Florida Statute 517.07 - Full Text and Legal Analysis

The 2025 Florida Statutes

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

Chapter 517
SECURITIES TRANSACTIONS

View Entire Chapter

F.S. 517.07

517.07 Registration of securities.—

(1) It is unlawful and a violation of this chapter for any person to sell or offer to sell a security within this state unless the security is exempt under s. 517.051, is sold in a transaction exempt under s. 517.061, is a federal covered security, or is registered pursuant to this chapter.

(2) No securities that are required to be registered under this chapter shall be sold or offered for sale within this state unless such securities have been registered pursuant to this chapter and unless prior to each sale the purchaser is furnished with a prospectus meeting the requirements of rules adopted by the commission.

(3) The office shall issue a permit when registration has been granted by the office. A permit to sell securities is effective for 1 year from the date it was granted. Registration of securities shall be deemed to include the registration of rights to subscribe to such securities if the application under s. 517.081 or s. 517.082 for registration of such securities includes a statement that such rights are to be issued.

(4) A record of the registration of securities shall be kept by the office, in which register of securities shall also be recorded any orders entered by the office with respect to such securities. Such register, and all information with respect to the securities registered therein, shall be open to public inspection.

(5) Notwithstanding any other provision of this section, offers of securities required to be registered by this section may be made in this state before the registration of such securities if the offers are made in conformity with rules adopted by the commission.

History.—s. 6, ch. 14899, 1931; CGL 1936 Supp. 6002(7); s. 3, ch. 24066, 1947; s. 11, ch. 25035, 1949; ss. 12, 35, ch. 69-106; s. 3, ch. 76-168; s. 1, ch. 77-457; s. 2, ch. 78-435; ss. 5, 15, ch. 79-381; ss. 4, 5, ch. 80-254; ss. 2, 3, ch. 81-318; s. 1, ch. 83-201; s. 5, ch. 85-165; s. 6, ch. 86-85; ss. 14, 15, ch. 90-362; s. 4, ch. 91-429; s. 4, ch. 97-224; s. 587, ch. 2003-261.

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Amendments to 517.07

Annotations, Discussions, Cases:

Arrestable Offenses / Crimes under Fla. Stat. 517.07

Level: Degree
Misdemeanor/Felony: First/Second/Third

S517.07 - PUBLIC ORDER CRIMES - REMOVED - F: T

S517.07 1 - PUBLIC ORDER CRIMES - SELL UNREGISTERED NONEXEMPT SECURITY - F: T

S517.07 2 - PUBLIC ORDER CRIMES - FAIL REGIST PROV PROSPECTUS MEETNG REQUIREMENT - F: T

Cases Citing Statute 517.07

Total Results: 50

Barnebey v. E.F. Hutton & Co.

715 F. Supp. 1512, 109 A.L.R. Fed. 377, 1989 U.S. Dist. LEXIS 6906, 1989 WL 68010

District Court, M.D. Florida | Filed: Jun 19, 1989 | Docket: 1357590

Cited 42 times | Published

judgment on Count I (non-registration under Section 517.07, Florida Statutes) and memorandum in support

Stowell v. Ted S. Finkel Investment Services, Inc.

489 F. Supp. 1209, 1980 U.S. Dist. LEXIS 9301

District Court, S.D. Florida | Filed: Mar 31, 1980 | Docket: 1882948

Cited 27 times | Published

and 12(5) of the Securities Act of 1933 and Section 517.07 of Florida Statutes. Count III alleges common

State v. Oxx

417 So. 2d 287

District Court of Appeal of Florida | Filed: Jul 21, 1982 | Docket: 1383197

Cited 24 times | Published

v. Houghtaling, 181 So.2d 636 (Fla. 1965) (section 517.07 prohibiting the sale of unregistered securities

Blue Sky L. Rep. P 72,945, Fed. Sec. L. Rep. P 94,134, 9 Ucc rep.serv.2d 158 Robert M. Schneberger v. W. Randolph Wheeler, United States Trust Company of New York, a New York Corporation, United States Trust Company of New York, a New York Corporation, Plaintiff-Counterclaim-Plaintiff-Appellant v. Warren J. Plotner, Defendant- Counterclaim-Plaintiff v. Randolph Wheeler, Andrew A. Levy, and Buckeye Petroleum Co., Counterclaim-Defendants

859 F.2d 1477

Court of Appeals for the Eleventh Circuit | Filed: Nov 10, 1988 | Docket: 984573

Cited 20 times | Published

Appellants claim that U.S. Trust violated Fla.Stat. section 517.07 and Fla.Stat. section 517.301. Fla.Stat. section

Temple v. Gorman

201 F. Supp. 2d 1238, 2002 U.S. Dist. LEXIS 5279, 2002 WL 862581

District Court, S.D. Florida | Filed: Jan 29, 2002 | Docket: 2349312

Cited 17 times | Published

registered pursuant to this chapter." FLA.STAT. § 517.07 (Supp.2001). The primary issue for the Court's

State v. Robarge

450 So. 2d 855

Supreme Court of Florida | Filed: May 17, 1984 | Docket: 1434135

Cited 17 times | Published

for the sale of unregistered securities under section 517.07, Florida Statutes (1975),[3] even though the

Speights v. State

414 So. 2d 574

District Court of Appeal of Florida | Filed: May 10, 1982 | Docket: 1707258

Cited 17 times | Published

361 So.2d 692 (Fla. 1978) the court examined Section 517.07, Florida Statutes (Supp. 1976),[11] which makes

State v. Buchman

361 So. 2d 692

Supreme Court of Florida | Filed: May 25, 1978 | Docket: 1685701

Cited 14 times | Published

Securities Law," Chapter 517, Florida Statutes. Section 517.07, Florida Statutes, forbids the sale of unregistered

Rudd v. State

386 So. 2d 1216

District Court of Appeal of Florida | Filed: Jul 2, 1980 | Docket: 1518299

Cited 12 times | Published

sale of a security within the contemplation of section 517.07, Florida Statutes (1973). We conclude that

Hilliard v. Black

125 F. Supp. 2d 1071, 2000 U.S. Dist. LEXIS 20328, 2000 WL 1780327

District Court, N.D. Florida | Filed: Nov 8, 2000 | Docket: 2297016

Cited 11 times | Published

prospectus of these securities as required by section 517.07, Florida Statutes.[2]See Plaintiffs' Compl

Schneberger v. Wheeler

859 F.2d 1477, 9 U.C.C. Rep. Serv. 2d (West) 158, 1988 U.S. App. LEXIS 14969, 1988 WL 111209

Court of Appeals for the Eleventh Circuit | Filed: Nov 10, 1988 | Docket: 66238549

Cited 11 times | Published

Appellants claim that U.S. Trust violated Fla.Stat. section 517.07 and Fla.Stat. section 517.301. Fla.Stat. section

Honig v. Kornfeld

339 F. Supp. 3d 1323

District Court, S.D. Florida | Filed: Aug 17, 2018 | Docket: 64321080

Cited 9 times | Published

Fla. Stat. § 517.211 (referencing Fla. Stat. § 517.07 ). Section 517.211(1) provides that: Each person

Schlenkerman v. Goldbronn (In Re Goldbronn)

263 B.R. 347, 14 Fla. L. Weekly Fed. B 277, 2001 Bankr. LEXIS 414, 2001 WL 454534

United States Bankruptcy Court, M.D. Florida | Filed: Apr 26, 2001 | Docket: 1754222

Cited 9 times | Published

securities were unregistered in violation of Section 517.07, Florida Statutes. That finding, however, is

Al Ainsworth v. Sam Skurnick

909 F.2d 456, 1990 U.S. App. LEXIS 14231, 1990 WL 108016

Court of Appeals for the Eleventh Circuit | Filed: Aug 17, 1990 | Docket: 826702

Cited 9 times | Published

that “Every sale made in violation of either Section 517.07 or Section 517.12 may be rescinded at the election

Moecker v. Antoine

845 So. 2d 904, 2003 WL 1086514

District Court of Appeal of Florida | Filed: Mar 13, 2003 | Docket: 1728730

Cited 7 times | Published

security, or is registered pursuant to this chapter. § 517.07(1), Fla. Stat. (1997). It is without dispute that

State v. Houghtaling

181 So. 2d 636

Supreme Court of Florida | Filed: Dec 1, 1965 | Docket: 1175760

Cited 6 times | Published

alleged and proven in prosecutions under F.S. Section 517.07, F.S.A. It follows that the decision of the

Hodges v. Harrison

372 F. Supp. 3d 1342

District Court, S.D. Florida | Filed: Feb 8, 2019 | Docket: 64323802

Cited 5 times | Published

of Fla. Stat. §§ 517.011, et seq. (Count V) "Section 517.07 of the [Florida Securities and Investor Protection

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

alleging that all defendants violated Fla. Stat. § 517.07, be and the same is hereby DENIED. C. Defendant

Sparks v. State

256 So. 2d 537

District Court of Appeal of Florida | Filed: Jan 14, 1972 | Docket: 427858

Cited 5 times | Published

sale *538 of unregistered securities, F.S. Section 517.07, F.S.A.; (2) sale of securities by an unregistered

Weinberg v. Pennington

462 So. 2d 862

District Court of Appeal of Florida | Filed: Jan 29, 1985 | Docket: 449528

Cited 4 times | Published

sale of unregistered securities in violation of § 517.07, Fla. Stat. (1981). After a paper default judgment

Le Chateau Royal Corp. v. Pantaleo

370 So. 2d 1155

District Court of Appeal of Florida | Filed: Jan 31, 1979 | Docket: 1386677

Cited 3 times | Published

employment in making such representations. Section 517.07, Florida Statutes (1973), prohibits the sale

Thiele v. Davidson

440 F. Supp. 585, 1977 U.S. Dist. LEXIS 12908

District Court, M.D. Florida | Filed: Nov 16, 1977 | Docket: 1397302

Cited 3 times | Published

registration under Florida law was a violation of Section 517.07, F.S.A., which entitled him to rescind the

State v. Smith

151 So. 2d 889

District Court of Appeal of Florida | Filed: Apr 18, 1963 | Docket: 1255018

Cited 3 times | Published

law. The statutes allegedly violated are F.S. Section 517.07, F.S.A. which provides: "No securities except

Scheurenbrand v. Wood Gundy Corp.

8 F.3d 1547, 1993 U.S. App. LEXIS 26733

Court of Appeals for the Eleventh Circuit | Filed: Oct 13, 1993 | Docket: 372482

Cited 2 times | Published

securities have been registered...." Fla.Stat.Ann. § 517.07. The jury determined by special verdict interrogatory

Alvarez v. United States

207 F. Supp. 3d 1291, 2016 U.S. Dist. LEXIS 123437, 2016 WL 4733183

District Court, M.D. Florida | Filed: Sep 12, 2016 | Docket: 64310270

Cited 1 times | Published

securities, in violation of FSIPA (Fla. Stat. § 517.07). Doc. 87 (Amended Complaint) at ¶¶ 175-192. Yet

Dillon v. AXXSYS International, Inc.

385 F. Supp. 2d 1307, 2005 U.S. Dist. LEXIS 24509, 2005 WL 2012273

District Court, M.D. Florida | Filed: Aug 16, 2005 | Docket: 2313193

Cited 1 times | Published

Securities and Investor Protection Act ("FSIPA"), Section 517.07, et. seq., Florida Statutes.[1] Austin moved

Bookhardt v. State

710 So. 2d 700, 1998 WL 211649

District Court of Appeal of Florida | Filed: May 1, 1998 | Docket: 1445345

Cited 1 times | Published

W. SHARP and HARRIS, JJ., concur. NOTES [1] § 517.07, Fla. Stat. [2] § 517.12, Fla. Stat. [3] § 517

Osborne Stern and Co. v. Dept. of Banking

647 So. 2d 245, 1994 WL 646266

District Court of Appeal of Florida | Filed: Nov 18, 1994 | Docket: 437560

Cited 1 times | Published

pursuant to the provisions of this section. Section 517.07 (1989), Florida Statutes, provides in pertinent

Birnholz v. 44 Wall Street Fund, Inc.

559 So. 2d 1128, 15 Fla. L. Weekly Supp. 203, 1990 Fla. LEXIS 515, 1990 WL 43611

Supreme Court of Florida | Filed: Apr 12, 1990 | Docket: 1751426

Cited 1 times | Published

SALE OF UNREGISTERED SECURITIES IN VIOLATION OF § 517.07. Id. at 341-42. Additionally, that court stated:

ACF IV, LLC v. FDI Capital, LLC

District Court of Appeal of Florida | Filed: Jul 9, 2025 | Docket: 70740034

Published

§ 517.011, Fla. Stat. (2018). To that end, section 517.07(1), Florida Statutes (2018), provides in pertinent

NGUYEN v. PERSPECTIVE GLOBAL, LLC, HOOKS

District Court of Appeal of Florida | Filed: Jun 7, 2024 | Docket: 68471735

Published

and sale of an unregistered security under section 517.07, part of Florida's Blue Sky Law, against

SAM SHRIVASTAVA, VENN THERAPEUTICS, LLC AND SANDIP PATEL v. CAC PHARMA INVESTMENTS LLC, AND C & J HEALTHCARE INVESTMENTS, LLC

District Court of Appeal of Florida | Filed: Mar 6, 2024 | Docket: 68034190

Published

securities to Appellees was made in violation of section 517.07 because the securities were not registered

SAM SHRIVASTAVA, VENN THERAPEUTICS, LLC AND SANDIP PATEL v. CAC PHARMA INVESTMENTS LLC, AND C & J HEALTHCARE INVESTMENTS, LLC

District Court of Appeal of Florida | Filed: Mar 6, 2024 | Docket: 68024814

Published

securities to Appellees was made in violation of section 517.07 because the securities were not registered

Wojnowski v. State, Office of Financial Regulation

98 So. 3d 189, 2012 WL 4009546, 2012 Fla. App. LEXIS 15370

District Court of Appeal of Florida | Filed: Sep 13, 2012 | Docket: 60312201

Published

sold unregistered securities in violation of section 517.07, Florida Statutes, and committed securities

Venezia v. Sunrise View, Inc.

93 So. 3d 1051, 2012 WL 1698130, 2012 Fla. App. LEXIS 7846

District Court of Appeal of Florida | Filed: May 16, 2012 | Docket: 60310416

Published

alleged sale of an unregistered security. See § 517.07(1), Fla. Stat. (2010) (“It is unlawful and a violation

Trucks v. Williams (In re Williams)

370 B.R. 397, 20 Fla. L. Weekly Fed. B 467, 2007 Bankr. LEXIS 2147

United States Bankruptcy Court, M.D. Florida | Filed: Jun 25, 2007 | Docket: 65783285

Published

523(a)(19)(A)(i), (A)(ii), (B)(i), and (B)(ii) (2005). Section 517.07, Florida Statutes, further provides in pertinent

Shields & Co. v. Bright

254 F. Supp. 2d 1253, 2003 U.S. Dist. LEXIS 5526, 2003 WL 1733688

District Court, M.D. Florida | Filed: Mar 28, 2003 | Docket: 2378975

Published

reference, the Court includes the following: Florida Statute 517.07(1) states: It is unlawful and a violation

Buehler v. LTI International, Inc.

762 So. 2d 530, 2000 Fla. App. LEXIS 3748, 2000 WL 331910

District Court of Appeal of Florida | Filed: Mar 31, 2000 | Docket: 64798682

Published

plaintiffs who purchased from sellers who violate section 517.07 (Registration of securities), section 517.12

Scheurenbrand v. Wood Gundy Corp.

8 F.3d 1547, 1993 WL 488586

Court of Appeals for the Eleventh Circuit | Filed: Oct 13, 1993 | Docket: 64015453

Published

securities have been registered....” Fla.Stat.Ann. § 517.07. The jury determined by special verdict interrogatory

Bissell v. State

605 So. 2d 878, 1992 Fla. App. LEXIS 5816, 1992 WL 111375

District Court of Appeal of Florida | Filed: May 29, 1992 | Docket: 64670105

Published

racketeering; § 817.034(4), two counts of organized fraud; § 517.07, thirty counts of selling unregistered securities;

Fireman's Insurance Co. v. Vento

586 So. 2d 89, 1991 Fla. App. LEXIS 9413, 1991 WL 188047

District Court of Appeal of Florida | Filed: Sep 24, 1991 | Docket: 64661706

Published

Crossings had not been registered pursuant to section 517.07, Florida Statutes (1989). The court granted

Birnholz v. 44 Wall Street Fund, Inc.

904 F.2d 567, 1990 WL 77591

Court of Appeals for the Eleventh Circuit | Filed: Jun 27, 1990 | Docket: 66255002

Published

SALE OF UNREGISTERED SECURITIES IN VIOLATION OF § 517.07. Birnholz, 880 F.2d at 341-42. The Supreme Court

Birnholz v. 44 Wall Street Fund, Inc.

880 F.2d 335, 1989 U.S. App. LEXIS 11873, 1989 WL 81670

Court of Appeals for the Eleventh Circuit | Filed: Aug 10, 1989 | Docket: 66246444

Published

violation of *337the registration requirements of § 517.07.2 As an affirmative defense the Fund asserted

Nelson v. State ex rel. Lewis

441 So. 2d 659, 1983 Fla. App. LEXIS 22467

District Court of Appeal of Florida | Filed: Oct 12, 1983 | Docket: 64601134

Published

Chapter 517 requires registration of securities. § 517.07, Fla.Stat. (1981). The only exemptions are for

Thompson v. State

378 So. 2d 859, 1979 Fla. App. LEXIS 16269

District Court of Appeal of Florida | Filed: Dec 20, 1979 | Docket: 64573706

Published

of Florida. They, too, argued that because Section 517.07 forbids sales of unregistered securities unless

State v. Fried

357 So. 2d 211

District Court of Appeal of Florida | Filed: Mar 21, 1978 | Docket: 453874

Published

promissory notes to James Burleson, in violation of Section 517.07, Florida Statutes (1975). The Information,

Cain v. Solomon

213 So. 2d 35, 1968 Fla. App. LEXIS 5086

District Court of Appeal of Florida | Filed: Jul 23, 1968 | Docket: 64506397

Published

was void because it was an illegal sale under § 517.07 Fla.Stat.: “No securities except of a class ex-exempt

State v. Houghtaling

173 So. 2d 748, 1965 Fla. App. LEXIS 4500

District Court of Appeal of Florida | Filed: Apr 13, 1965 | Docket: 64492682

Published

sale of unregistered securities, in violation of § 517.07, Fla.Stat., F.S.A., and with selling securities

Hammond v. State

151 So. 2d 872, 1963 Fla. App. LEXIS 3592

District Court of Appeal of Florida | Filed: Apr 10, 1963 | Docket: 60211252

Published

claims of such creditors * * [Emphasis supplied] Section 517.07, Fla.Stat., F.S.Á., provides : “Registration

DeBlase v. Winter Garden Co-operative Apartments, Inc.

142 So. 2d 307, 1962 Fla. App. LEXIS 3328

District Court of Appeal of Florida | Filed: Jun 12, 1962 | Docket: 60205240

Published

the order of dismissal is reversed. Reversed. . § 517.07 provides: “No securities except of a class exempt