Securities Act Interpretive and Policy Statements

Interpretive Statements

Opinion # Date Subject
IS-22 04/01/2002 RCW 21.20.040 and 005(6) – Investment Adviser Fee Sharing - Credit Unions and other unlicensed persons.
IS-21 01/25/1999 RCW 21.20.020 -Unlawful acts of persons advertising another. WAC 460-24A-100 - Advertisements by investment advisers.
IS-01 05/31/1996 RCW 21.20.333 - Consent to Service of Process
IS-16 05/31/1996 RCW 21.20.320(3), WAC 460-21B-060(22), WAC 460-22B-090(18) - Unsolicited Orders
IS-06 01/01/1996 RCW 21.20.310(10) - Employee Benefit Plans - Permitted Beneficiaries - Acceleration of Effectiveness - Late Filing - Subsequent Distributions of Securities
IS-03 01/01/1991 RCW 21.20.310(3) - Securities Issued by Domestic Branches of Foreign Banks
IS-04 01/01/1991 RCW 21.20.310(3) and .310(4) - Applicability to Mutual and Stock Savings Banks
IS-05 01/01/1991 RCW 21.20.310 - Exempt Securities that are Guaranteed
IS-07 01/01/1991 RCW 21.20.310(11) - Nonprofit Organization Exemption Disclosure Requirements
IS-09 01/01/1991 RCW 21.20.320(1) - Nonpublic Offerings and Isolated Transactions - General Partnerships as Purchasers
IS-10 01/01/1991 IRA's and Keoghs as "Pension Trusts" RCW 21.20.320(8) - Exempt Transactions RCW 21.20.005(3)(b) - Defining "Broker-Dealer" RCW 21.20.005(6)(g)(i) - Defining "Investment Adviser
IS-11 01/01/1991 RCW 21.20.320(8) - Exemptions - "Institutional Buyer"
IS-12 01/01/1991 RCW 21.20.320(11) - Offers to Holders of Transferable Warrants
IS-13 01/01/1991 RCW 21.20.320(11) - Offers or Sales to Existing Securities Holders - Applicability in Parent/Subsidiary Situations
IS-14 01/01/1991 RCW 21.20.320(11) - Offers to Existing Security Holders of the Issuer - Applicability to Mutual Funds
IS-20 01/01/1991 RCW 21.20.320(10) - Preorganization Certificates

Policy Statements

Policy # Date Subject
PS-22 01/07/2015 Oversales by Investment Companies
PS-21 12/18/2014 Advisory Fee Billing Information Required To Be Disseminated To Clients Under WAC 460-24A-220
PS-20 09/08/1997 Internet Advertising by Broker-Dealers, Investment Advisers, and their Representatives
PS-01 05/31/1996 Determination of the Filing Date RCW 21.20.510 - Document Filed When Received
PS-10 05/31/1996 WAC 460-16A-205(p) - Promotional Shares Rule - Three Year Limitation
PS-16 05/23/1996 Securities Offerings on the Internet
PS-06 05/17/1991 Projections - RCW 21.20.010
PS-03 01/01/1991 RCW 21.20.240 - Use of Preliminary or Red Herring Prospectuses in Qualification Filings
PS-04 01/01/1991 Repealed
PS-05 01/01/1991 Blind Pool/Blank Check Offerings - Duty to Disclose Material Facts RCW 21.20.010 - Unlawful Offers, Sales
PS-08 01/01/1991 Government Bond Promotions by Retailers RCW 21.20.005(10) - "Offer" and "Sale" RCW 21.20.005(3) - "Broker-Dealer"