{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2026\/code-json\/13.1-515.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2026\/code-text\/13.1-515.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2026\/code-xml\/13.1-515.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2026\/code-html\/13.1-515.html"}],"law_id":346650,"edition_id":2,"section_id":346650,"structure_id":49775,"section_number":"13.1-515","catch_line":"Advertising","history":"1956, c. 428; 1987, c. 678; 1997, c. 279.","full_text":"The Commission may require, subject to the limitations of \u00a7 222 of the Investment Advisers Act of 1940, in any particular case, any person who has published or circulated any advertisement or sales literature regarding a security, other than a federal covered security as defined in \u00a7 18(b)(2) of the Securities Act of 1933, or an investment advisory service to file copies thereof with the Commission.\n\n","order_by":null,"text":{"0":{"id":1292703,"text":"The Commission may require, subject to the limitations of \u00a7 222 of the Investment Advisers Act of 1940, in any particular case, any person who has published or circulated any advertisement or sales literature regarding a security, other than a federal covered security as defined in \u00a7 18(b)(2) of the Securities Act of 1933, or an investment advisory service to file copies thereof with the Commission.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":49775,"edition_id":2,"name":"Miscellaneous","identifier":"5","label":"article","depth":3,"order_by":4,"parent_id":49770,"metadata":{"child_laws":21,"child_structures":0},"date_created":"2026-08-02 02:14:47","date_modified":"2026-08-02 12:29:07","permalink":{"id":1376879,"object_type":"structure","relational_id":49775,"identifier":"5","token":"13.1\/5\/5","url":"\/13.1\/5\/5\/","edition_id":2,"permalink":0,"preferred":1}},{"id":49770,"edition_id":2,"name":"Securities Act","identifier":"5","label":"chapter","depth":2,"order_by":3,"parent_id":49726,"metadata":{"child_laws":40,"child_structures":6},"date_created":"2026-08-02 02:14:45","date_modified":"2026-08-02 12:29:05","permalink":{"id":1376805,"object_type":"structure","relational_id":49770,"identifier":"5","token":"13.1\/5","url":"\/13.1\/5\/","edition_id":2,"permalink":0,"preferred":1}},{"id":49726,"edition_id":2,"name":"Corporations","identifier":"13.1","label":"title","depth":1,"order_by":44,"parent_id":null,"metadata":{"child_laws":894,"child_structures":104},"date_created":"2026-08-02 02:14:01","date_modified":"2026-08-02 12:29:04","permalink":{"id":1374495,"object_type":"structure","relational_id":49726,"identifier":"13.1","token":"13.1","url":"\/13.1\/","edition_id":2,"permalink":0,"preferred":1}}],"structure_contents":[{"id":346649,"structure_id":49775,"section_number":"13.1-514","catch_line":"Exemptions","url":"\/13.1-514\/","token":"13.1\/5\/5\/13.1-514","metadata":false},{"id":346647,"structure_id":49775,"section_number":"13.1-514.1","catch_line":"Exemption of certain securities by order of Commission","url":"\/13.1-514.1\/","token":"13.1\/5\/5\/13.1-514.1","metadata":false},{"id":346648,"structure_id":49775,"section_number":"13.1-514.2","catch_line":"Primacy of Virginia law to be maintained","url":"\/13.1-514.2\/","token":"13.1\/5\/5\/13.1-514.2","metadata":false},{"id":346650,"structure_id":49775,"section_number":"13.1-515","catch_line":"Advertising","url":"\/13.1-515\/","token":"13.1\/5\/5\/13.1-515","metadata":{"court_decisions":""}},{"id":346651,"structure_id":49775,"section_number":"13.1-516","catch_line":"Misleading filings","url":"\/13.1-516\/","token":"13.1\/5\/5\/13.1-516","metadata":false},{"id":346652,"structure_id":49775,"section_number":"13.1-517","catch_line":"Consent to service of process","url":"\/13.1-517\/","token":"13.1\/5\/5\/13.1-517","metadata":false},{"id":346654,"structure_id":49775,"section_number":"13.1-518","catch_line":"Investigations; confidentiality of information and documents","url":"\/13.1-518\/","token":"13.1\/5\/5\/13.1-518","metadata":false},{"id":346653,"structure_id":49775,"section_number":"13.1-518.1","catch_line":"Broker-dealers and investment advisors to file certain reports with Commission","url":"\/13.1-518.1\/","token":"13.1\/5\/5\/13.1-518.1","metadata":false},{"id":346655,"structure_id":49775,"section_number":"13.1-519","catch_line":"Injunctions","url":"\/13.1-519\/","token":"13.1\/5\/5\/13.1-519","metadata":false},{"id":346657,"structure_id":49775,"section_number":"13.1-520","catch_line":"Crimes","url":"\/13.1-520\/","token":"13.1\/5\/5\/13.1-520","metadata":false},{"id":346656,"structure_id":49775,"section_number":"13.1-520.1","catch_line":"Commission may transmit record or complaint to locality where violation occurred","url":"\/13.1-520.1\/","token":"13.1\/5\/5\/13.1-520.1","metadata":false},{"id":346658,"structure_id":49775,"section_number":"13.1-521","catch_line":"Violations punishable by the Commission","url":"\/13.1-521\/","token":"13.1\/5\/5\/13.1-521","metadata":false},{"id":346659,"structure_id":49775,"section_number":"13.1-522","catch_line":"Civil liabilities","url":"\/13.1-522\/","token":"13.1\/5\/5\/13.1-522","metadata":false},{"id":346661,"structure_id":49775,"section_number":"13.1-523","catch_line":"Rules and forms","url":"\/13.1-523\/","token":"13.1\/5\/5\/13.1-523","metadata":false},{"id":346660,"structure_id":49775,"section_number":"13.1-523.1","catch_line":"Commission authority to regulate securities and investment advisory activities","url":"\/13.1-523.1\/","token":"13.1\/5\/5\/13.1-523.1","metadata":false},{"id":346662,"structure_id":49775,"section_number":"13.1-524","catch_line":"Certain records of Commission available to public; admissibility of copies; destruction","url":"\/13.1-524\/","token":"13.1\/5\/5\/13.1-524","metadata":false},{"id":346664,"structure_id":49775,"section_number":"13.1-525","catch_line":"Official interpretations","url":"\/13.1-525\/","token":"13.1\/5\/5\/13.1-525","metadata":false},{"id":346663,"structure_id":49775,"section_number":"13.1-525.1","catch_line":"Fees to cover expense of regulation","url":"\/13.1-525.1\/","token":"13.1\/5\/5\/13.1-525.1","metadata":false},{"id":346665,"structure_id":49775,"section_number":"13.1-526","catch_line":"Transition","url":"\/13.1-526\/","token":"13.1\/5\/5\/13.1-526","metadata":{"court_decisions":{"0":{"name":"Trigon Insurance v. United States","case_number":"3:00cv365","citation":"215 F. Supp. 2d 687","date":"2002-08-09","url":"https:\/\/www.courtlistener.com\/opinion\/2503699\/trigon-insurance-v-united-states\/","abstract":" .\u202f.\u202f. 215 F.Supp.2d 687 (2002) .\u202f.\u202f. ","court_html":"District Court, E.D. Virginia"}}}},{"id":346670,"structure_id":49775,"section_number":"13.1-527","catch_line":"Short title","url":"\/13.1-527\/","token":"13.1\/5\/5\/13.1-527","metadata":false},{"id":346666,"structure_id":49775,"section_number":"13.1-527.01","catch_line":"Repealed","url":"\/13.1-527.01\/","token":"13.1\/5\/5\/13.1-527.01","metadata":false}],"previous_section":{"id":346648,"structure_id":49775,"section_number":"13.1-514.2","catch_line":"Primacy of Virginia law to be maintained","url":"\/13.1-514.2\/","token":"13.1\/5\/5\/13.1-514.2","metadata":false},"next_section":{"id":346651,"structure_id":49775,"section_number":"13.1-516","catch_line":"Misleading filings","url":"\/13.1-516\/","token":"13.1\/5\/5\/13.1-516","metadata":false},"metadata":{"court_decisions":""},"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/13.1-515\/","history_text":"<p>This law was first created in 1956. The record of its establishment is cataloged in chapter 428 of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year. Unfortunately, the 1956 \u201cActs\u201d aren\u2019t available online. It has been modified 2 times. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. Those modifications are as follows: in 1987, chapter 678; in 1997, chapter <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?971+ful+CHAP0279\">279<\/a>.<\/p>","references":false,"refers_to":false,"permalink":{"id":1376893,"object_type":"law","relational_id":346650,"identifier":"13.1-515","token":"13.1\/5\/5\/13.1-515","url":"\/13.1-515\/","edition_id":2,"permalink":0,"preferred":1},"url":"\/13.1-515\/","token":"13.1\/5\/5\/13.1-515","dublin_core":{"Title":"Advertising","Type":"Text","Format":"text\/html","Identifier":"\u00a7 13.1-515","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section><p>The Commission may require, subject to the limitations of \u00a7&nbsp;222 of the Investment Advisers Act of 1940, in any particular case, any person who has published or circulated any advertisement or sales literature regarding a security, other than a federal covered security as defined in \u00a7&nbsp;18(b)(2) of the Securities Act of 1933, or an investment advisory service to file copies thereof with the Commission.<\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nADVERTISING (\u00a7 13.1-515)\n\nThe Commission may require, subject to the limitations of \u00a7 222 of the\nInvestment Advisers Act of 1940, in any particular case, any person who has\npublished or circulated any advertisement or sales literature regarding a\nsecurity, other than a federal covered security as defined in \u00a7 18(b)(2) of the\nSecurities Act of 1933, or an investment advisory service to file copies thereof\nwith the Commission.\n\nHISTORY: 1956, c. 428; 1987, c. 678; 1997, c. 279.","edition":{"id":2,"name":"2026","slug":"2026","date_created":"2026-07-16 18:40:23","date_modified":"2026-08-02 15:14:36","current":1,"order_by":2,"last_import":"2026-08-02 12:37:30"}}