File No. 36462
This notice was published in the August 1, 2012, issue (Vol. 2012, No. 15) of the Utah State Bulletin.
Commerce, Securities
Rule R164-6
Denial, Suspension or Revocation of a License
Five-Year Notice of Review and Statement of Continuation
DAR File No.: 36462
Filed: 07/11/2012 08:56:10 AM
NOTICE 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:
Section 61-1-6 of the Utah Uniform Securities Act sets forth grounds upon which the Division may discipline a licensee. Section 61-1-24 of the Act provides authority for the Division to make rules to carry out the provisions of the Act.
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 written 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:
The grounds for taking disciplinary action under Section 61-1-6 of the Act include engaging in "dishonest or unethical practices in the securities business." Rule R164-6 assists the public and courts in interpreting "dishonest or unethical practices" by identifying specific acts deemed to be dishonest or unethical and should be continued.
The full text of this rule may be inspected, during regular business hours, at the Division of Administrative Rules, or at:
CommerceSecurities
HEBER M WELLS BLDG
160 E 300 S
SALT LAKE CITY, UT 84111-2316
Direct 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 [email protected]
- Keith Woodwell at the above address, by phone at 801-530-6606, by FAX at 801-530-6980, or by Internet E-mail at [email protected]
Authorized by:
Keith Woodwell, Director
Effective:
07/11/2012
Additional Information
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/2012/b20120801.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 application of this rule, please contact Charles Lyons at the above address, by phone at 801-530-6940, by FAX at 801-530-6980, or by Internet E-mail at [email protected]; Keith Woodwell at the above address, by phone at 801-530-6606, by FAX at 801-530-6980, or by Internet E-mail at [email protected].