Florida Statute 517.211 - 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. 517.211

517.211 Private remedies available in cases of unlawful sale.—

(1) Every sale made in violation of either s. 517.07 or s. 517.12(1), (3), (4), (9), (11), (13), (16), or (18) may be rescinded at the election of the purchaser; however, a sale made in violation of the provisions of s. 517.1202(3) relating to a renewal of a branch office notification or in violation of the provisions of s. 517.12(13) relating to filing a change of address amendment is not subject to this section. Each person making the sale and every director, officer, partner, or agent of or for the seller, if the director, officer, partner, or agent has personally participated or aided in making the sale, is jointly and severally liable to the purchaser in an action for rescission, if the purchaser still owns the security, or for damages, if the purchaser has sold the security. No purchaser otherwise entitled will have the benefit of this subsection who has refused or failed, within 30 days after receipt, to accept an offer made in writing by the seller, if the purchaser has not sold the security, to take back the security in question and to refund the full amount paid by the purchaser or, if the purchaser has sold the security, to pay the purchaser an amount equal to the difference between the amount paid for the security and the amount received by the purchaser on the sale of the security, together, in either case, with interest on the full amount paid for the security by the purchaser at the legal rate, pursuant to s. 55.03, for the period from the date of payment by the purchaser to the date of repayment, less the amount of any income received by the purchaser on the security.

(2) Any person purchasing or selling a security in violation of s. 517.301, and every director, officer, partner, or agent of or for the purchaser or seller, if the director, officer, partner, or agent has personally participated or aided in making the sale or purchase, is jointly and severally liable to the person selling the security to or purchasing the security from such person in an action for rescission, if the plaintiff still owns the security, or for damages, if the plaintiff has sold the security.

(3) For purposes of any action brought under this section, a control person who controls any person found to have violated any provision specified in subsection (1) is jointly and severally liable with, and to the same extent as, such controlled person in any action brought under this section unless the control person can establish by a preponderance of the evidence that he or she acted in good faith and did not directly or indirectly induce the act that constitutes the violation or cause of action.

(4) In an action for rescission:

(a) A purchaser may recover the consideration paid for the security or investment, plus interest thereon at the legal rate from the date of purchase, less the amount of any income received by the purchaser on the security or investment upon tender of the security or investment.

(b) A seller may recover the security upon tender of the consideration paid for the security, plus interest at the legal rate from the date of purchase, less the amount of any income received by the defendant on the security.

(5) In an action for damages brought by a purchaser of a security or investment, the plaintiff must recover an amount equal to the difference between:

(a) The consideration paid for the security or investment, plus interest thereon at the legal rate from the date of purchase; and

(b) The value of the security or investment at the time it was disposed of by the plaintiff, plus the amount of any income received on the security or investment by the plaintiff.

(6) In an action for damages brought by a seller of a security, the plaintiff shall recover an amount equal to the difference between:

(a) The value of the security at the time of the complaint, plus the amount of any income received by the defendant on the security; and

(b) The consideration received for the security, plus interest at the legal rate from the date of sale.

(7) In any action brought under this section, including an appeal, the court shall award reasonable attorney fees to the prevailing party unless the court finds that the award of such fees would be unjust.

(8) This chapter does not limit any statutory or common-law right of a person to bring an action in a court for an act involved in the sale of securities or investments.

(9) The same civil remedies provided by the laws of the United States for the purchasers or sellers of securities in interstate commerce also extend to purchasers or sellers of securities under this chapter.

History.—s. 5, ch. 78-435; ss. 9, 15, ch. 79-381; s. 5, ch. 80-254; ss. 5, 6, ch. 81-115; ss. 2, 3, ch. 81-318; s. 3, ch. 83-265; s. 9, ch. 84-159; ss. 11, 14, 15, ch. 90-362; s. 4, ch. 91-429; s. 1, ch. 2000-123; s. 7, ch. 2013-202; s. 18, ch. 2023-205; s. 15, ch. 2024-168; s. 12, ch. 2025-28.

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Amendments to 517.211

Annotations, Discussions, Cases:

Cases Citing Statute 517.211

Total Results: 116

Fed. Sec. L. Rep. P 98,327 Dorothy G. Twiss and Armin R. Twiss v. David J. Kury, Kury Financial Planning Group, Inc., Associated Planners Securities Group, American Capital Equities Corp., Robert E. Hillard, Prudential-Bache Securities Corp., Shearson Lehman Hutton, Inc., Martha P. Sanders v. David J. Kury, Kury Financial Planning Group, Inc., Associated Planners Securities Group, American Capital Equities Corp., Robert E. Hillard, Prudential-Bache Securities Corp., Shearson Lehman Hutton, Inc., James R. Addonizio v. David J. Kury, Kury Financial Planning Group, Inc., Associated Planners Securities Group, American Capital Equities Corp., Robert E. Hillard, Prudential-Bache Securities Corp., Shearson Lehman Hutton, Inc., Jeffrey B. Miller v. David J. Kury, Kury Financial Planning Group, Inc., Associated Planners Securities Group, American Capital Equities Corp., Robert E. Hillard, Prudential-Bache Securities Corp., Shearson Lehman Hutton, Inc., J. Letcher Lamkin v. David J. Kury, Kury Financial Planning Group, Inc., Associated Planners Securities Group, American Capital Equities Corp., Robert E. Hillard, Prudential-Bache Securities Corp., Shearson Lehman Hutton, Inc., David O. Stefl and Patricia A. Stefl v. David J. Kury, Kury Financial Planning Group, Inc., Associated Planners Securities Group, American Capital Equities Corp., Robert E. Hillard, Prudential-Bache Securities Corp., Shearson Lehman Hutton, Inc., Mary M. Warner

25 F.3d 1551

Court of Appeals for the Eleventh Circuit | Filed: Jul 20, 1994 | Docket: 731114

Cited 78 times | Published

purport to hold that the remedies provided in section 517.211 are exclusive of all other remedies recognized

In Re Sahlen & Associates, Inc. Securities Litigation

773 F. Supp. 342, 1991 U.S. Dist. LEXIS 10920, 1991 WL 152814

District Court, S.D. Florida | Filed: Jul 10, 1991 | Docket: 1229145

Cited 63 times | Published

ordinary and gross negligence, (8) violations of § 517.211 and § 517.301 of the Florida Securities and Investor

David Brown and Rita Brown v. Rauscher Pierce Refsnes, Inc., and William H. Brashears

994 F.2d 775, 1993 U.S. App. LEXIS 16195, 1993 WL 209678

Court of Appeals for the Eleventh Circuit | Filed: Jul 2, 1993 | Docket: 346505

Cited 49 times | Published

damages formula. See Fla.Stat.Ann. § 517.211. That formula provides that a plaintiff who successfully

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

Plaintiff Miller alleges that pursuant to Section 517.211(3), he may recover "the consideration paid

EF Hutton & Co., Inc. v. Rousseff

537 So. 2d 978, 14 Fla. L. Weekly 3, 1989 Fla. LEXIS 29

Supreme Court of Florida | Filed: Jan 5, 1989 | Docket: 1028436

Cited 37 times | Published

operate as a fraud or deceit upon any person. Section 517.211, which operates upon section 517.301, is similar

First Union Brokerage v. Milos

717 F. Supp. 1519, 1989 U.S. Dist. LEXIS 8235, 1989 WL 79786

District Court, S.D. Florida | Filed: May 12, 1989 | Docket: 496895

Cited 35 times | Published

proceeding instituted under Section 517.301 and Section 517.211. E.F. Hutton & Company v. Rousseff, 537 So

Moser v. Barron Chase Securities, Inc.

783 So. 2d 231, 26 Fla. L. Weekly Supp. 195, 2001 Fla. LEXIS 628, 2001 WL 326778

Supreme Court of Florida | Filed: Apr 5, 2001 | Docket: 1259650

Cited 30 times | Published

filed under both the common law and under section 517.211. In making an award for the Wienekes, the arbitrators

Knight v. EF Hutton and Co., Inc.

750 F. Supp. 1109, 1990 U.S. Dist. LEXIS 15044, 1990 WL 176026

District Court, M.D. Florida | Filed: Oct 11, 1990 | Docket: 1041824

Cited 30 times | Published

attorneys' fees for Plaintiff. Plaintiff cites Section 517.211(6) of the FIPA as support for an award of attorneys'

Ralph J. Golub v. J.W. Gant & Associates, an Illinois Limited Partnership, J.W. Gant & Associates, Inc., an Illinois Corporation

863 F.2d 1516, 13 Fed. R. Serv. 3d 56, 1989 U.S. App. LEXIS 551, 1989 WL 285

Court of Appeals for the Eleventh Circuit | Filed: Jan 23, 1989 | Docket: 1944766

Cited 26 times | Published

“prevailing party” under Fla.Stat. § 517.211(6) (1985). 3 Thus, the court ordered

Armbrister v. Roland International Corp.

667 F. Supp. 802, 1987 U.S. Dist. LEXIS 7642

District Court, M.D. Florida | Filed: Aug 14, 1987 | Docket: 2028919

Cited 26 times | Published

made in violation of the Chapter's provisions. § 517.211, Fla.Stat. (1985). The "violation", then, that

Gene E. Phillips v. Alan C. Kaplus and the Johnson Collection, Inc.

764 F.2d 807, 2 Fed. R. Serv. 3d 1360, 1985 U.S. App. LEXIS 30807

Court of Appeals for the Eleventh Circuit | Filed: Jul 2, 1985 | Docket: 279098

Cited 24 times | Published

under the Florida state securities laws, F.S. § 517.211(6). I. Facts The individual

PRICEWATERHOUSECOOPERS LLP v. Cedar Resources, Inc.

761 So. 2d 1131, 1999 Fla. App. LEXIS 12141, 1999 WL 770736

District Court of Appeal of Florida | Filed: Sep 10, 1999 | Docket: 1709353

Cited 22 times | Published

injury under its section 517.301 FSIPA claim. See § 517.211, Fla. Stat. (1993) (providing remedies for violations

Rogers v. Cisco Systems, Inc.

268 F. Supp. 2d 1305, 2003 U.S. Dist. LEXIS 11872, 2003 WL 21463643

District Court, N.D. Florida | Filed: May 14, 2003 | Docket: 2340377

Cited 20 times | Published

Florida Department of Banking and Finance. See § 517.211.311, Fla. Stat.

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

and Fla.Stat. section 517.301. Fla.Stat. section 517.211 extends liability under these sections to a

McCutcheon v. Kidder, Peabody & Co., Inc.

938 F. Supp. 820, 1996 U.S. Dist. LEXIS 13300, 1996 WL 520475

District Court, S.D. Florida | Filed: Jun 13, 1996 | Docket: 291233

Cited 17 times | Published

Florida Securities and Investor Protection Act, § 517.211(3)(a), and tenders to defendant the securities

Leisure Founders, Inc. v. CUC International, Inc.

833 F. Supp. 1562, 1993 U.S. Dist. LEXIS 12733, 1993 WL 356774

District Court, S.D. Florida | Filed: Aug 31, 1993 | Docket: 974118

Cited 16 times | Published

Securities and Investor Protection Act (Fla.Stat. § 517.211), violations of § 10(b) of the Securities and

Palmer v. Shearson Lehman Hutton, Inc.

622 So. 2d 1085, 1993 WL 288738

District Court of Appeal of Florida | Filed: Aug 4, 1993 | Docket: 355682

Cited 15 times | Published

purport to hold that the remedies provided in section 517.211 *1092 are exclusive of all other remedies recognized

Brown v. EF Hutton & Co., Inc.

610 F. Supp. 76, 1985 U.S. Dist. LEXIS 20240

District Court, S.D. Florida | Filed: Apr 30, 1985 | Docket: 1036244

Cited 15 times | Published

fraudulent misrepresentation, violations of Section 517.211 and 517.301, Florida Statutes, and breach of

Birnholz v. 44 Wall Street Fund, Inc.

880 F.2d 335

Court of Appeals for the Eleventh Circuit | Filed: Aug 10, 1989 | Docket: 820998

Cited 13 times | Published

CERTIFIED. 1 Section 517.211 provides that every sale made in violation

Xaphes v. Shearson, Hayden, Stone, Inc.

508 F. Supp. 882, 1981 U.S. Dist. LEXIS 10918

District Court, S.D. Florida | Filed: Feb 23, 1981 | Docket: 967693

Cited 12 times | Published

amended version of Fla.Stat. § 517.21, to wit § 517.211 which does not require any tender back will, therefore

Rubin v. Gabay

979 So. 2d 988, 2008 WL 373230

District Court of Appeal of Florida | Filed: Feb 13, 2008 | Docket: 2536454

Cited 11 times | Published

liable for securities fraud as an agent under section 517.211, Florida Statutes, and awarding both compensatory

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

Plaintiffs are entitled to remedies pursuant to section 517.211, Florida Statutes, since PMI Defendants sold

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

07 and Fla.Stat. section 517.301. Fla.Stat. section 517.211 extends liability under these sections to a

Gordon v. ETUE, WARDLAW & CO., PA

511 So. 2d 384

District Court of Appeal of Florida | Filed: Jul 23, 1987 | Docket: 1338576

Cited 11 times | Published

order to allege a violation by appellees of section 517.211, Florida Statutes, appellants in counts V and

Arthur Young & Co. v. Mariner Corp.

630 So. 2d 1199, 1994 WL 10800

District Court of Appeal of Florida | Filed: Jan 19, 1994 | Docket: 418867

Cited 10 times | Published

Stat. 517.301. It alleged AY was liable under Section 517.211(2) which states: Any person purchasing or selling

First Union Discount Brokerage Services, Inc. v. Milos

744 F. Supp. 1145, 1990 U.S. Dist. LEXIS 10956, 1990 WL 120065

District Court, S.D. Florida | Filed: Aug 13, 1990 | Docket: 1371191

Cited 10 times | Published

by either First Union or Pershing. Fla.Stat. § 517.211(2), which operates upon Section 517.301, provides

Honig v. Kornfeld

339 F. Supp. 3d 1323

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

Cited 9 times | Published

Investor Protection Act ("FSIPA"), Fla. Stat. § 517.211 for the sale of unregistered securities, the FPCMs

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

provided in the arbitration as provided by Section 517.211(6), Florida Statutes. The arbitration award

Matter of Prudential-Bache Securities and Depew

814 F. Supp. 1081, 1993 WL 51742

District Court, M.D. Florida | Filed: Mar 23, 1993 | Docket: 1295961

Cited 9 times | Published

for the 10b-5 allegations and pursuant to Section 517.211(6), Fla.Stat., which provides that a court

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

the automatic damage provisions of Fla.Stat. § 517.211. *457 I. • Style of the Case

Compania De Elaborados De Café v. Cardinal Capital Management, Inc.

401 F. Supp. 2d 1270, 2004 U.S. Dist. LEXIS 29385, 2003 WL 24188675

District Court, S.D. Florida | Filed: Jul 15, 2004 | Docket: 2367755

Cited 8 times | Published

violation of Section 517.301, Fla. Stat.. Section 517.211, Florida Statutes[3], delineates available

Raymond, James & Associates, Inc. v. Wieneke

591 So. 2d 956, 1991 Fla. App. LEXIS 10870, 1991 WL 224558

District Court of Appeal of Florida | Filed: Nov 1, 1991 | Docket: 541268

Cited 8 times | Published

at 833. The attorneys' fees available under section 517.211(6), Florida Statutes (1987), clearly fall within

Kane v. Shearson Lehman Hutton, Inc.

916 F.2d 643, 1990 U.S. App. LEXIS 19436

Court of Appeals for the Eleventh Circuit | Filed: Nov 6, 1990 | Docket: 1438028

Cited 8 times | Published

Florida Securities Law 16 Section 517.211 provides a remedy for violation of the antifraud

Beltram v. Shackleford, Farrior, Stallings & Evans

725 F. Supp. 499, 1989 U.S. Dist. LEXIS 13973, 1989 WL 141410

District Court, M.D. Florida | Filed: Oct 17, 1989 | Docket: 956703

Cited 8 times | Published

the Florida Supreme Court held the effect of Section 517.211 is similar to that of Section 12(2) of the

Bailey v. TRENAM SIMMONS, KEMKER, SCHARF, BARKIN

938 F. Supp. 825, 1996 U.S. Dist. LEXIS 14232, 1996 WL 550126

District Court, S.D. Florida | Filed: Aug 29, 1996 | Docket: 291021

Cited 7 times | Published

or for" the seller of the securities. F.S.A. § 517.211(1), (2). Defendant argues, and the Court agrees

Quick & Reilly, Inc. v. Perlin

411 So. 2d 978

District Court of Appeal of Florida | Filed: Mar 30, 1982 | Docket: 1326957

Cited 7 times | Published

costs and attorney's fees were sought under Section 517.211, Florida Statutes (1979), which provides various

Rushing v. Wells Fargo Bank, N.A.

752 F. Supp. 2d 1254, 2010 U.S. Dist. LEXIS 118362, 2010 WL 4639308

District Court, M.D. Florida | Filed: Nov 8, 2010 | Docket: 2342661

Cited 6 times | Published

Section 517.301 is contained in Florida Statutes Section 517.211(2) and states: Any person purchasing or selling

Davis v. Prudential Securities, Inc.

59 F.3d 1186, 1995 U.S. App. LEXIS 20219, 1995 WL 415538

Court of Appeals for the Eleventh Circuit | Filed: Jul 31, 1995 | Docket: 64021409

Cited 6 times | Published

of such fees would be unjust.” Fla.Stat.Ann. § 517.211(6) (West 1988). This court has interpreted this

Pirretti v. Dean Witter Reynolds, Inc.

578 So. 2d 474, 1991 WL 60852

District Court of Appeal of Florida | Filed: Apr 24, 1991 | Docket: 2539158

Cited 6 times | Published

alleging the unlawful sale of securities under section 517.211(6), Florida Statutes. The statute provides

Arnold Silverberg v. Paine, Webber, Jackson & Curtis, Inc., a Delaware Corporation, and Hubert T. Houston

724 F.2d 1456, 1983 U.S. App. LEXIS 30940

Court of Appeals for the Eleventh Circuit | Filed: Jan 31, 1983 | Docket: 780361

Cited 6 times | Published

plaintiff-appellee has ■filed his motion pursuant to Section 517.-211(6), Fla.Stat. (1979), to award a reasonable

Josephthal Lyon & Ross, Inc. v. Durham

734 So. 2d 487, 1999 Fla. App. LEXIS 6280, 1999 WL 299729

District Court of Appeal of Florida | Filed: May 14, 1999 | Docket: 1441742

Cited 5 times | Published

entitle Durham to an award of attorney's fees. Section 517.211(6), Florida Statutes (1995), provides: In any

Waters v. International Precious Metals Corp.

172 F.R.D. 479, 1996 U.S. Dist. LEXIS 21244, 1996 WL 814728

District Court, S.D. Florida | Filed: Jan 17, 1996 | Docket: 66315439

Cited 5 times | Published

517.301 is expressly provided for in section 517.211. Section 517.211 provides, in pertinent part: (2) Any

Lee v. Smith Barney, Harris Upham & Co.

626 So. 2d 969, 1993 WL 383537

District Court of Appeal of Florida | Filed: Sep 29, 1993 | Docket: 1286391

Cited 5 times | Published

fees in a separate motion filed pursuant to section 517.211(6), Florida Statutes (1991), the statute entitling

Skurnick v. Ainsworth

591 So. 2d 904, 16 Fla. L. Weekly Supp. 608, 1991 Fla. LEXIS 1589, 1991 WL 181925

Supreme Court of Florida | Filed: Sep 12, 1991 | Docket: 541368

Cited 5 times | Published

automatically triggers damages under Fla. Stat. § 517.211, which gives the purchaser the option of voiding

Newsom v. Dean Witter Reynolds, Inc.

558 So. 2d 1076, 1990 Fla. App. LEXIS 1741, 1990 WL 28178

District Court of Appeal of Florida | Filed: Mar 16, 1990 | Docket: 1359349

Cited 5 times | Published

it was the prevailing party in the suit. Section 517.211(6), Florida Statutes, provides that "[i]n any

Arceneaux v. Merrill Lynch, Pierce, Fenner & Smith

595 F. Supp. 171

District Court, M.D. Florida | Filed: Aug 20, 1984 | Docket: 1272144

Cited 5 times | Published

the prevailing party, to an award of fees. Section 517.211(6) provides: In any action brought under this

CITIZENS F. SAV. & L. v. Loeb Rhoades, Hornblower & Co.

473 So. 2d 679

District Court of Appeal of Florida | Filed: May 9, 1984 | Docket: 451755

Cited 5 times | Published

was entitled to attorneys' fees based upon Section 517.211, Florida Statutes (1981), or Section 17(a)

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

count 5, plaintiff seeks rescission under section 517.211(2), Florida Statutes, for defendants alleged

Fishbach v. Simon (In Re Simon)

311 B.R. 641

United States Bankruptcy Court, S.D. Florida. | Filed: Jun 22, 2004 | Docket: 1847555

Cited 4 times | Published

Debtor was liable to the Plaintiffs under Section 517.211 of the Florida Statutes. Fla. Stat. §§ 517

Wight v. Wight

880 So. 2d 692, 2004 WL 895854

District Court of Appeal of Florida | Filed: Apr 28, 2004 | Docket: 1294893

Cited 4 times | Published

arbitration award against securities dealer pursuant to § 517.211(6), Fla. Stat. (1997)); Nat'l Portland Cement

Great Western Financial Securities Corp. v. Grandison

701 So. 2d 1202, 1997 Fla. App. LEXIS 13160, 1997 WL 721996

District Court of Appeal of Florida | Filed: Nov 21, 1997 | Docket: 1425015

Cited 4 times | Published

Statutes (1995) and rescission, as set forth in section 517.211, Florida Statutes (1995). Great Western filed

Blue Sky L. Rep. P 72,963 Christ Rousseff, Kenneth Barneby, Vinita Robinson, William R. Jacobson, Charles Helton v. E.F. Hutton Company, Inc., a Foreign Corporation, Anadarko Land & Exploration Co., Inc., a Foreign Corporation, Christ Rousseff, Kenneth Barneby v. E.F. Hutton Company, Inc., a Foreign Corporation, Anadarko Land & Exploration Co., Inc., a Foreign Corporation

867 F.2d 1281

Court of Appeals for the Eleventh Circuit | Filed: Mar 15, 1989 | Docket: 986455

Cited 4 times | Published

upon any person. 32 Section 517.211, which operates upon section 517.301, is similar

Bongard v. Winter

516 So. 2d 27, 1987 WL 1582

District Court of Appeal of Florida | Filed: Nov 17, 1987 | Docket: 1678058

Cited 4 times | Published

section 517.301, Florida Statutes (1985). See § 517.211(2), Fla. Stat. (1985). We have considered Bongard's

Trynz v. Davis (In Re Davis)

47 B.R. 599, 1985 Bankr. LEXIS 6648

United States Bankruptcy Court, S.D. Florida. | Filed: Feb 25, 1985 | Docket: 1775801

Cited 4 times | Published

upon common law fraud. The second was based upon § 517.211, Florida Statutes (1983), which permits a civil

Weinberg v. Pennington

462 So. 2d 862

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

Cited 4 times | Published

of the transaction and other attendant relief. § 517.211, Fla. Stat. (1981). The action was based on theories

Durden v. CITICORP TRUST BANK, FSB

763 F. Supp. 2d 1299, 2011 U.S. Dist. LEXIS 11739, 2011 WL 337363

District Court, M.D. Florida | Filed: Jan 20, 2011 | Docket: 2335635

Cited 3 times | Published

claim is appropriate under Florida Statutes section 517.211(6), and that a fee award is likewise appropriate

Clement v. Lipson

999 So. 2d 1072, 2008 WL 4949113

District Court of Appeal of Florida | Filed: Nov 21, 2008 | Docket: 1514685

Cited 3 times | Published

these actions are predicated on a violation of section 517.211, Florida Statutes, Lipson is required to show

Wachovia Securities, LLC v. Vogel

918 So. 2d 1004, 2006 WL 141515

District Court of Appeal of Florida | Filed: Jan 20, 2006 | Docket: 1361529

Cited 3 times | Published

securities or products. In support of this section, section 517.211 provides remedies, including the rescission

Rosati v. Bekhor

167 F. Supp. 2d 1340, 2001 U.S. Dist. LEXIS 16770, 2001 WL 1301705

District Court, M.D. Florida | Filed: Jun 29, 2001 | Docket: 2373392

Cited 3 times | Published

court could base the award. Under Florida Statute § 517.211(3)(b), (6), reasonable attorneys' fees shall be

NATIONBANC SECURITIES, INC. v. Aron

787 So. 2d 881, 2001 WL 193744

District Court of Appeal of Florida | Filed: Feb 28, 2001 | Docket: 1744909

Cited 3 times | Published

attorney's fees against NationsBanc pursuant to section 517.211(6), Florida Statutes (1995). The next month

Liberty Securities Corp. v. Fetcho

114 F. Supp. 2d 1319, 2000 U.S. Dist. LEXIS 14159, 2000 WL 1376525

District Court, S.D. Florida | Filed: Sep 13, 2000 | Docket: 2213918

Cited 3 times | Published

further found that the Plaintiff had violated Section 517.211 of the Act, entitling the Defendant to attorney's

Butterworth v. Quick & Reilly, Inc.

998 F. Supp. 1404, 1998 U.S. Dist. LEXIS 4352, 1998 WL 154413

District Court, M.D. Florida | Filed: Apr 2, 1998 | Docket: 1246040

Cited 3 times | Published

violation of Section 517.12(13), Florida Statutes. Section 517.211 of the Florida Statutes states that: Every

Prudential Securities Inc. v. Ruskin

707 So. 2d 782, 1998 WL 10872

District Court of Appeal of Florida | Filed: Apr 1, 1998 | Docket: 1259539

Cited 3 times | Published

denying attorney's fees sought pursuant to section 517.211(6), Florida Statutes (1995). We affirm. Appellee

Butterworth v. Quick & Reilly, Inc.

171 F.R.D. 319, 37 Fed. R. Serv. 3d 1410, 1997 U.S. Dist. LEXIS 5163, 1997 WL 189097

District Court, M.D. Florida | Filed: Apr 11, 1997 | Docket: 66315365

Cited 3 times | Published

entitled to rescission or damages pursuant to § 517.211 of the Florida Securities Act; 5. Quick & Reilly

Bacon v. STIEFEL LABORATORIES, INC.

677 F. Supp. 2d 1331, 48 Employee Benefits Cas. (BNA) 2703, 2010 U.S. Dist. LEXIS 1186, 2010 WL 54753

District Court, S.D. Florida | Filed: Jan 4, 2010 | Docket: 2369736

Cited 2 times | Published

the substantive portions of the FSA. Fla. Stat. § 517.211. The remedy for this type of action by a seller

Frazier v. Dreyfuss

14 So. 3d 1183, 2009 Fla. App. LEXIS 8787, 2009 WL 1698508

District Court of Appeal of Florida | Filed: Jun 17, 2009 | Docket: 1650808

Cited 2 times | Published

The trial court awarded fees pursuant to section 517.211(6).[1] The trial court also awarded appellate

Appelbaum v. Fayerman

937 So. 2d 282, 2006 WL 2612775

District Court of Appeal of Florida | Filed: Sep 13, 2006 | Docket: 1513111

Cited 2 times | Published

requested an award of attorney's fees under section 517.211(6), Florida Statutes (2004), which provides

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

the concomitant right of rescission under section 517.211 of FIPA. We refer to these counts collectively

Marcus v. SHAPIRO, ABRAMSON & SCHWIMMER, PA

620 So. 2d 1284

District Court of Appeal of Florida | Filed: May 12, 1993 | Docket: 1387920

Cited 2 times | Published

1989). A private right of action is found in section 517.211 which states: (2) Any person purchasing or

Brown v. Rauscher Pierce Refsnes, Inc.

796 F. Supp. 496, 1992 U.S. Dist. LEXIS 5293, 1992 WL 124450

District Court, M.D. Florida | Filed: Apr 7, 1992 | Docket: 1640068

Cited 2 times | Published

762.91 attended this violation per Fla.Stat. § 517.211.[2] Defendants countered that Mr. Brashears' mere

Rousseff v. E.F. Hutton Co.

867 F.2d 1281, 1989 U.S. App. LEXIS 3073, 1989 WL 15722

Court of Appeals for the Eleventh Circuit | Filed: Mar 15, 1989 | Docket: 66242150

Cited 2 times | Published

operate as a fraud or deceit upon any person. Section 517.211, which operates upon section 517.301, is similar

Nalasco v. Buckman, Buckman & Reid, Inc.

171 So. 3d 759, 2015 Fla. App. LEXIS 10776, 2015 WL 4269635

District Court of Appeal of Florida | Filed: Jul 15, 2015 | Docket: 60249831

Cited 1 times | Published

the Nalascos’ attorney’s fees, pursuant to section 517.211, Florida Statutes (2013),1 and directed the

Eagletech Communications, Inc. v. Bryn Mawr Investment Group, Inc.

79 So. 3d 855, 2012 WL 280242, 2012 Fla. App. LEXIS 1346

District Court of Appeal of Florida | Filed: Feb 1, 2012 | Docket: 60305390

Cited 1 times | Published

section 517.301, Florida Statutes (2000).7 Section 517.211(2) creates a civil remedy for a violation of

Carran v. Morgan

510 F. Supp. 2d 1053, 2007 U.S. Dist. LEXIS 13097, 2007 WL 628129

District Court, S.D. Florida | Filed: Feb 26, 2007 | Docket: 1808600

Cited 1 times | Published

rescission is being sought. Florida *1062 Statute section 517.211(2). This element is a matter of proof which

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

unregistered securities within the meaning of Section 517.211(2), Florida Statutes, part of the Florida Securities

Moeller v. Cassedy

364 F. Supp. 2d 1340, 2005 U.S. Dist. LEXIS 5984, 2005 WL 799207

District Court, N.D. Florida | Filed: Mar 28, 2005 | Docket: 2214587

Cited 1 times | Published

626 So.2d 969, 970 (Fla.2d Dist.Ct.App.1993), § 517.211(6), Fla. Stat. Under Florida law, the issue of

Roberson v. Charles Schwab & Co., Inc.

339 F. Supp. 2d 1337, 2003 U.S. Dist. LEXIS 25976, 2003 WL 23837136

District Court, S.D. Florida | Filed: Sep 29, 2003 | Docket: 2277797

Cited 1 times | Published

damages they allege are mandatory under FLA. STAT. § 517.211. Respondent Charles Schwab & Co., Inc. [hereinafter

Roberson v. Charles Schwab & Co., Inc.

339 F. Supp. 2d 1337, 2003 U.S. Dist. LEXIS 25976, 2003 WL 23837136

District Court, S.D. Florida | Filed: Sep 29, 2003 | Docket: 2277797

Cited 1 times | Published

damages they allege are mandatory under FLA. STAT. § 517.211. Respondent Charles Schwab & Co., Inc. [hereinafter

Mesher v. Combs

685 So. 2d 1391, 1997 Fla. App. LEXIS 131, 1997 WL 12940

District Court of Appeal of Florida | Filed: Jan 15, 1997 | Docket: 64770283

Cited 1 times | Published

purchase an interest in HSSI.1 Pursuant to section 517.211, the trial court ordered rescission of the

State Farm Fire & Cas. Co. v. Palma

585 So. 2d 329, 1991 Fla. App. LEXIS 7356, 1991 WL 138896

District Court of Appeal of Florida | Filed: Jul 31, 1991 | Docket: 1293876

Cited 1 times | Published

alleging the unlawful sale of securities under section 517.211(6). However, the court then distinguished the

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

THEREBY AVOIDING LIABILITY TO INVESTORS UNDER § 517.211 FOR THE SALE OF UNREGISTERED SECURITIES IN VIOLATION

Whigham v. Muehl

500 So. 2d 1374, 12 Fla. L. Weekly 289, 1987 Fla. App. LEXIS 6346

District Court of Appeal of Florida | Filed: Jan 20, 1987 | Docket: 64624368

Cited 1 times | Published

business. Furthermore, under the provisions of section 517.211(2), Florida Statutes, any person who participates

Arceneaux v. Merrill Lynch, Pierce, Fenner & Smith, Inc.

767 F.2d 1498, 1985 U.S. App. LEXIS 21209

Court of Appeals for the Eleventh Circuit | Filed: Aug 12, 1985 | Docket: 66209014

Cited 1 times | Published

for attorneys’ fees pursuant to Fla. Stat.Ann. § 517.211(6) (West Supp.1985). On August 20, 1984, the district

Fallani v. American Water Corp.

574 F. Supp. 81, 1983 U.S. Dist. LEXIS 12361

District Court, S.D. Florida | Filed: Oct 25, 1983 | Docket: 1481015

Cited 1 times | Published

that is contested in the case at bar. Under FS § 517.211(2) (1981), the remedies of recission and money

ACF IV, LLC v. FDI Capital, LLC

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

Published

agreements, consistent with the statute. See § 517.211(1), Fla. Stat. (2018). The parties filed cross-motions

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

Florida's Securities and Investor Protection Act, see § 517.211, Fla. Stat. (2019). Count I alleged that the sale

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

Florida's Securities and Investor Protection Act, see § 517.211, Fla. Stat. (2019). Count I alleged that the sale

SHORELINE FOUNDATION, INC. v. VICTOR BRISK

District Court of Appeal of Florida | Filed: Jun 26, 2019 | Docket: 15835852

Published

common purpose, (2) joint control or right 4 Section 517.211(6), Florida Statutes (2015), provides that

J.P. Morgan Securities, LLC v. Geveran Investments Ltd.

224 So. 3d 316, 2017 WL 3318715, 2017 Fla. App. LEXIS 11274

District Court of Appeal of Florida | Filed: Aug 4, 2017 | Docket: 6136502

Published

“if the plaintiff still owns the security.” Id. § 517.211. Joint and several liability under section 517

J.P. Morgan Securities v. Geveran Investments

District Court of Appeal of Florida | Filed: Jul 31, 2017 | Docket: 6136505

Published

the plaintiff still owns the security.” Id. § 517.211. Joint and several liability under section 517

JP Morgan Securities v. Geveran Investments

District Court of Appeal of Florida | Filed: Jun 5, 2017 | Docket: 6076389

Published

the plaintiff still owns the security.” Id. § 517.211, Fla. Stat. (2012). Joint and several liability

Lighting Science v. Geveran Investments

District Court of Appeal of Florida | Filed: Jun 5, 2017 | Docket: 6076387

Published

the plaintiff still owns the security.” Id. § 517.211, Fla. Stat. (2012). Joint and several liability

Peter Nalasco, Individually and on behalf of the Peter Nalasco IRA, Johanne Lavoie Nalasco, Individually and on behalf of the Johanne Lavoie Nalasco Ira and Loui John Nalasco v. Buckman, Buckman & Reid, Inc.

District Court of Appeal of Florida | Filed: Jul 15, 2015 | Docket: 2679192

Published

the Nalascos’ attorney’s fees, pursuant to section 517.211, Florida Statutes (2013),1 and directed the

Raubvogel v. Credit Suisse Securities (USA) LLC

123 So. 3d 1155, 2013 WL 613610, 2013 Fla. App. LEXIS 2792

District Court of Appeal of Florida | Filed: Feb 20, 2013 | Docket: 60234872

Published

appellants sought attorneys’ fees pursuant to section 517.211(6), Florida Statutes (2009), which provides

Morgan Stanley & Co. v. Core Fund

884 F. Supp. 2d 1229, 2012 WL 3292408, 2012 U.S. Dist. LEXIS 115760

District Court, M.D. Florida | Filed: Jul 11, 2012 | Docket: 65984124

Published

the [ ] Fund could recover fees is through Section 517.211(6) of the Florida Statutes. Because there are

Serefex Corp. v. Hickman Holdings, Lp

695 F. Supp. 2d 1331, 2010 U.S. Dist. LEXIS 15707, 2010 WL 672772

District Court, M.D. Florida | Filed: Feb 23, 2010 | Docket: 2230906

Published

agent can be held liable for fraud. FLA. STAT. § 517.211. Whether an agency relationship exists is usually

Kostoff v. Fleet Securities, Inc.

506 F. Supp. 2d 1150, 2007 U.S. Dist. LEXIS 25444, 2007 WL 1064217

District Court, M.D. Florida | Filed: Apr 5, 2007 | Docket: 1242940

Published

Panel awarded Kostoff attorneys' fees pursuant to § 517.211(6), Fla. Stat., with the amount of fees to be

R.M. Stark & Co. v. Noddle

941 So. 2d 401, 2006 Fla. App. LEXIS 15512, 2006 WL 2683210

District Court of Appeal of Florida | Filed: Sep 20, 2006 | Docket: 64847719

Published

they were the prevailing parties pursuant to section 517.211(6), Florida Statutes.1 However,, upon Noddle’s

Envirocycle Solutions, Inc. v. Carpet Inn of Sarasota, Inc.

933 So. 2d 1280, 2006 Fla. App. LEXIS 12508, 2006 WL 2088392

District Court of Appeal of Florida | Filed: Jul 28, 2006 | Docket: 2568520

Published

entitlement to "reasonable" attorney's fees under section 517.211(6). However, when Carpet Inn's counsel filed

DeSocio v. Sonic Automotive

894 So. 2d 1064, 2005 WL 263949

District Court of Appeal of Florida | Filed: Feb 4, 2005 | Docket: 1767967

Published

violations and sought attorney's fees pursuant to section 517.211(6), Florida Statutes (1995). The defendant

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

the law, and awarded mandatory damages under F.S. 517.211. On appeal, the decision was upheld because

Olde Discount Corp. v. Amsel

800 So. 2d 667, 2001 Fla. App. LEXIS 16273, 2001 WL 1439150

District Court of Appeal of Florida | Filed: Nov 16, 2001 | Docket: 64810385

Published

Clearly, Chapter 517 is statutory policy and section 517.211(6), which allows recovery of attorney’s fees

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

merit in his second contention, conclude that section 517.211(6) is not involved in LTI’s counterclaim, despite

Davis v. Kaminsky

734 So. 2d 476, 1999 Fla. App. LEXIS 6018, 1999 WL 308817

District Court of Appeal of Florida | Filed: May 12, 1999 | Docket: 64788587

Published

prevailing party in that suit within the meaning of section 517.211(6), Florida Statutes (1985). On remand, the

Kashner Davidson Securities Corp. v. Desrosiers

689 So. 2d 1106, 1997 Fla. App. LEXIS 933, 1997 WL 47572

District Court of Appeal of Florida | Filed: Feb 7, 1997 | Docket: 64771777

Published

(1987). It entered judgment against them under section 517.211, Florida Statutes (1987), which provides the

Twiss v. Kury

25 F.3d 1551, 1994 U.S. App. LEXIS 17949, 1994 WL 316031

Court of Appeals for the Eleventh Circuit | Filed: Jul 20, 1994 | Docket: 64017418

Published

purport to hold that the remedies provided in section 517.211 are exclusive of all other remedies recognized

Edelstein v. Flanagan

630 So. 2d 1205, 1994 Fla. App. LEXIS 148, 1994 WL 10815

District Court of Appeal of Florida | Filed: Jan 19, 1994 | Docket: 64746018

Published

(1989), thus entitling him to rescission under section 517.211(1), Florida Statutes (1989). Although the buyer

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

the concomitant right of rescission under section 517.211 of FIPA. We refer to these counts collectively

Kane v. Shearson Lehman Hutton, Inc.

916 F.2d 643, 1990 WL 157290

Court of Appeals for the Eleventh Circuit | Filed: Nov 6, 1990 | Docket: 66258807

Published

Measure of Damages Under Florida Securities Law Section 517.211 provides a remedy for violation of the antifraud

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

THEREBY AVOIDING LIABILITY TO INVESTORS UNDER § 517.211 FOR THE SALE OF UNREGISTERED SECURITIES IN VIOLATION

Birnholz v. 44 Wall Street Fund

904 F.2d 567, 1990 U.S. App. LEXIS 10476

Court of Appeals for the Eleventh Circuit | Filed: Jun 27, 1990 | Docket: 825937

Published

Commission. 1 Section 517.211 provides that every sale made in violation

Barneby v. E.F. Hutton & Co.

130 F.R.D. 679, 1990 U.S. Dist. LEXIS 5312, 1990 WL 52468

District Court, M.D. Florida | Filed: Apr 9, 1990 | Docket: 66303211

Published

Securities and Investor Protection Act., Fla.Stat.Ann. § 517.211(6)2 in the amount of $361,404.93 plus costs of

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

the Southern District of Florida pursuant to § 517.211, Fla.Stat.,1 against the 44 Wall Street Fund,

Rousseff v. E.F. Hutton Co.

843 F.2d 1326, 1988 U.S. App. LEXIS 5811, 1988 WL 32972

Court of Appeals for the Eleventh Circuit | Filed: May 2, 1988 | Docket: 66234120

Published

517.301 is an action for rescission. Fla.Stat. § 517.211. In addition to the failure to submit the issue

Rousseff v. E.F. Hutton Co.

843 F.2d 1324, 1988 U.S. App. LEXIS 5723, 1988 WL 32969

Court of Appeals for the Eleventh Circuit | Filed: May 2, 1988 | Docket: 66234119

Published

available to an injured purchaser. See Fla.Stat. § 517.211. The plaintiff argues that this change in the

McClung v. Posey

514 So. 2d 1139, 12 Fla. L. Weekly 2530, 1987 Fla. App. LEXIS 10846

District Court of Appeal of Florida | Filed: Nov 5, 1987 | Docket: 64630666

Published

represented himself, sought attorney’s fees based on section 517.211, Florida Statutes (1979), which provided for