The 2023 Florida Statutes (including Special Session C)

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

Chapter 517
SECURITIES TRANSACTIONS

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F.S. 517.312

517.312 Securities, investments, boiler rooms; prohibited practices; remedies.—

(1) It is unlawful and a violation of this chapter for any person:

(a) To offer or sell, in this state or from this state, any security or investment when such offer or sale is in violation of s. 517.301 or s. 517.311; or

(b) To directly or indirectly manage, supervise, control, or own, either alone or in association with others, any boiler room in this state which sells or offers for sale any security or investment in violation of paragraph (a).

(2) Any purchaser of a security or investment sold in violation of subsection (1) is entitled to rescind such purchase at any time and recover damages as provided in s. 517.211(3)(a), (4), and (6).

History.—ss. 11, 15, ch. 84-159; ss. 14, 15, ch. 90-362; s. 4, ch. 91-429.

F.S. 517.312 on Google Scholar

F.S. 517.312 on Casetext

Amendments to 517.312

Arrestable Offenses / Crimes under Fla. Stat. 517.312

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

S517.312 1a - FRAUD - SELL SECRTY INVST 50000DOLS OR 5 OR MORE VICT - F: F

S517.312 1a - FRAUD - SELL SECURITY INVST UND 500000 DOLS UND 5 VICT - F: T

S517.312 1b - FRAUD - RUN BOILER ROOM 50000 DOLS AND 5 OR MORE VICT - F: F

S517.312 1b - FRAUD - RUN BOILER ROOM UND 500000 DOLS OR UND 5 VICT - F: T

Annotations, Discussions, Cases:

Cases from cite.case.law:

WATERS v. INTERNATIONAL PRECIOUS METALS CORPORATION,, 172 F.R.D. 479 (S.D. Fla. 1996)

. . . . § 517.301(2) reads, in pertinent part: “For purposes of this section, s. 517.311, and s. 517.312, the . . . Fla.Stat. § 517.312(2). . . .

COMMODITY FUTURES TRADING COMMISSION v. AMERICAN METALS EXCHANGE CORP. F. C. M. a k a a k a, 991 F.2d 71 (3d Cir. 1993)

. . . .-301(1) and 517.312(l)(a) (Count VI); that the defendants sold the EBP in Florida through a "boiler . . .

COMMODITY FUTURES TRADING COMMISSION v. WELLINGTON PRECIOUS METALS, INC., 950 F.2d 1525 (11th Cir. 1992)

. . . .-312(l)(a), 517.312(l)(b) (West 1988). . . . .

COMMODITY FUTURES TRADING COMMISSION, v. AMERICAN METALS EXCHANGE CORP. F. C. M. a k a, 775 F. Supp. 767 (D.N.J. 1991)

. . . .-301(1) and 517.312(l)(a) (Westlaw 1991). . . . Liability Section 517.312(1) provides that: (1) It is unlawful and a violation of this chapter for any . . . Section 517.301(2) provides that: (2) For purposes of this section, s. 517.311, and s. 517.312, the term . . . Section 517.312(1) provides that: (1) It is unlawful and a violation of this chapter for any person: . . . Fla.Stat. § 517.312(1) (Westlaw 1991). . . .

THE FLORIDA BAR, v. A. LEVINE,, 571 So. 2d 420 (Fla. 1990)

. . . of organized fraud and the unlawful operation of boiler rooms in violation of sections 817.034 and 517.312 . . .

COMMODITY FUTURES TRADING COMMISSION, v. AMERICAN METAL EXCHANGE CORP. F. C. M. a k a, 693 F. Supp. 168 (D.N.J. 1988)

. . . . §§ 517.301(1), 517.312(l)(a) and (b), and 517.275, is sufficient to allow plaintiffs to file their . . .