Florida Statute 517.302 | Lawyer Caselaw & Research

The 2024 Florida Statutes

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

Chapter 517
SECURITIES TRANSACTIONS

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F.S. 517.302

517.302 Criminal penalties; alternative fine; Anti-Fraud Trust Fund; time limitation for criminal prosecution.—

(1) Whoever violates any of the provisions of this chapter is guilty of a felony of the third degree, punishable as provided in s. 775.082, s. 775.083, or s. 775.084.

(2) Any person who violates s. 517.301 by obtaining money or property of an aggregate value exceeding $50,000 from five or more persons is guilty of a felony of the first degree, punishable as provided in s. 775.082, s. 775.083, or s. 775.084.

(3) In lieu of a fine otherwise authorized by law, a person who has been convicted of or who has pleaded guilty or no contest to having engaged in conduct in violation of this chapter may be sentenced to pay a fine that does not exceed the greater of three times the gross value gained or three times the gross loss caused by such conduct, plus court costs and the costs of investigation and prosecution reasonably incurred.

(4) There is created within the office a trust fund to be known as the Anti-Fraud Trust Fund. Any amounts assessed as costs of investigation and prosecution under this subsection shall be deposited in the trust fund. Funds deposited in the trust fund must be used, when authorized by appropriation, for investigation and prosecution of administrative, civil, and criminal actions arising under this chapter. Funds may also be used to improve the public’s awareness and understanding of prudent investing.

(5) Criminal prosecution for offenses under this chapter is subject to the time limitations in s. 775.15.

History.—s. 1, ch. 65-102; s. 488, ch. 71-136; s. 3, ch. 76-168; s. 1, ch. 77-457; ss. 4, 5, ch. 80-254; s. 397, ch. 81-259; ss. 2, 3, ch. 81-318; s. 13, ch. 86-85; ss. 12, 14, 15, ch. 90-362; s. 4, ch. 91-429; s. 2, ch. 97-90; s. 11, ch. 98-221; s. 609, ch. 2003-261; s. 151, ch. 2010-102; s. 25, ch. 2024-168.

F.S. 517.302 on Google Scholar

F.S. 517.302 on Casetext

Amendments to 517.302

Arrestable Offenses / Crimes under Fla. Stat. 517.302

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

S517.302 - FRAUD - SECURITY TRANSACTN OVER 50000DOLS AND 5 PERSON - F: F

S517.302 - FRAUD - SECURITIES TRANSACTIONS VIOLATIONS - F: T

Annotations, Discussions, Cases:

Cases Citing Statute 517.302

Total Results: 11

Wilfred A. Brown v. State of Florida

Court: District Court of Appeal of Florida | Date Filed: 2015-07-29

Citation: 189 So. 3d 837, 2015 Fla. App. LEXIS 11410

Snippet: transaction, in violation of sections 517.301 and 517:302, Florida Statutes (2007). The state alleged that-

Barnett v. Antonacci

Court: District Court of Appeal of Florida | Date Filed: 2013-08-28

Citation: 122 So. 3d 400, 2013 WL 4525322, 2013 Fla. App. LEXIS 13680

Snippet: Associate Judge, concur. . See §§ 517.301 (l)(a)2. & 517.302(1), Fla. Stat. (2012). . See § 812.014(2)(b)l„

Day v. State

Court: District Court of Appeal of Florida | Date Filed: 2008-02-22

Citation: 977 So. 2d 664, 2008 WL 463243

Snippet: illustrates the point. Prior to 1986, section 517.302, Florida Statutes, provided that: "Whoever violates

Speights v. State

Court: District Court of Appeal of Florida | Date Filed: 1982-05-10

Citation: 414 So. 2d 574

Snippet: Violation of this statute is a third degree felony. § 517.302, Florida Statutes (1981). [12] Section 517.17

Conard v. State

Court: District Court of Appeal of Florida | Date Filed: 1981-04-01

Citation: 397 So. 2d 1158, 1981 Fla. App. LEXIS 19104

Snippet: defraud each, in violations of sections 517.07, 517.302, 517.301, 817.035(2), Florida Statutes (1977).

State v. Butts

Court: District Court of Appeal of Florida | Date Filed: 1980-09-17

Citation: 388 So. 2d 317, 1980 Fla. App. LEXIS 17152

Snippet: that the applicable statute of limitations was § 517.302, Fla.Stat. (1973), a five year statute of limitation

Rudd v. State

Court: District Court of Appeal of Florida | Date Filed: 1980-07-02

Citation: 386 So. 2d 1216

Snippet: under the Sale of Securities Act was five years. § 517.302, Fla. Stat. (1973). The period for prosecution

Carcaise v. Durden

Court: District Court of Appeal of Florida | Date Filed: 1980-03-26

Citation: 382 So. 2d 1236

Snippet: affidavit is dismissed or set aside. [2] Fla. Stat. 517.302 (1973) allows five years within which to begin

State ex rel. Ridenour v. Bryson

Court: District Court of Appeal of Florida | Date Filed: 1980-01-30

Citation: 380 So. 2d 468, 1980 Fla. App. LEXIS 15477

Snippet: limitations for the illegal sale of securities. § 517.302, Fla.Stat. (1977).2 The trial court apparently

State v. Buchman

Court: Supreme Court of Florida | Date Filed: 1978-05-25

Citation: 361 So. 2d 692

Snippet: the U.S.Const., Art. I., § 9, Fla. Const. [4] § 517.302, Fla. Stat. [5] Burden of proof. It shall not

Edwards v. Trulis

Court: District Court of Appeal of Florida | Date Filed: 1968-02-22

Citation: 212 So. 2d 893

Snippet: [2] F.S. § 517.19(4) (6), F.S.A. [3] F.S. § 517.302, F.S.A. [4] McManus v. Fulton (1929), 85 Mont