13.1-523.1 - Commission authority to regulate securities and investment advisory activities.
§ 13.1-523.1. Commission authority to regulate securities and investmentadvisory activities.
The Commission shall have all the power, authority and jurisdiction reservedto or conferred upon the states by the federal National Securities MarketsImprovement Act of 1996 (Pub. L. No. 104-290 (1996)) to regulate securitiesand investment advisory activities, including the authority to require theregistration of persons and securities, the filing of documents, notices,reports and information, and the payment of fees, and to exercise itsadministrative, investigative, judicial and legislative powers with respectthereto. The Commission shall have the authority to make, amend and rescindsuch rules and forms in conformance with the National Securities MarketsImprovement Act of 1996 as may be necessary for the regulation of securitiesand investment advisory activities and transactions within its jurisdiction.
(1997, c. 279.)