DAR File No.: 41885
Filed: 07/03/2017 08:38:20 AMNOTICE OF REVIEW AND STATEMENT OF CONTINUATION
Concise explanation of the particular statutory provisions under which the rule is enacted and how these provisions authorize or require the rule:
This rule is authorized by Subsection 61-1-24(1)(a) of the Utah Uniform Securities Act, which authorizes the Division to make, amend, or rescind a rule when necessary to carry out the chapter. Under Subsection 61-1-1(3) of the Utah Uniform Securities Act, it is unlawful for any person to engage in any act, practice, or course of business which operates or would operate as a fraud or deceit upon any person. Pursuant to Subsection 61-1-24(1)(a), this rule identifies specific acts and practices that are deemed fraudulent under Subsection 61-1-1(3).
Summary of written comments received during and since the last five-year review of the rule from interested persons supporting or opposing the rule:
No comments have been received.
Reasoned justification for continuation of the rule, including reasons why the agency disagrees with comments in opposition to the rule, if any:
This rule assists licensees, the public and courts in interpreting "act, practice, or course of business which operates or would operate as a fraud or deceit upon any person". Therefore, this rule should be continued. The list is not all-inclusive but provides examples of conduct deemed to be fraudulent in nature.
The full text of this rule may be inspected, during regular business hours, at the Office of Administrative Rules, or at:
Commerce
Securities
HEBER M WELLS BLDG
160 E 300 S
SALT LAKE CITY, UT 84111-2316Direct questions regarding this rule to:
- Charles Lyons at the above address, by phone at 801-530-6940, by FAX at 801-530-6980, or by Internet E-mail at clyons@utah.gov
- Keith Woodwell at the above address, by phone at 801-530-6606, by FAX at 801-530-6980, or by Internet E-mail at kwoodwell@utah.gov
Effective:
07/03/2017
Authorized by:
Keith Woodwell, Director
Document Information
- Effective Date:
- 7/3/2017
- Publication Date:
- 08/01/2017
- Type:
- Five-Year Notices of Review and Statements of Continuation
- Filed Date:
- 07/03/2017
- Agencies:
- Commerce, Securities
- Authorized By:
- Keith Woodwell, Director
- DAR File No.:
- 41885
- Summary:
No comments have been received.
- CodeNo:
- R164-1
- CodeName:
- {47660|R164-1|R164-1. Fraudulent Practices}
- Link Address:
- CommerceSecuritiesHEBER M WELLS BLDG160 E 300 SSALT LAKE CITY, UT 84111-2316
- Link Way:
Charles Lyons, by phone at 801-530-6940, by FAX at 801-530-6980, or by Internet E-mail at clyons@utah.gov
Keith Woodwell, by phone at 801-530-6606, by FAX at 801-530-6980, or by Internet E-mail at kwoodwell@utah.gov
- AdditionalInfo:
- More information about a Five-Year Notice of Review and Statement of Continuation is available online. The Portable Document Format (PDF) version of the Bulletin is the official version. The PDF version of this issue is available at https://rules.utah.gov/publicat/bull_pdf/2017/b20170801.pdf. The HTML edition of the Bulletin is a convenience copy. Any discrepancy between the PDF version and HTML version is resolved in favor of the PDF version. For questions regarding the content or ...
- Related Chapter/Rule NO.: (1)
- R164-1. Fraudulent Practices.