Statutes, codes, and regulations
Wisconsin Administrative Code
Agency - Department of Financial InstitutionsDepartment of Financial Institutions-Securities
Chapter DFI-Sec 6 - Fraudulent practices
Section DFI-Sec 6.03 - Securities transfers

Wis. Admin. Code Department of Financial Institutions DFI-Sec 6.03

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Current through October 28, 2024
Section DFI-Sec 6.03 - Securities transfers

An issuer of outstanding securities registered under s. 551.303 or 551.304, Stats., or transactions in which are exempted from registration under s. DFI-Sec 2.02(9) (o), or any controlling person of the issuer, is deemed to employ a "device, scheme or artifice to defraud" the purchasers of the securities within the meaning of s. 551.501(1), Stats., if the issuer fails to provide adequate facilities for the transfer and delivery of the securities to the purchasers thereof without unreasonable delay, either directly or through its transfer agent for the securities.

Wis. Admin. Code Department of Financial Institutions DFI-Sec 6.03

CR Register, August, 1972, No. 200, eff. 9-1-72; am. Register, December, 1980, No. 300, eff. 1-1-81; CR 08-077: am. Register December 2008 No. 636, eff. 1-1-09.