Wisconsin Statutes & Annotations
Chapter 551 - Wisconsin uniform securities law.
551.703 - Application of act to existing proceeding and existing rights and duties.

551.703 Application of act to existing proceeding and existing rights and duties.
(1) Applicability of predecessor act to pending proceedings and existing rights. The predecessor act exclusively governs all actions or proceedings that are pending on January 1, 2009, or may be instituted on the basis of conduct occurring before January 1, 2009, but a civil action may not be maintained to enforce any liability under the predecessor act unless instituted within any period of limitation that applied when the cause of action accrued or within 5 years after January 1, 2009, whichever is earlier.
(2) Continued effectiveness under predecessor act. All effective registrations under the predecessor act, and all administrative orders relating to the registrations, rules, statements of policy, interpretative opinions, declaratory rulings, no action determinations, and conditions imposed on the registrations under the predecessor act, remain in effect while they would have remained in effect if this chapter had not been reenacted. They are considered to have been filed, issued, or imposed under this chapter, but are exclusively governed by the predecessor act.
(3) Applicability of predecessor act to offers or sales. The predecessor act exclusively applies to an offer or sale made within one year after January 1, 2009, pursuant to an offering made in good faith before January 1, 2009, on the basis of an exemption available under the predecessor act.
History: 2007 a. 196.

Structure Wisconsin Statutes & Annotations

Wisconsin Statutes & Annotations

Chapter 551 - Wisconsin uniform securities law.

551.101 - Short title.

551.102 - Definitions.

551.103 - References to federal statutes.

551.104 - References to federal agencies.

551.105 - Electronic records and signatures.

551.201 - Exempt securities.

551.202 - Exempt transactions.

551.203 - Additional exemptions and waivers.

551.204 - Denial, suspension, revocation, condition, or limitation of exemptions; burden of proof; additional information.

551.205 - Additional provisions related to crowdfunding exemption for intrastate offerings through Internet sites.

551.206 - Adjustments.

551.301 - Securities registration requirement.

551.302 - Notice filing.

551.303 - Securities registration by coordination.

551.304 - Securities registration by qualification.

551.305 - Securities registration filings.

551.306 - Denial, suspension, and revocation of securities registration.

551.307 - Waiver and modification.

551.401 - Broker-dealer registration requirement and exemptions.

551.402 - Agent registration requirement and exemptions.

551.403 - Investment adviser registration requirement and exemptions.

551.404 - Investment adviser representative registration requirement and exemptions.

551.405 - Federal covered investment adviser notice filing requirement.

551.406 - Registration by broker-dealer, agent, investment adviser, and investment adviser representative.

551.407 - Succession and change in registration of broker-dealer or investment adviser.

551.408 - Termination of employment or association of agent and investment adviser representative and transfer of employment or association.

551.409 - Withdrawal of registration of broker-dealer, agent, investment adviser, and investment adviser representative.

551.411 - Postregistration requirements.

551.412 - Denial, revocation, suspension, censure, withdrawal, restriction, condition, or limitation of registration.

551.501 - General fraud.

551.502 - Prohibited conduct in providing investment advice.

551.503 - Evidentiary burden.

551.504 - Filing of sales and advertising literature.

551.505 - Misleading filings.

551.506 - Misrepresentations concerning registration or exemption.

551.507 - Qualified immunity.

551.508 - Criminal penalties.

551.509 - Civil liability.

551.511 - Rescission offers.

551.601 - Administration.

551.602 - Investigations and subpoenas.

551.603 - Civil enforcement.

551.604 - Administrative enforcement.

551.605 - Rules, forms, orders, interpretative opinions, and hearings.

551.606 - Administrative files and opinions.

551.607 - Public records; confidentiality.

551.608 - Uniformity and cooperation with other agencies.

551.609 - Judicial review.

551.611 - Service of process.

551.613 - Jurisdiction.

551.614 - Fees and expenses.

551.615 - Statutory policy.

551.701 - Effective date.

551.703 - Application of act to existing proceeding and existing rights and duties.