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Searching 2025-2026 Session
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The Vermont Statutes Online

The Statutes below include the actions of the 2025 session of the General Assembly.

NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.

Title 9: Commerce and Trade

Chapter 150: Securities Act

  • Subchapter 001: GENERAL PROVISIONS
  •    § 5101. Short title

  •    § 5102. Definitions

  •    § 5103. References to federal statutes

  •    § 5104. References to federal agencies

  •    § 5105. Electronic records and signatures


  • Subchapter 002: EXEMPTIONS FROM REGISTRATION OF SECURITIES
  •    § 5201. Exempt securities

  •    § 5202. Exempt transactions

  •    § 5203. Additional exemptions and waivers

  •    § 5204. Denial, suspension, revocation, condition, or limitations of exemptions


  • Subchapter 003: REGISTRATION OF SECURITIES AND NOTICE FILING OF FEDERAL COVERED SECURITIES
  •    § 5301. Securities registration requirement

  •    § 5302. Notice filing

  •    § 5303. Securities registration by coordination

  •    § 5304. Securities registration by qualification

  •    § 5305. Securities registration filings

  •    § 5306. Denial, suspension, and revocation of securities registration

  •    § 5307. Waiver and modification


  • Subchapter 004: BROKER-DEALERS, AGENTS, INVESTMENT ADVISERS, INVESTMENT ADVISER REPRESENTATIVES, AND FEDERAL COVERED INVESTMENT ADVISERS
  •    § 5401. Broker-dealer registration requirement and exemptions

  •    § 5402. Agent registration requirement and exemptions

  •    § 5403. Investment adviser registration requirement and exemptions

  •    § 5404. Investment adviser representative registration requirement and exemptions

  •    § 5405. Federal covered investment adviser notice filing requirement

  •    § 5406. Registration by broker-dealer, agent, investment adviser, and investment adviser representative

  •    § 5407. Succession and change in registration of broker-dealer or investment adviser

  •    § 5408. Termination of employment or association of agent and investment adviser representative and transfer of employment or association

  •    § 5409. Withdrawal of registration of broker-dealer, agent, investment adviser, and investment representative

  •    § 5410. Filing fees

  •    § 5411. Postregistration requirements

  •    § 5412. Denial, revocation, suspension, withdrawal, restriction, condition, or limitations of registration


  • Subchapter 005: FRAUD AND LIABILITIES
  •    § 5501. General fraud

  •    § 5502. Prohibited conduct in providing investment advice

  •    § 5503. Evidentiary burden

  •    § 5504. Filing of sales and advertising literature

  •    § 5505. Misleading filings

  •    § 5506. Misrepresentations concerning registration or exemption

  •    § 5507. Qualified immunity

  •    § 5508. Criminal penalties

  •    § 5509. Civil liability

  •    § 5510. Rescission offers


  • Subchapter 006: ADMINISTRATION AND JUDICIAL REVIEW
  •    § 5601. Administration

  •    § 5602. Investigations and subpoenas

  •    § 5603. Civil enforcement

  •    § 5604. Administrative enforcement

  •    § 5605. Rules, forms, orders, interpretative opinions, and hearings

  •    § 5606. Administrative files and opinions

  •    § 5607. Public records; confidentiality

  •    § 5608. Uniformity and cooperation with other agencies

  •    § 5609. Judicial review

  •    § 5610. Jurisdiction

  •    § 5611. Service of process

  •    § 5612. Severability clause

  •    § 5613. Collection and disposition of fees

  •    § 5614. Recovery of expenses

  •    § 5615. Repealed. 2017, No. 80, § 7.

  •    § 5616. Vermont Financial Services Education and Victim Restitution Special Fund

  •    § 5617. Vermont Whistleblower Award and Protection Act


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