Florida Statute 517.03 - Full Text and Legal Analysis

The 2025 Florida Statutes

Title XXXIII
REGULATION OF TRADE, COMMERCE, INVESTMENTS, AND SOLICITATIONS

Chapter 517
SECURITIES TRANSACTIONS

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517.03 Rulemaking; immunity for acts in conformity with rules.—

(1) The office shall administer and provide for the enforcement of all the provisions of this chapter. The commission may adopt rules pursuant to ss. 120.536(1) and 120.54 to implement the provisions of this chapter conferring powers or duties upon the office, including, without limitation, adopting rules and forms governing reports. The commission shall also have the nonexclusive power to define by rule any term, whether or not used in this chapter, insofar as the definition is not inconsistent with the provisions of this chapter.

(2) No provision of this chapter imposing liability shall apply to an act done, or omitted to be done, in conformity with a rule of the commission in existence at the time of the act or omission, even though such rule may thereafter be amended or repealed or determined by judicial or other authority to be invalid for any reason.

History.—s. 2, ch. 14899, 1931; CGL 1936 Supp. 6002(3); s. 1, ch. 59-423; s. 2, ch. 65-454; ss. 12, 35, ch. 69-106; s. 196, ch. 71-377; s. 3, ch. 76-168; s. 1, ch. 77-457; ss. 2, 15, ch. 79-381; ss. 4, 5, ch. 80-254; ss. 2, 3, ch. 81-318; ss. 14, 15, ch. 90-362; s. 4, ch. 91-429; s. 179, ch. 98-200; s. 584, ch. 2003-261.

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Amendments to 517.03

Annotations, Discussions, Cases:

Cases Citing Statute 517.03

Total Results: 2

Eaton v. Coal Par of West Virginia, Inc.

580 F. Supp. 572, 1984 U.S. Dist. LEXIS 19526

District Court, S.D. Florida | Filed: Feb 13, 1984 | Docket: 1009848

Cited 5 times | Published

IV. Private Right of Action Under Fla.Stat. § 517.03(1) In count 7, plaintiff seeks to bring a private

Dept. of Banking & Finance v. Evans

540 So. 2d 884, 1988 WL 125349

District Court of Appeal of Florida | Filed: Mar 16, 1989 | Docket: 1688947

Cited 1 times | Published

persons. The authority cited for the rule is section 517.03(1), and the cited statutes being implemented

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