Are there any laws related to the regulation of securities and commodities?

Yes, there are laws related to the regulation of securities and commodities in Washington, and these are based on the Washington Securities Act of 1965. The Act grants the Washington State Department of Financial Institutions (DFI) the authority to monitor and regulate the security and commodities related activities of Washington-based brokers, dealers, and investment advisors. Under the Act, DFI is responsible for regulating the sale, offer, and issuance of securities, and for monitoring the financial condition and practices of people who sell, offer, or issue securities in the state. Additionally, the Act protects investors by prohibiting fraud and manipulative trading practices. The Act also established the Washington Securities Division within DFI, which is responsible for regulating securities and commodities through the registration and licensing of securities firms and professionals. The Division also works to ensure compliance with the Act and other laws, investigates complaints and violations of the rules, and oversees enforcement actions when needed. To help investors understand the rules and regulations of the Act, the Division has published a detailed guide to the Washington Securities Act of 1965, which is available online. The guide provides information on the registration process, fees and penalties, and other important details. Additionally, the Division also provides investor education materials and resources, including seminars, workshops, and online resources.

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