Chapter 1

Authority & Purpose

Section 1.Authority and Statement of Purpose. These rules are promulgated pursuant to Wyoming Statute §17-4-605 of the Wyoming Uniform Securities Act ("Act"). The purpose of the Act is to protect Wyoming investors through a prohibition against fraud in the offers and sales of securities; the registration and exemption of securities; the registration of agents of brokers and issuers who sell securities, and the registration of investment advisers and investment adviser representatives who recommend the purchase and sale of securities. The Secretary of State is establishing these rules to comply with the Act.