CHAPTER 551
WISCONSIN UNIFORM SECURITIES LAW
SUBCHAPTER I
TITLE AND DEFINITIONS
551.01 Short title.
551.02 Definitions.
SUBCHAPTER II
REGISTRATION OF SECURITIES
551.21 Registration requirement.
551.22 Exempt securities.
551.23 Exempt transactions.
551.24 Exemption proceedings.
551.25 Registration by coordination.
551.26 Registration by qualification.
551.27 General registration provisions.
551.28 Denial, suspension and revocation of registrations.
SUBCHAPTER III
LICENSING OF BROKER-DEALERS, AGENTS AND INVESTMENT ADVISERS
551.31 Licensing requirement.
551.32 Licensing procedure.
551.33 Post-licensing provisions.
551.34 Denial, suspension and revocation of licenses.
SUBCHAPTER IV
FRAUDULENT PRACTICES
551.41 Sales and purchases.
551.42 Market manipulation.
551.43 Broker-dealer activities.
551.44 Advisory activities.
SUBCHAPTER V
GENERAL PROVISIONS
551.51 Administration.
551.52 Fees and expenses.
551.53 Advertising.
551.54 Misleading filings.
551.55 Unlawful representations.
551.56 Investigations and subpoenas.
551.57 Injunctions.
551.58 Criminal penalties.
551.59 Civil liabilities.
551.60 Miscellaneous powers.
551.605 Administrative assessments; investor education.
551.61 Hearings and judicial review.
551.62 Stay of proceedings.
551.63 Rules, forms and orders.
551.64 Administrative files and opinions.
551.65 Service of process.
551.66 Scope of chapter.
551.67 Statutory policy.
subch. I of ch. 551 SUBCHAPTER I
TITLE AND DEFINITIONS
551.01 551.01 Short title. This chapter shall be known and may be cited as the "Wisconsin Uniform Securities Law".
551.02 551.02 Definitions. In this chapter, unless the context otherwise requires:
551.02(1) (1) "Advertising" means any circular, prospectus, advertisement or other material or any communication by radio, television, pictures or similar means used in connection with a sale or purchase or an offer to sell or purchase any security.
551.02(2) (2) "Agent" means any individual other than a broker-dealer who represents a broker-dealer or issuer in effecting or attempting to effect transactions in securities. A partner, officer or director of a broker-dealer or issuer, or a person occupying a similar status or performing similar functions, is an agent if he or she is within this definition. "Agent" does not include an individual who represents an issuer in:
551.02(2)(a) (a) Effecting transactions in a security exempted by s. 551.22;
551.02(2)(b) (b) Effecting transactions exempted by s. 551.23, other than transactions exempted under s. 551.23 (10) or (19) in which the individual receives a commission or other remuneration directly or indirectly for soliciting or selling to any person in this state; or
551.02(2)(c) (c) Effecting other transactions if no commission or other remuneration is paid or given directly or indirectly for soliciting any person in this state.
551.02(3) (3) "Broker-dealer" means any person engaged in the business of effecting transactions in securities for the account of others or for the person's own account. "Broker-dealer" does not include:
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This is an archival version of the Wis. Stats. database for 1995. See Are the Statutes on this Website Official?