Investment Adviser Activity Affidavit
Broker-Dealer Activity Affidavit
Securities Complaint Form
Agents and Advisers
Applications for initial registration or renewal by a broker-dealer agents and investment adviser representatives will not be deemed complete until the required fee and all required submissions have been filed with the Central Registration Depository (CRD) and the Vermont Securities Division, including any information or documentation requested by the Division after an initial submission. Failure to complete the application or renewal procedures as set forth below may result in termination of an application or registration.
Registration by Coordination – Offerings of securities also filed with the U.S. Securities and Exchange commission may be registered by coordination.
Full requirements for Registration by Coordination can be found in 9 V.S.A. § 5303 and V.S.R. § 4-1(a)
Regulation D – Rule 506 Offerings
Full requirements for Notice Filing of Regulation D – Rule 506 offerings can be found in 9 V.S.A. § 5302(c) and V.S.R. § 4-3(b).
NON-SELF EXECUTING EXEMPTIONS:
Commonly Used Exemptions that require filings with the Securities Division:
Vermont Crowdfunding – Vermont’s Intrastate Crowdfunding Exemption where Vermont businesses can offer securities to Vermont residents.
Full requirements of Vermont Crowdfunding can be found in V.S.R. § 5-11.
An investment adviser is an individual or a firm that is in the business of giving advice about securities to clients. Investment advisors wanting to do business in Vermont must register with the Department of Financial Regulation, renew their registration annually, and may be required to complete other filings as outlined below.
The Securities Division administers Vermont’s “Blue Sky Laws” contained in the Vermont Uniform Securities Act, 9 VSA Chapter 150 (Securities Act). The Securities Division is responsible for protecting Vermonters from investment fraud and promoting the development of Vermont’s capital markets by: