Legend Disclosure Requirements

Rulemaking Status: 

Since the adoption of the current rule regarding cover legend requirements for certificates documenting restricted securities in Washington, the North American Securities Administrators Association (“NASAA”) has updated its guidelines regarding cover legends for restricted securities. The Securities Division is considering amending the rule to remove a reference to the prior, outdated NASAA guideline regarding cover legends. A copy of the Preproposal Statement of Inquiry (Form CR-101) to be published in the Washington State Register at 14-24-069 is linked below.

Rulemaking Documents


If you have any questions or comments, please contact Faith Anderson at (360) 725-7825 or by email at faith.anderson@dfi.wa.gov.