Proposed Rules and Regulations

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 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.

For questions contact:  Christopher Smith at 802-828-0727; email:  Christopher.Smith@vermont.gov.

The deadline for public comment is March 29, 2016.

Full text of the proposed regulation