In the State of Washington, investors have rights and protections under numerous laws and regulations. These include:
The Securities Act of Washington (RCW 21.20) which is the state law that regulates securities in Washington.
The Securities Act of Washington requires that all securities offered for sale in Washington be registered with the WSD, unless the securities or transactions are exempt. The Securities Act of Washington applies to all securities broker-dealers, agents, and investment advisers who offer or sell securities.
Here are some of the key provisions of the Securities Act of Washington:
Registration of securities: All securities offered for sale in Washington must be registered with the WSD, unless the securities or transactions are exempt.
Registration of broker-dealers, agents, and investment advisers: All broker-dealers, agents, and investment advisers who offer or sell securities in Washington must be registered with the WSD.
Anti-fraud provisions: The Securities Act of Washington prohibits fraud.
Enforcement: The WSD is responsible for enforcing the Securities Act of Washington. The WSD can investigate alleged violations of the law and take enforcement actions, such as issuing cease-and-desist orders and imposing fines.
Washington investors are also protected by the following federal securities laws and regulations:
To discuss your rights under Washington or federal securities law, schedule a consultation with our law firm.