Vermont Department of Financial Regulation Securities Division Seeks Public Comment

The Vermont Department of Financial Regulation, Securities Divisions is seeking public comment on Securities Rule No. S-2016-01. This rule establishes a comprehensive set of regulations to govern the sale of securities in the State of Vermont. Chapter 1 establishes authority and definitions; Chapter 2 lists all materials incorporated by reference; Chapter 3 provides for the registration of Broker-Dealers and Broker-Dealer Agents; Chapter 4 outlines registration requirements for securities offerings; Chapter 5 exempts certain securities offerings from registration; Chapter 6 establishes rules for certain communications in securities transactions; Chapter 7 provides for the registration of Investment Advisers and Investment Adviser Representatives; and Chapter 8 provides for certain provisions that apply to all securities professionals.

  • The full text of the proposed regulation and other details are available here.

The deadline for public comment is March 29, 2016.

The hearing date is Tuesday, March 22, 2016 at 10:00 a.m. in the 3rd floor large conference at the Dept. of Financial Regulation, 89 Main Street, Montpelier.

 

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Regulatory Activity, State Rule Proposals