The Virginia Division of Securities and Retail Franchising is responsible for the
regulation of securities, broker-dealers, broker-dealer agents, investment advisers
and their representatives. It is also responsible for the registration of franchises
and trademarks in Virginia. The Division answers inquiries, provides investor education
programs, handles complaints, performs audits, and conducts investigations regarding
code violations relating to securities and retail franchising.
Statement of Policy Regarding Fee and Commission Disclosures Under Commission's Rules Governing Broker-Dealers
The Division’s Investor Education Program provides investors with the information you need to make appropriate investment decisions for your financial future as well as to avoid investment fraud. Use the resources provided to help you become a better educated, well protected, and successful investor.
Enforcement actions taken by the Commission relating to violations of the Virginia Securities Act and Virginia Retail Franchising Act since January 1, 2008.
For additional information, visit the Commission's Docket Search feature, select Search Cases, and enter the case number in which you are interested. Additional menu options will deliver more information related to the case.
FAQ: General Solicitation and Bad Actor Rules
On July 10, 2013, the Securities and Exchange Commission (SEC) adopted rules eliminating the prohibition on general solicitation and general advertising and disqualifying felons and other "bad actors" from Rule 506 offerings. The rules became effective on September 23, 2013. NASAA has prepared the following FAQ that addresses certain issues relating to the General Solicitation Rules and Bad Actor Rules.