limitations provided in section 222 of the Investment Advisers Act of 1940. All records required to be made and kept by a registered investment adviser shall be preserved for such a period as the director prescribes by rule or otherwise.(2) With respect to investment advisers, the director may require that certain information be furnished or disseminated as necessary or appropriate in the public interest or for the protection of investors and advisory clients.(3) If the information contained in any document filed with the director is or becomes inaccurate or incomplete in any material respect, the registrant shall promptly file a correcting amendment unless notification of the correction has been given under RCW 21.20.090.(4) All the records of a registered broker-dealer or investment adviser are subject at any time or from time to time to such reasonable periodic, special or other examinations by representatives of the director, within or without this state, as the director deems necessary or appropriate in the public interest or for the protection of investors.[ 1998 c 15 § 9; 1959 c 282 § 10.]
WA Rev Code § 21.20.120 (2021)
2021 Revised Code of Washington|Title 21 - Securities and Investments|Chapter 21.20 - Securities Act of Washington.|21.20.120 - Denial, suspension, revocation of registration—Order—Request for, notice of hearing—Findings and conclusions.

RCW 21.20.120 Denial, suspension, revocation of registration—Order—Request for, notice of hearing—Findings and conclusions.Upon the entry of an order under RCW 21.20.110, the director shall promptly notify the applicant or registrant, as well as the employer or prospective employer if the applicant or registrant is a salesperson or investment adviser representative, that it has been entered and of the reasons therefor and that if requested by the applicant or registrant within twenty days after the receipt of the director's notification the matter will be promptly set down for hearing. If no hearing is requested and none is ordered by the director, the order will remain in effect until it is modified or vacated by the director. If a hearing is requested or ordered, the director, after notice of and opportunity for hearing, may modify or vacate the order or extend it until final determination. No order may be entered under RCW 21.20.110 denying or revoking registration without appropriate prior notice to the applicant or registrant (as well as the employer or prospective employer if the applicant or registrant is a salesperson or an investment adviser representative), opportunity for hearing, and written findings of fact and conclusions of law.[ 2016 c 61 § 3; 1994 c 256 § 11; 1979 ex.s. c 68 § 8; 1975 1st ex.s. c 84 § 8; 1959 c 282 § 12.]NOTES:Findings—Construction—1994 c 256: See RCW 43.320.007.
WA Rev Code § 21.20.130 (2021)
2021 Revised Code of Washington|Title 21 - Securities and Investments|Chapter 21.20 - Securities Act of Washington.|21.20.130 - Cancellation of registration or application—Grounds.

RCW 21.20.130 Cancellation of registration or application—Grounds.If the director finds that any registrant or applicant for registration is no longer in existence or has ceased to do business as a broker-dealer, investment adviser, investment adviser representative, or salesperson, or is subject to an adjudication of mental incompetence or to the control of a committee, conservator, or guardian, or cannot be located after reasonable search, the director may by order cancel the registration or application.[ 1994 c 256 § 12; 1979 ex.s. c 68 § 9; 1975 1st ex.s. c 84 § 9; 1959 c 282 § 13.]NOTES:Findings—Construction—1994 c 256: See RCW 43.320.007.
WA Rev Code § 21.20.135 (2021)
2021 Revised Code of Washington|Title 21 - Securities and Investments|Chapter 21.20 - Securities Act of Washington.|21.20.135 - License as salesperson or broker-dealer prerequisite to suit for commission.

RCW 21.20.135 License as salesperson or broker-dealer prerequisite to suit for commission.No suit or action shall be brought for the collection of a commission for the sale of a security, as defined within this chapter without alleging and proving that the plaintiff was a duly licensed salesperson for an issuer or a broker-dealer, or exempt under the provisions of RCW 21.20.040, or a duly licensed broker-dealer in this state or another state at the time the alleged cause of action arose.[ 1979 ex.s. c 68 § 10; 1974 ex.s. c 77 § 3; 1961 c 37 § 10.]NOTES:Effective date—1974 ex.s. c 77: See note following RCW 21.20.040.
WA Rev Code § 21.20.140 (2021)
2021 Revised Code of Washington|Title 21 - Securities and Investments|Chapter 21.20 - Securities Act of Washington.|21.20.140 - Unlawful to offer or sell unregistered securities—Exceptions.

RCW 21.20.140 Unlawful to offer or sell unregistered securities—Exceptions.It is unlawful for any person to offer or sell any security in this state unless: (1) The security is registered by coordination or qualification under this chapter; (2) the security or transaction is exempted under RCW 21.20.310, 21.20.320, or 21.20.880; or (3) the security is a federal covered security, and, if required, the filing is made and a fee is paid in accordance with RCW 21.20.327.[ 2016 c 61 § 4; 1998 c 15 § 11; 1975 1st ex.s. c 84 § 10; 1959 c 282 § 14.]
WA Rev Code § 21.20.180 (2021)
2021 Revised Code of Washington|Title 21 - Securities and Investments|Chapter 21.20 - Securities Act of Washington.|21.20.180 - Registration by coordination—Requirements—Statement, contents.

RCW 21.20.180 Registration by coordination—Requirements—Statement, contents.Any security for which a registration statement has been filed under the securities act of 1933 or any securities for which filings have been made pursuant to regulation A pursuant to subsection (b) of Sec. 3 of the securities act in connection with the same offering may be registered by coordination. A registration statement under this section shall contain the following information and be accompanied by the following documents, in addition to payment of the registration fee prescribed in RCW 21.20.340 and, if required under RCW 21.20.330, a consent to service of process meeting the requirements of that section:(1) One copy of the prospectus, offering circular and/or letters of notification, filed under the securities act of 1933 together with all amendments thereto;(2) The amount of securities to be offered in this state;(3) The states in which a registration statement or similar document in connection with the offering has been or is expected to be filed;(4) Any adverse order, judgment or decree previously entered in connection with the offering by any court or the securities and exchange commission;(5) If the director, by rule or otherwise, requires a copy of the articles of incorporation and bylaws (or their substantial equivalents) currently in effect, a copy of any agreements with or among underwriters, a copy of any indenture or other instrument governing the issuance of the security to be registered, and a specimen or copy of the security;(6) If the director requests, any other information, or copies of any other documents, filed under the securities act of 1933;(7) An undertaking to forward promptly all amendments to the federal registration statement, offering circular and/or letters of notification, other than an amendment which merely delays the effective date; and(8) If the aggregate sales price of the offering exceeds one million dollars, audited financial statements and other financial information prepared as to form and content under rules adopted by the director.[ 1994 c 256 § 13; 1979 ex.s. c 68 § 11; 1961 c 37 § 4; 1959 c 282 § 18.]NOTES:Findings—Construction—1994 c 256: See RCW 43.320.007.
WA Rev Code § 21.20.190 (2021)
2021 Revised Code of Washington|Title 21 - Securities and Investments|Chapter 21.20 - Securities Act of Washington.|21.20.190 - Time of taking effect of registration statement by coordination—Conditions—"Price amendment", notification.

RCW 21.20.190 Time of taking effect of registration statement by coordination—Conditions—"Price amendment", notification.A registration statement by coordination under RCW 21.20.180 automatically becomes effective at the moment the federal registration statement or other filing becomes effective if all the following conditions are satisfied:(1) No stop order is in effect and no proceeding is pending under RCW 21.20.280 and 21.20.300;(2) The registration statement has been on file with the director for at least ten full business days; and(3) A statement of the maximum and minimum proposed offering prices and the maximum underwriting discounts and commissions has been on file for two full business days or such shorter period as the director permits by rule or otherwise and the offering is made within those limitations. The registrant shall promptly notify the director or such person as the director may by rule or order designate by facsimile, electronic transmission, or telegram of the date and time when the federal registration statement or other filing became effective and the content of the price amendment, if any, and shall promptly file a post-effective amendment containing the information and documents in the price amendment. "Price amendment" means the final federal amendment which includes a statement of the offering price, underwriting and selling discounts or commissions, amount of proceeds, conversion rates, call prices, and other matters dependent upon the offering price.[ 1994 c 256 § 14; 1961 c 37 § 5; 1959 c 282 § 19.]NOTES:Findings—Construction—1994 c 256: See RCW 43.320.007.
WA Rev Code § 21.20.200 (2021)
2021 Revised Code of Washington|Title 21 - Securities and Investments|Chapter 21.20 - Securities Act of Washington.|21.20.200 - Failure to notify of price amendment, proof of compliance—Stop order—Waiver of certain conditions.

RCW 21.20.200 Failure to notify of price amendment, proof of compliance—Stop order—Waiver of certain conditions.Upon failure to receive the required notification and post-effective amendment with respect to the price amendment referred to in RCW 21.20.190, the director may enter a stop order, without notice of hearing, retroactively denying effectiveness to the registration statement or suspending its effectiveness until compliance with RCW 21.20.190, if the director promptly notified the registrant by telephone, facsimile, or electronic transmission (and promptly confirms by letter or facsimile when the director notifies by telephone) of the issuance of the order. If the registrant proves compliance with the requirements as to notice and post-effective amendment, the stop order is void as of the time of its entry. The director may by rule or otherwise waive either or both of the conditions specified in RCW 21.20.190 (2) and (3). If the federal registration statement or other filing becomes effective before all these conditions are satisfied and they are not waived, the registration statement automatically becomes effective as soon as all the conditions are satisfied. If the registrant advises the director of the date when the federal registration statement or other filing is expected to become effective the director shall promptly advise the registrant by telephone, electronic transmission, or facsimile, at the registrant's expense, whether all the conditions are satisfied and whether the director then contemplates the institution of a proceeding under RCW 21.20.280 and 21.20.300; but this advice by the director does not preclude the institution of such a proceeding at any time.[ 1994 c 256 § 15; 1979 ex.s. c 68 § 12; 1959 c 282 § 20.]NOTES:Findings—Construction—1994 c 256: See RCW 43.320.007.
WA Rev Code § 21.20.220 (2021)
2021 Revised Code of Washington|Title 21 - Securities and Investments|Chapter 21.20 - Securities Act of Washington.|21.20.220 - Information not required when nonissuer distribution.

RCW 21.20.220 Information not required when nonissuer distribution.In the case of a nonissuer distribution, information may not be required under RCW 21.20.210 unless it is known to the person filing the registration statement or to the persons on whose behalf the distribution is to be made, or can be furnished by them without unreasonable effort or expense.[ 1959 c 282 § 22.]
WA Rev Code § 21.20.230 (2021)
2021 Revised Code of Washington|Title 21 - Securities and Investments|Chapter 21.20 - Securities Act of Washington.|21.20.230 - Time of taking effect of registration statement by qualification—Conditions.

RCW 21.20.230 Time of taking effect of registration statement by qualification—Conditions.A registration statement by qualification under RCW 21.20.210 becomes effective if no stop order is in effect and no proceeding is pending under RCW 21.20.280 and 21.20.300, at three o'clock Pacific standard time in the afternoon of the fifteenth full business day after the filing of the registration statement or the last amendment, or at such earlier time as the director determines. The director may require as a condition of registration under this section that a prospectus containing any information necessary for complete disclosure of any material fact relating to the security offering be sent or given to each person to whom an offer is made before or concurrently with (1) the first written offer made to him or her (other than by means of a public advertisement) by or for the account of the issuer or any other person on whose behalf the offering is being made, or by any underwriter or broker-dealer who is offering part of an unsold allotment or subscription taken by him or her as a participant in the distribution, (2) the confirmation of any sale made by or for the account of any such person, (3) payment pursuant to any such sale, or (4) delivery of the security pursuant to any such sale, whichever first occurs; but the director may accept for use under any such requirement a current prospectus or offering circular regarding the same securities filed under the Securities Act of 1933 or regulations thereunder.[ 1979 ex.s. c 68 § 14; 1975 1st ex.s. c 84 § 11; 1974 ex.s. c 77 § 4; 1961 c 37 § 6; 1959 c 282 § 23.]NOTES:Effective date—1974 ex.s. c 77: See note following RCW 21.20.040.