CODE OF VIRGINIA

OFFICIAL INTERPRETATIONS (§ 13.1-525)

The Commission shall have jurisdiction, upon written application, payment of a
filing fee of $ 500 and submission of such data as may be necessary for the
purpose, to determine whether or not (i) a particular security or transaction is
exempt from the registration requirements of this chapter, (ii) the offer or
sale of a particular security would be lawful, or (iii) a person is an
investment advisor or an investment advisor representative. Its determination
shall be made by order, which, subject to the right of appeal, shall be
conclusive on the same state of facts in any court in which the matter may come
for adjudication, whether in a civil or a criminal case.

HISTORY: Code 1950, § 13-112; 1956, c. 428; 1984, c. 771; 1992, c. 19.