reglab/housing_qa huggingface dataset:
MS Code § 75-71-103 (2020)
2020 Mississippi Code|Title 75 - Regulation of Trade, Commerce and Investments|Chapter 71 - Mississippi Securities Act of 2010|Article 1 - General Provisions|§ 75-71-103. References to federal statutes

 "Securities Act of 1933" (15 USC Section 77a et seq.), "Securities Exchange Act of 1934" (15 USC Section 78a et seq.), "Public Utility Holding Company Act of 1935" (15 USC Section 79 et seq.), "Investment Company Act of 1940" (15 USC Section 80a-1 et seq.), "Investment Advisers Act of 1940" (15 USC Section 80b-1 et seq.), "Employee Retirement Income Security Act of 1974" (29 USC Section 1001 et seq.), "National Housing Act" (12 USC Section 1701 et seq.), "Commodity Exchange Act" (7 USC Section 1 et seq.), "Internal Revenue Code" (26 USC Section 1 et seq.), "Securities Investor Protection Act of 1970" (15 USC Section 78aaa et seq.), "Securities Litigation Uniform Standards Act of 1998" (112 Stat.3227), "Small Business Investment Act of 1958" (15 USC Section 661 et seq.), and "Electronic Signatures in Global and National Commerce Act" (15 USC Section 7001 et seq.) mean those statutes and the rules and regulations adopted under those statutes, as in effect on January 1, 2000, or as later amended.
MS Code § 75-71-104 (2020)
2020 Mississippi Code|Title 75 - Regulation of Trade, Commerce and Investments|Chapter 71 - Mississippi Securities Act of 2010|Article 1 - General Provisions|§ 75-71-104. References to federal agencies

 A reference in this chapter to an agency or department of the United States is also a reference to a successor agency or department.
MS Code § 75-71-105 (2020)
2020 Mississippi Code|Title 75 - Regulation of Trade, Commerce and Investments|Chapter 71 - Mississippi Securities Act of 2010|Article 1 - General Provisions|§ 75-71-105. Electronic records and signatures

 This chapter 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 USC Section 7001(c)) or authorize electronic delivery of any of the notices described in Section 103(b) of that act (15 USC Section 7003(b)).This chapter authorizes the filing of records and signatures, when specified by provisions of this chapter or by a rule adopted or order issued under this chapter, in a manner consistent with Section 104(a) of that act (15 USC Section 7004(a)).
MS Code § 75-71-203 (2020)
2020 Mississippi Code|Title 75 - Regulation of Trade, Commerce and Investments|Chapter 71 - Mississippi Securities Act of 2010|Article 2 - Exemptions From Registration of Securities|§ 75-71-203. Additional exemptions and waivers

 A rule adopted or order issued under this chapter may exempt a security, transaction, or offer; a rule under this chapter may exempt a class of securities, transactions, or offers from any or all of the requirements of Sections 75-71-301 through 75-71-306 and 75-71-504; and an order under this chapter may waive, in whole or in part, any or all of the conditions for an exemption or offer under Sections 75-71-201 and 75-71-202.
MS Code § 75-71-204 (2020)
2020 Mississippi Code|Title 75 - Regulation of Trade, Commerce and Investments|Chapter 71 - Mississippi Securities Act of 2010|Article 2 - Exemptions From Registration of Securities|§ 75-71-204. Denial, suspension, revocation, condition, or limitation of exemptions

 Enforcement related powers. Except with respect to a federal covered security or a transaction involving a federal covered security, an order under this chapter may deny, suspend application of, condition, limit, or revoke an exemption created under Section 75-71-201(3)(C), Section 75-71-201(7) or Section 75-71-201(8) or Section 75-71-202 or an exemption or waiver created under Section 75-71-203 with respect to a specific security, transaction, or offer.An order under this section may be issued only pursuant to the procedures in Section 75-71-306 or Section 75-71-604 and only prospectively.   Knowledge of order required. A person does not violate Section 75-71-301, Sections 75-71-303 through 75-71-306, Section 75-71-504, or Section 75-71-510 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.
MS Code § 75-71-301 (2020)
2020 Mississippi Code|Title 75 - Regulation of Trade, Commerce and Investments|Chapter 71 - Mississippi Securities Act of 2010|Article 3 - Registration of securities and notice filing of federal covered securities|§ 75-71-301. Securities registration requirement

 It is unlawful for a person to offer or sell a security in this state unless:    The security is a federal covered security;   The security, transaction, or offer is exempted from registration under Sections 75-71-201 through 75-71-203; or   The security is registered under this chapter.
MS Code § 75-71-307 (2020)
2020 Mississippi Code|Title 75 - Regulation of Trade, Commerce and Investments|Chapter 71 - Mississippi Securities Act of 2010|Article 3 - Registration of securities and notice filing of federal covered securities|§ 75-71-307. Waiver and modification

 The administrator may waive or modify, in whole or in part, any or all of the requirements of Sections 75-71-302, 75-71-303, and 75-71-304(b) or the requirement of any information or record in a registration statement or in a periodic report filed pursuant to Section 75-71-305(i).
MS Code § 75-71-310 (2020)
2020 Mississippi Code|Title 75 - Regulation of Trade, Commerce and Investments|Chapter 71 - Mississippi Securities Act of 2010|Article 3 - Registration of securities and notice filing of federal covered securities|§ 75-71-310. Filing fees

 Required fees for notice filing for federal covered securities under Section 18(b)(2).- The initial filing fee for a notice filing with respect to a federal covered security described in subsection (a) of Section 75-71-302 is one-tenth (1/10) of one percent (1%) of the dollar amount of the offering to be registered with a minimum fee of Three Hundred Dollars ($300.00) and a maximum fee of One Thousand Dollars ($1,000.00). The renewal fee for a notice filing with respect to a federal covered security described in subsection (a) of Section 75-71-302 is one-tenth (1/10) of one percent (1%) of the amount sold in the state with a minimum fee of Three Hundred Dollars ($300.00) and a maximum fee of One Thousand Dollars ($1,000.00).   Required fees for notice filings for federal covered securities.- The filing fee for a notice filing with respect to a security that is a federal covered security under the Securities Act of 1933 (15 USC Section 77r) is Three Hundred Dollars ($300.00). The fee for a late filing, which is an additional fee, is one percent (1%) of the dollar amount of the offering sold in the state up to a maximum of Five Thousand Dollars ($5,000.00).   Required fees for securities registration filings under Section 75-71-305. -    The filing fee for a registration statement under Section 75-71-305 is one-tenth (1/10) of one percent (1%) of the dollar amount of the offering to be registered with a minimum fee of Three Hundred Dollars ($300.00) and a maximum fee of One Thousand Dollars ($1,000.00).   The filing fee for an amendment to a registration statement under Section 75-71-305 to register additional securities shall be calculated in the manner specified in paragraph (1) with respect to the additional securities proposed to be offered.
MS Code § 75-71-403 (2020)
2020 Mississippi Code|Title 75 - Regulation of Trade, Commerce and Investments|Chapter 71 - Mississippi Securities Act of 2010|Article 4 - Broker-dealers, agents, investment advisers, investment adviser representatives, and federal covered investment advisers|§ 75-71-403. Investment adviser registration requirement and exemptions

 Registration requirement. It is unlawful for a person to transact business in this state as an investment adviser unless the person is registered under this chapter as an investment adviser or is exempt from registration as an investment adviser under subsection (b).   Exemptions from registration. The following persons are exempt from the registration requirement of subsection (a):    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 person without a place of business in this state if the person has had, during the preceding twelve (12) months, not more than five (5) clients that are resident in this state in addition to those specified under paragraph (1); or   Any other person exempted by rule adopted or order issued under this chapter.    Federal covered investment advisers, investment advisers registered under this chapter, or broker-dealers registered under this chapter;   Institutional investors;   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   Any other client exempted by rule adopted or order issued under this chapter;   Limits on employment or association. 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 chapter, 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 administrator, by order, may waive, in whole or in part, the application of the prohibitions of this subsection to the investment adviser.   Investment adviser representative registration required. It is unlawful for an investment adviser to employ or associate with an individual required to be registered under this chapter as an investment adviser representative who transacts business in this state on behalf of the investment adviser unless the individual is registered under Section 75-71-404(a) or is exempt from registration under Section 75-71-404(b).
MS Code § 75-71-405 (2020)
2020 Mississippi Code|Title 75 - Regulation of Trade, Commerce and Investments|Chapter 71 - Mississippi Securities Act of 2010|Article 4 - Broker-dealers, agents, investment advisers, investment adviser representatives, and federal covered investment advisers|§ 75-71-405. Federal covered investment adviser notice filing requirement

 Notice filing requirement. 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).   Notice filing requirement not required. The following federal covered investment advisers are not required to comply with subsection (c):    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 adviser without a place of business in this state if the person has had, during the preceding twelve (12) months, not more than five (5) clients that are resident in this state in addition to those specified under paragraph (1); and   Any other person excluded by rule adopted or order issued under this chapter.    Federal covered investment advisers, investment advisers registered under this chapter, and broker-dealers registered under this chapter;   Institutional investors;   Bona fide preexisting clients whose principal places of residence are not in this state; or   Other clients specified by rule adopted or order issued under this chapter;   Notice filing procedure. 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 75-71-611, 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 chapter and pay the fees specified in Section 75-71-410.   Effectiveness of filing. The notice under subsection (c) becomes effective upon its filing.
MS Code § 75-71-406 (2020)
2020 Mississippi Code|Title 75 - Regulation of Trade, Commerce and Investments|Chapter 71 - Mississippi Securities Act of 2010|Article 4 - Broker-dealers, agents, investment advisers, investment adviser representatives, and federal covered investment advisers|§ 75-71-406. Registration by broker-dealer, agent, investment adviser, and investment adviser representative

 Application for initial registration. 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 75-71-611, and paying the fee specified in Section 75-71-410 and any reasonable fees charged by the designee of the administrator for processing the filing.The application must contain:    The information or record required for the filing of a uniform application; and   Upon request by the administrator, any other financial or other information or record that the administrator determines is appropriate.    Amendment. 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.   Effectiveness of registration. If an order is not in effect and a proceeding is not pending under Section 75-71-412, 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 chapter 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.   Registration renewal. A registration is effective until midnight on December 31 of the year for which the application for registration is filed.Unless an order is in effect under Section 75-71-412, a registration may be automatically renewed each year by filing such records as are required by rule adopted or order issued under this chapter, by paying the fee specified in Section 75-71-410, and by paying costs charged by the designee of the administrator for processing the filings.   Additional conditions or waivers. A rule adopted or order issued under this chapter may impose such other conditions, not inconsistent with the National Securities Markets Improvement Act of 1996.An order issued under this chapter 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.
MS Code § 75-71-407 (2020)
2020 Mississippi Code|Title 75 - Regulation of Trade, Commerce and Investments|Chapter 71 - Mississippi Securities Act of 2010|Article 4 - Broker-dealers, agents, investment advisers, investment adviser representatives, and federal covered investment advisers|§ 75-71-407. Succession and change in registration of broker-dealer or investment adviser

 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 75-71-401 or 75-71-403 or a notice pursuant to Section 75-71-405 for the unexpired portion of the current registration or notice filing.   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 (45) days after filing its amendment to effect succession.   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.   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.
MS Code § 75-71-409 (2020)
2020 Mississippi Code|Title 75 - Regulation of Trade, Commerce and Investments|Chapter 71 - Mississippi Securities Act of 2010|Article 4 - Broker-dealers, agents, investment advisers, investment adviser representatives, and federal covered investment advisers|§ 75-71-409. 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 (60) 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 revocation or suspension proceeding under Section 75-71-412 within one (1) 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.
MS Code § 75-71-410 (2020)
2020 Mississippi Code|Title 75 - Regulation of Trade, Commerce and Investments|Chapter 71 - Mississippi Securities Act of 2010|Article 4 - Broker-dealers, agents, investment advisers, investment adviser representatives, and federal covered investment advisers|§ 75-71-410. Fees

 Fee established by administrator. The administrator shall establish fees by rule pursuant to the Mississippi Administrative Procedures Law for:    An initial filing of an application as a broker-dealer and renewal of an application by a broker-dealer for registration;   An application for registration as an agent and renewal of registration as an agent;   An application for registration as an investment adviser and renewal of registration as an investment adviser.   An application for registration as an investment adviser representative, a renewal of registration as an investment adviser representative, and a change of registration as an investment adviser representative; and   An initial fee and annual notice fee for a federal covered investment adviser required to file a notice under Section 75-71-405.    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.
MS Code § 75-71-501 (2020)
2020 Mississippi Code|Title 75 - Regulation of Trade, Commerce and Investments|Chapter 71 - Mississippi Securities Act of 2010|Article 5 - Fraud and liabilities|§ 75-71-501. General fraud

 It is unlawful for a person, in connection with the offer, sale, or purchase of a security, directly or indirectly:    To employ a device, scheme, or artifice to defraud;   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 the light of the circumstances under which they were made, not misleading; or   To engage in an act, practice, or course of business that operates or would operate as a fraud or deceit upon another person.
MS Code § 75-71-502 (2020)
2020 Mississippi Code|Title 75 - Regulation of Trade, Commerce and Investments|Chapter 71 - Mississippi Securities Act of 2010|Article 5 - Fraud and liabilities|§ 75-71-502. Prohibited conduct in providing investment advice

 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 employ a device, scheme, or artifice to defraud another person; or   To engage in an act, practice, or course of business that operates or would operate as a fraud or deceit upon another person.    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.
MS Code § 75-71-503 (2020)
2020 Mississippi Code|Title 75 - Regulation of Trade, Commerce and Investments|Chapter 71 - Mississippi Securities Act of 2010|Article 5 - Fraud and liabilities|§ 75-71-503. Evidentiary burden

 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.   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.
MS Code § 75-71-504 (2020)
2020 Mississippi Code|Title 75 - Regulation of Trade, Commerce and Investments|Chapter 71 - Mississippi Securities Act of 2010|Article 5 - Fraud and liabilities|§ 75-71-504. Filing of sales and advertising literature

 Filing requirement. Except as otherwise provided in subsection (b), 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.   Excluded communications. 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 75-71-201, Section 75-71-202, or Section 75-71-203 except as required pursuant to Section 75-71-201(7).
MS Code § 75-71-505 (2020)
2020 Mississippi Code|Title 75 - Regulation of Trade, Commerce and Investments|Chapter 71 - Mississippi Securities Act of 2010|Article 5 - Fraud and liabilities|§ 75-71-505. 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.