Iowa Code § 502.204 (2026)

1. Enforcement-related powers. Except with respect to a federal covered security or a transaction involving a federal covered security, an order under this chapter may deny, suspend application of, condition, limit, or revoke an exemption created under section 502.201, subsection 3, paragraph “c”, or subsection 7, 8A, or 8B, or section 502.202, or an exemption or waiver created under section 502.203 with respect to a specific security, transaction, or offer. An order under this section may be issued only pursuant to the procedures in section 502.306, subsection 4, or section 502.604, and only prospectively.

2. Knowledge of order required. A person does not violate section 502.301, 502.303 through 502.306, 502.504, or 502.510 by an offer to sell, offer to purchase, sale, or purchase effected after the entry of an order issued under this section if the person did not know, and in the exercise of reasonable care could not have known, of the order. [C31, 35, §8581-c4; C39, §8581.04; C46, 50, 54, 58, 62, 66, 71, 73, 75, §502.4(5); C77, 79, 81, §502.204] 2004 Acts, ch 1161, §8, 68; 2005 Acts, ch 19, §75 Referred to in §502.201, 502.604\n\n 502.205 through 502.207A Repealed by 2004 Acts, ch 1161, §63, 68. See §502.302 – 502.304A, 502.503. \n 502.207B Legislative review and oversight. Repealed by 2001 Acts, ch 118, §58. \n 502.208 and 502.209 Repealed by 2004 Acts, ch 1161, §63, 68. See §502.305, 502.306. \n 502.210 Reserved. \n 502.211 through 502.218 Repealed by 2004 Acts, ch 1161, §63, 68. See §502.321B – 502.321I. \n Tue Dec 09 22:06:24 2025 Iowa Code 2026, Chapter 502 (62, 1) 17 UNIFORM SECURITIES ACT (BLUE SKY LAW), §502.302\n\n 502.219 through 502.300 Reserved.\n\n ARTICLE 3 REGISTRATION OF SECURITIES AND NOTICE FILING OF FEDERAL COVERED SECURITIES \n