The 2023 Florida Statutes (including Special Session C)

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

Chapter 517
SECURITIES TRANSACTIONS

View Entire Chapter

F.S. 517.211

517.211 Remedies available in cases of unlawful sale.—

(1) Every sale made in violation of either s. 517.07 or s. 517.12(1), (3), (4), (8), (10), (12), (15), or (17) may be rescinded at the election of the purchaser, except a sale made in violation of the provisions of s. 517.1202(3) relating to a renewal of a branch office notification shall not be subject to this section, and a sale made in violation of the provisions of s. 517.12(12) relating to filing a change of address amendment shall not be subject to this section. Each person making the sale and every director, officer, partner, or agent of or for the seller, if the director, officer, partner, or agent has personally participated or aided in making the sale, is jointly and severally liable to the purchaser in an action for rescission, if the purchaser still owns the security, or for damages, if the purchaser has sold the security. No purchaser otherwise entitled will have the benefit of this subsection who has refused or failed, within 30 days of receipt, to accept an offer made in writing by the seller, if the purchaser has not sold the security, to take back the security in question and to refund the full amount paid by the purchaser or, if the purchaser has sold the security, to pay the purchaser an amount equal to the difference between the amount paid for the security and the amount received by the purchaser on the sale of the security, together, in either case, with interest on the full amount paid for the security by the purchaser at the legal rate, pursuant to s. 55.03, for the period from the date of payment by the purchaser to the date of repayment, less the amount of any income received by the purchaser on the security.

(2) Any person purchasing or selling a security in violation of s. 517.301, and every director, officer, partner, or agent of or for the purchaser or seller, if the director, officer, partner, or agent has personally participated or aided in making the sale or purchase, is jointly and severally liable to the person selling the security to or purchasing the security from such person in an action for rescission, if the plaintiff still owns the security, or for damages, if the plaintiff has sold the security.

(3) In an action for rescission:

(a) A purchaser may recover the consideration paid for the security or investment, plus interest thereon at the legal rate, less the amount of any income received by the purchaser on the security or investment upon tender of the security or investment.

(b) A seller may recover the security upon tender of the consideration paid for the security, plus interest at the legal rate, less the amount of any income received by the defendant on the security.

(4) In an action for damages brought by a purchaser of a security or investment, the plaintiff shall recover an amount equal to the difference between:

(a) The consideration paid for the security or investment, plus interest thereon at the legal rate from the date of purchase; and

(b) The value of the security or investment at the time it was disposed of by the plaintiff, plus the amount of any income received on the security or investment by the plaintiff.

(5) In an action for damages brought by a seller of a security, the plaintiff shall recover an amount equal to the difference between:

(a) The value of the security at the time of the complaint, plus the amount of any income received by the defendant on the security; and

(b) The consideration received for the security, plus interest at the legal rate from the date of sale.

(6) In any action brought under this section, including an appeal, the court shall award reasonable attorneys’ fees to the prevailing party unless the court finds that the award of such fees would be unjust.

History.—s. 5, ch. 78-435; ss. 9, 15, ch. 79-381; s. 5, ch. 80-254; ss. 5, 6, ch. 81-115; ss. 2, 3, ch. 81-318; s. 3, ch. 83-265; s. 9, ch. 84-159; ss. 11, 14, 15, ch. 90-362; s. 4, ch. 91-429; s. 1, ch. 2000-123; s. 7, ch. 2013-202; s. 18, ch. 2023-205.

F.S. 517.211 on Google Scholar

F.S. 517.211 on Casetext

Amendments to 517.211

Arrestable Offenses / Crimes under Fla. Stat. 517.211

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

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 517.211.

Annotations, Discussions, Cases:

Cases from cite.case.law:

HONIG, a v. M. KORNFELD,, 339 F. Supp. 3d 1323 (S.D. Fla. 2018)

. . . . § 517.211 for the sale of unregistered securities, the FPCMs and Fund Offerings. . . . Stat. § 517.211 (referencing Fla. Stat. § 517.07 ). . . . Section 517.211(1) provides that: Each person making the sale and every director, officer, partner, or . . . Stat. § 517.211(1) ). Under Florida law, a security is defined as a "note," among other things. . . . Stat. § 517.211. B. Breach of Fiduciary Duty (Counts VII, VIII. . . .

J. P. MORGAN SECURITIES, LLC, v. GEVERAN INVESTMENTS LIMITED, L. P. LLC, GP, LLC, PCA LSG LLC, L. P. v. J. P. LLC, L. P. LLC, GP, LLC, PCA LSG LLC,, 224 So. 3d 316 (Fla. Dist. Ct. App. 2017)

. . . . § 517.211. . . . [the] seller.” § 517.211(2), Fla. Stat. . . . of or for the purchaser or seller.” § 517.211(2), Fla. . . . Rousseff established that parties liable under section 517.211 have to be directly involved in a sale . . . The Court was distinguishing liability under section 517.211 from liability under federal rule 10b-5, . . .

IN RE A. BAVELIS, A. v., 571 B.R. 278 (Bankr. S.D. Ohio 2017)

. . . . § 517.211, regarding the remedies available in cases of sales of securities that are unlawful because . . .

SINGH, v. INTERACTIVE BROKERS LLC, LLC, L. P. v. LLC, LLC,, 219 F. Supp. 3d 549 (E.D. Va. 2016)

. . . . §§ 517.12 & 517.211, and “Registration Violations of Virginia Blue Sky Laws,” Va. . . .

ALVAREZ, v. UNITED STATES, 207 F. Supp. 3d 1291 (M.D. Fla. 2016)

. . . . §§ 517.07, 517.211(1); 28 U.S.C. § 1346(b). . . .

NALASCO, v. BUCKMAN, BUCKMAN REID, INC., 171 So. 3d 759 (Fla. Dist. Ct. App. 2015)

. . . arbitrator also determined that Broker was liable for the Nalascos’ attorney’s fees, pursuant to section 517.211 . . . The Nalascos insist the trial court erred in applying Palma to a fee award under section 517.211. . . . time spent litigating the amount of fees has been applied to numerous fee statutes, including section 517.211 . . . Section 517.211, Florida Statutes, entitled "Remedies available in cases of unlawful sale,” provides, . . . fees to the prevailing party unless the court finds that the award of such fees would be unjust.” § 517.211 . . .

In A. BAVELIS, A. v., 773 F.3d 148 (6th Cir. 2014)

. . . . § 517.211(1). . . . Unlawful sales trigger the remedies set forth in § 517.211. . . . Stat. § 517.211(1). . . .

In A. BAVELIS, A. v., 773 F.3d 148 (6th Cir. 2014)

. . . . § 517.211(1). . . . Unlawful sales trigger the remedies set forth in § 517.211. . . . Stat. § 517.211(1). . . .

In A. BAVELIS, A. v., 490 B.R. 258 (Bankr. S.D. Ohio 2013)

. . . . § 517.211, regarding the remedies available in cases of sales of securities that are unlawful because . . .

RAUBVOGEL, M. Co. v. CREDIT SUISSE SECURITIES USA LLC,, 123 So. 3d 1155 (Fla. Dist. Ct. App. 2013)

. . . The appellants sought attorneys’ fees pursuant to section 517.211(6), Florida Statutes (2009), which . . .

S. ANWAR, v. FAIRFIELD GREENWICH LIMITED,, 891 F. Supp. 2d 548 (S.D.N.Y. 2012)

. . . alone alleges a violation of state securities fraud under Florida Statute §§ 517.301 (“§ 517.301”) and 517.211 . . .

MORGAN STANLEY CO. LLC, v. THE CORE FUND,, 884 F. Supp. 2d 1229 (M.D. Fla. 2012)

. . . In this case, the only basis through which the [ ] Fund could recover fees is through Section 517.211 . . . reserves its right to seek fees as a prevailing party from a court of competent jurisdiction under Section 517.211 . . . notice of its intention to seek attorney’s fees as a prevailing party under Florida Statute Section 517.211 . . . The statute Morgan Stanley cites in the conclusion’s second sentence, Section 517.211(6), entitles a . . . The second sentence is, if anything consequential, Morgan Stanley’s Section 517.211(6) notice. . . .

In NATIONAL CENTURY FINANCIAL ENTERPRISES, INC., 846 F. Supp. 2d 828 (S.D. Ohio 2012)

. . . . § 517.211(1) (“participated in or aided”); 815 Ill. Comp. . . .

EAGLETECH COMMUNICATIONS, INC. a v. BRYN MAWR INVESTMENT GROUP, INC. a k a a f k a a T. R. II, L. L. C. a a L. P. a L. P. LBC a k a LBC a S. A. J. E. a O a a L. P. a G. a a L. P. a a T. J., 79 So. 3d 855 (Fla. Dist. Ct. App. 2012)

. . . Section 517.211(2) creates a civil remedy for a violation of section 517.301: Any person purchasing or . . . if the plaintiff still owns the security, or for damages, if the plaintiff has sold the security. § 517.211 . . .

Dr. ARNOLD, v. A. McFALL,, 839 F. Supp. 2d 1281 (S.D. Fla. 2011)

. . . Rousseff, 537 So.2d 978, 981 (Fla.1989) (“Proof of loss causation is not mentioned in sections 517.211 . . . we hold that proof of loss causation is not required in a civil securities proceeding under sections 517.211 . . .

S. ANWAR, v. FAIRFIELD GREENWICH LIMITED,, 826 F. Supp. 2d 578 (S.D.N.Y. 2011)

. . . It operates, however, in conjunction with § 517.211 of the Florida statutes (“§ 517.211”), which contains . . . Liability under § 517.211 Independently, Almiron and Carrillo’s claims also fail because they have not . . . Section 517.211 provides that: Any person purchasing or selling a security in violation of [§ 517.301 . . . Stat. § 517.211. . . . “[F]or the remedies of [s]ection 517.211(2) to apply to a violation of 517.301, buyer/seller privity . . .

BAMERT, So D. LLC, v. PULTE HOME CORPORATION, a E. J., 445 F. App'x 256 (11th Cir. 2011)

. . . . § 517.211; (5) sale of securities by unregistered persons (state), in violation of Fla. . . . . § 517.211; (6) securities fraud (state), in violation of Fla. . . .

M. DURDEN, M. v. CITICORP TRUST BANK, FSB,, 763 F. Supp. 2d 1299 (M.D. Fla. 2011)

. . . Plaintiff brought his FSI-PA claim pursuant to Florida Statutes sections 517.301(l)(a) and 517.211(2) . . . Rousseff, 537 So.2d 978, 980-81 (Fla.1989) (per curiam) (explaining that section 517.211(2) provides . . . Section 517.211(6) provides that “[i]n any action brought under this section, including an appeal, the . . . See id.; see also Golub, 863 F.2d at 1521 (“The award of attorneys’ fees [under section 517.211(6) ] . . . Stat. § 517.211(6); Ivans v. . . .

E. RUSHING, v. WELLS FARGO BANK, N. A. N. A., 752 F. Supp. 2d 1254 (M.D. Fla. 2010)

. . . The remedy for a violation of Section 517.301 is contained in Florida Statutes Section 517.211(2) and . . . The Florida Supreme Court has stated that for the remedies of Section 517.211(2) to apply to a violation . . . Therefore, the buyer/seller privity required by Section 517.211 is not present. . . . July 27, 2010) (following the plain language of Section 517.211, which does not state that a “holder” . . . The County asserts that Rousseffs indication that Section 517.211(2) protects only buyers and sellers . . .

SEREFEX CORPORATION, v. HICKMAN HOLDINGS, LP, LLC, D, 695 F. Supp. 2d 1331 (M.D. Fla. 2010)

. . . . § 517.211. Whether an agency relationship exists is usually a question of fact. Rubin v. . . .

A. BACON, F. v. STIEFEL LABORATORIES, INC. a W. D. De S. N. LLP. a, 677 F. Supp. 2d 1331 (S.D. Fla. 2010)

. . . . § 517.211. . . . Stat. § 517.211(5). . . .

L. FRAZIER, R. V. M. W. P. E. A. LLC, LLC, v. DREYFUSS P. A. P. A., 14 So. 3d 1183 (Fla. Dist. Ct. App. 2009)

. . . Section 517.211(6), Florida Statutes (2007) provides: In any action brought under this section, including . . . Section 517.211(6), Fla. . . .

CLEMENT, v. D. LIPSON,, 999 So. 2d 1072 (Fla. Dist. Ct. App. 2008)

. . . Because both of these actions are predicated on a violation of section 517.211, Florida Statutes, Lipson . . .

RUBIN, v. Dr. GABAY,, 979 So. 2d 988 (Fla. Dist. Ct. App. 2008)

. . . Brian Rubin appeals a final judgment finding him liable for securities fraud as an agent under section 517.211 . . . Because there was no evidence to support liability under section 517.211, we reverse. . . . Section 517.211(2) imposes individual liability on: [a]ny person purchasing or selling a security in . . . Rubin fit no other category, Gabay had to prove that Rubin was an agent within the meaning of section 517.211 . . . Because Gabay failed to prove liability of Rubin under section 517.211(2), we reverse the final judgment . . .

KOSTOFF, v. FLEET SECURITIES, INC., 506 F. Supp. 2d 1150 (M.D. Fla. 2007)

. . . The Panel awarded Kostoff attorneys’ fees pursuant to § 517.211(6), Fla. . . . had the authority to make an award of attorney’s fees and appropriately determined that pursuant to § 517.211 . . . the Panel did not have the authority, this Court finds Plaintiff is entitled to fees pursuant to § 517.211 . . .

CARRAN, v. MORGAN, d b a a, 510 F. Supp. 2d 1053 (S.D. Fla. 2007)

. . . Florida Statute section 517.211(2). . . .

R. M. STARK CO. INC. L. v. NODDLE, U A, 941 So. 2d 401 (Fla. Dist. Ct. App. 2006)

. . . and- costs to the Maling Trust, asserting that they were the prevailing parties pursuant to section 517.211 . . . declaration of the prevailing party, the [Appellants] might be entitled to attorney’s fees pursuant to [§ 517.211 . . . Section 517.211(6), Florida Statutes, provides: "In any action brought under this section, including . . .

Z. APPELBAUM, v. FAYERMAN, 937 So. 2d 282 (Fla. Dist. Ct. App. 2006)

. . . alleged various legal theories of misconduct and requested an award of attorney’s fees under section 517.211 . . . He also sought attorney’s fees under section 517.211(6). . . . order denying attorney’s fees and remand to the circuit court for determination of fees under section 517.211 . . .

D. H. BLAIR CO. INC. E. D. H. Co. v. GOTTDIENER, D. H. J., 462 F.3d 95 (2d Cir. 2006)

. . . Stat. ch. 517.211. . . .

ENVIROCYCLE SOLUTIONS, INC. J. v. CARPET INN OF SARASOTA, INC. a k a, 933 So. 2d 1280 (Fla. Dist. Ct. App. 2006)

. . . Envirocycle does not contest Carpet Inn’s entitlement to “reasonable” attorney’s fees under section 517.211 . . .

DILLON, L. I. G. El A. A. D. D. S. P. A. v. AXXSYS INT L, INC. f. k. a. Co. M., 185 F. App'x 823 (11th Cir. 2006)

. . . Securities and Investor Protection Act (“FSIPA”) §§ 517.07, 517.211; (III) misrepresentations in connection . . . Stat. § 517.211(2) (2005); see also Fla. Stat. § 517.07(1) (2005). . . . First, in order to be in violation of § 517.211(2), one must be an officer, director, or agent of the . . . Securities and Investor Protection Act (“FSIPA”) §§ 517.07, 517.211. . . . Stat. 517.211(2) (2005). . (1) It is unlawful and a violation of this chapter for any person to sell . . .

WACHOVIA SECURITIES, LLC, f k a v. D. VOGEL F., 918 So. 2d 1004 (Fla. Dist. Ct. App. 2006)

. . . In support of this section, section 517.211 provides remedies, including the rescission of the sale and . . .

DILLON, v. AXXSYS INTERNATIONAL, INC., 385 F. Supp. 2d 1307 (M.D. Fla. 2005)

. . . Stat. § 517.211(2). Nichols v. . . . Fla.Stat. § 517.211(2). Thus, in order to be liable under Fla. . . . Section 9 of Chapter 79-381 splits former Section 517.211 into Sections 517.211(1) and (2), the former . . . ), Whigham must conform to the requirements of Section 517.211 and Nichols or fall. . . . Section 9 of Chapter 79-381 displays vividly the legislative revision of Section 517.211: 517.211 Remedies . . .

MUSOLINO, v. YESHIVA MACHZIKEI HADAS BELZ, a a N. C. a, 137 F. App'x 321 (11th Cir. 2005)

. . . . § 517.211(1). . . . Stat. § 517.211(1) with Fla. Stat. § 517.211(2). . . .

J. MOELLER, v. R. CASSEDY, Jr., 364 F. Supp. 2d 1340 (N.D. Fla. 2005)

. . . Smith Barney, Harris Upham & Co., Inc., 626 So.2d 969, 970 (Fla.2d Dist.Ct.App. 1993), § 517.211(6), . . . Section ‘517.211(6), Fla. . . .

CARMEN DeSOCIO, v. SONIC AUTOMOTIVE- U. S. HWY N d b a, 894 So. 2d 1064 (Fla. Dist. Ct. App. 2005)

. . . 1998), the plaintiff sued for securities violations and sought attorney’s fees pursuant to section 517.211 . . .

In S. SIMON, D. P. J. v. S., 311 B.R. 641 (Bankr. S.D. Fla. 2004)

. . . Protection Act and the Florida Securities Act and that the Debtor was liable to the Plaintiffs under Section 517.211 . . . Stat. §§ 517.07, 517.211, and 517.303. . . .

WIGHT, v. WIGHT,, 880 So. 2d 692 (Fla. Dist. Ct. App. 2004)

. . . 794 So.2d 649 (Fla. 2d DCA 2001) (involving arbitration award against securities dealer pursuant to § 517.211 . . .

COMPANIA DE ELABORADOS DE CAF El C. A. v. CARDINAL CAPITAL MANAGEMENT, INC., 401 F. Supp. 2d 1270 (S.D. Fla. 2003)

. . . Section 517.211, Florida Statutes, delineates available remedies for the unlawful sale of securities . . . Stat. § 517.211(2); Marcus v. . . . Rousseff, 537 So.2d 978, 981 (Fla.1989) (stating that Section 517.211 protects buyers and sellers of . . . Defendant contends that Plaintiffs’ failure to allege reliance on Section 517.211 is fatal to their cause . . . Stat. through the provisions of section 517.211, Fla. Stat. . . .

ROBERSON v. CHARLES SCHWAB CO. INC., 339 F. Supp. 2d 1337 (S.D. Fla. 2003)

. . . . § 517.211. Respondent Charles Schwab & Co., Inc. . . . Stat. §§ 517.211(6) and 682.11. . . . Stat. § 517.211(1). It is undisputed that Schwab is not “unregistered” under the Act. . . . STAT. § 517.211(1). . . .

KAHAN NOVOA v. SAFRA NATIONAL BANK OF NEW YORK,, 313 F. Supp. 2d 1347 (S.D. Fla. 2003)

. . . . §§ 517.301, 517.07, 517.211; Allen v. . . . 232 So.2d 200, 204 (Fla. 2d DCA 1970) (sales or offers for sale are not actionable under 517.07 and 517.211 . . .

ROGERS, M. D. v. CISCO SYSTEMS, INC., 268 F. Supp. 2d 1305 (N.D. Fla. 2003)

. . . See § 517.211-.311, Fla. Stat. . . .

SHIELDS COMPANY, s v. G. BRIGHT, s, 254 F. Supp. 2d 1253 (M.D. Fla. 2003)

. . . Because section 517.211 contains an express civil liability provision, Florida courts need fashion no . . . Section 517.211 says that if a seller (or buyer) is untruthful in a sale, the buyer (or seller) can rescind . . . The effect of section 517.211 is similar to that of federal section 12(2), except that whereas 12(2) . . . protects only buyers, section 517.211 protects both buyers and sellers. . . . That opinion does not purport to hold that the remedies provided in section 517.211 are exclusive of . . .

In INFOCURE SECURITIES LITIGATION. V. v. a M. D. v. a v. a v. a M. D. v. a v. LLP,, 210 F. Supp. 2d 1331 (N.D. Ga. 2002)

. . . Plaintiffs allege MM & M is liable under Section 517.211(2) which states: Any person in purchasing or . . . Ann. § 517.211(2) (West 1997). . . .

OLDE DISCOUNT CORPORATION, v. A. AMSEL,, 800 So. 2d 667 (Fla. Dist. Ct. App. 2001)

. . . Clearly, Chapter 517 is statutory policy and section 517.211(6), which allows recovery of attorney’s . . . Chapter 517.211(6), Florida Statutes, allows for attorney fees to the prevailing party. . . . .

PEREZ- ABREU, ZAMORA De La Fe, P. A. v. E. TARACIDO,, 790 So. 2d 1051 (Fla. 2001)

. . . third-party complaint against the Clients, asserting fraud; negligence; violations of sections 517.301 and 517.211 . . .

ROSATI v. BEKHOR,, 167 F. Supp. 2d 1340 (M.D. Fla. 2001)

. . . states, “The Panel finds that Respondents Cohen, Lee, Bekhor, and Island Securities violated Sections 517.211 . . . Under Florida Statute § 517.211(3)(b), (6), reasonable attorneys’ fees shall be awarded unless the court . . .

In GOLDBRONN, B. v., 263 B.R. 347 (Bankr. M.D. Fla. 2001)

. . . The claims relevant to this decision are the claims brought under Sections 517.211(6), 517.301(1)(a)( . . . plaintiff is entitled to attorney’s fees for services provided in the arbitration as provided by Section 517.211 . . .

B. MOSER, v. BARRON CHASE SECURITIES, INC., 783 So. 2d 231 (Fla. 2001)

. . . approved an award of fees where arbitration claims were filed under both the common law and under section 517.211 . . . the trial court ruled that such language was sufficient to authorize an award of fees under section 517.211 . . . Durham prevailed, “[t]his language [in the award] was sufficient to permit a fee award under section 517.211 . . . As previously mentioned, section 517.211(6) provides remedies, including the payment of attorney’s fees . . . Section 517.211(6), Florida Statutes (1997), provides: “In any action brought under this section, including . . .

SECURITIES, INC. v. ARON, 787 So. 2d 881 (Fla. Dist. Ct. App. 2001)

. . . court found that the Arons were entitled to attorney’s fees against NationsBanc pursuant to section 517.211 . . .

HILLIARD v. H. BLACK,, 125 F. Supp. 2d 1071 (N.D. Fla. 2000)

. . . Plaintiffs further allege that Plaintiffs are entitled to remedies pursuant to section 517.211, Florida . . . The definition of “seller” under section 517.211. . . . Farrior, Stallings & Evans, 725 F.Supp. 499, 500 (M.D.Fla.1989) (defendant may be liable under section 517.211 . . . Court determines that conduct sufficient to constitute solicitation for the purposes of satisfying § 517.211 . . . In interpreting the meaning of “solicits” in the context of section 517.211, Florida Statutes, courts . . .

LIBERTY SECURITIES CORPORATION, v. J. FETCHO,, 114 F. Supp. 2d 1319 (S.D. Fla. 2000)

. . . The Panel further found that the Plaintiff had violated Section 517.211 of the Act, entitling the Defendant . . . to render a definite award because its award only makes reference to one section of the Act, Section 517.211 . . . Thus, Plaintiff asserts, by finding that Liberty had only violated Section 517.211, the Panel failed . . . Defendant here requested that the Panel include the specific reference to Section 517.211 to preserve . . .

WMA SECURITIES, INC. v. WYNN,, 105 F. Supp. 2d 833 (S.D. Ohio 2000)

. . . that the arbitrators had authority to award attorney fees under the Florida securities laws, Section 517.211 . . .

J. BUEHLER, Jr. v. LTI INTERNATIONAL, INC. a n k a, 762 So. 2d 530 (Fla. Dist. Ct. App. 2000)

. . . However, we find merit in his second contention, conclude that section 517.211(6) is not involved in . . . LTI sought relief from this conduct through an award of attorney’s fees pursuant to section 517.211(6 . . . Thus, LTI’s counterclaim was not “brought under” section 517.211, and the language of section 517.211 . . . It found that a prevailing counterclaimant was not entitled to section 517.211 fees because chapter 517 . . . Section 517.211 is titled “Remedies available in cases of unlawful sale.” . . .

Dr. E. GARLAND R. v. ADVANCED MEDICAL FUND, L. P. II,, 86 F. Supp. 2d 1195 (N.D. Ga. 2000)

. . . . §§ 517.211(2) and 517.301; (4) rescission and rescissionary damages for violating §§ 517.211(2) and . . . Stat. §§ 517.211 and 517.301. . . .

PRICEWATERHOUSECOOPERS LLP v. CEDAR RESOURCES, INC., 761 So. 2d 1131 (Fla. Dist. Ct. App. 1999)

. . . See § 517.211, Fla. Stat. (1993) (providing remedies for violations of section 517.301). . . . .

JOSEPHTHAL LYON ROSS, INC. v. L. DURHAM,, 734 So. 2d 487 (Fla. Dist. Ct. App. 1999)

. . . Section 517.211(6), Florida Statutes (1995), provides: In any action brought under this section, including . . . This language was sufficient to permit a fee award under section 517.211(6). . . .

DAVIS v. KAMINSKY P. A. LTD., 734 So. 2d 476 (Fla. Dist. Ct. App. 1999)

. . . Appellees were the prevailing party in that suit within the meaning of section 517.211(6), Florida Statutes . . . 517 portions of that lawsuit, unless the court finds that “the award of such fees would be unjust.” § 517.211 . . .

BUTTERWORTH, v. QUICK REILLY, INC., 998 F. Supp. 1404 (M.D. Fla. 1998)

. . . Section 517.211 of the Florida Statutes states that: Every sale made in violation of either s. 517.07 . . . Section 517.12(13), the Defendant is entitled to summary judgment on the issue of recission under Section 517.211 . . .

PRUDENTIAL SECURITIES INCORPORATED, v. Dr. R. RUSKIN, W. RYAN, v. Dr. R. RUSKIN,, 707 So. 2d 782 (Fla. Dist. Ct. App. 1998)

. . . following arbitration, appeal the circuit court order denying attorney’s fees sought pursuant to section 517.211 . . . parties did not agree to submit to the arbitration panel the issue of attorney’s fees under section 517.211 . . . , Prudential and Ryan for the first time specifically requested attorney’s fees pursuant to section 517.211 . . . on attorney’s fees, and denied Prudential and Ryan’s request for attorney’s fees pursuant to section 517.211 . . . See § 517.211(6). However, citing Stockman v. . . .

GREAT WESTERN FINANCIAL SECURITIES CORPORATION, v. GRANDISON, 701 So. 2d 1202 (Fla. Dist. Ct. App. 1997)

. . . prospectus, as required by section 517.075, Florida Statutes (1995) and rescission, as set forth in section 517.211 . . .

BUTTERWORTH, v. QUICK REILLY, INC., 171 F.R.D. 319 (M.D. Fla. 1997)

. . . sellers of securities through this branch office are entitled to rescission or damages pursuant to § 517.211 . . .

KASHNER DAVIDSON SECURITIES CORPORATION, a v. N. DESROSIERS, 689 So. 2d 1106 (Fla. Dist. Ct. App. 1997)

. . . It entered judgment against them under section 517.211, Florida Statutes (1987), which provides the remedies . . . finding a violation of section 517.301, and imposing judgment based on the remedies set forth in section 517.211 . . .

A. MESHER, v. A. COMBS, H. a k a a a, 685 So. 2d 1391 (Fla. Dist. Ct. App. 1997)

. . . Pursuant to section 517.211, the trial court ordered rescission of the purchase, which included return . . . Subsection 517.211(2) imposes individual liability on persons participating or aiding in the sale of . . . See § 517.211(2); Whigham v. Muehl, 500 So.2d 1374, 1380 (Fla. 1st DCA 1987). . . .

H. BAILEY Ad v. TRENAM SIMMONS, KEMKER, SCHARF, BARKIN, FRYE O NEILL, P. A., 938 F. Supp. 825 (S.D. Fla. 1996)

. . . . § 517.211(1), (2). . . . F.S.A. § 517.211(1), (2). This Court addressed this very issue in In re Sahlen & Assoc., Inc. Sec. . . . 773 F.Supp. 342, 372 (S.D.Fla.1991) (Hoeveler, D.J.), holding that a “plaintiff may recover under § 517.211 . . . He “determine[d] that conduct sufficient to constitute solicitation for purposes § 517.211 liability . . . .2d 978 (Fla.) answer to certified question conformed to 867 F.2d 1281 (11th Cir.1989) (effect of § 517.211 . . .

McCUTCHEON, v. KIDDER, PEABODY COMPANY, INC., 938 F. Supp. 820 (S.D. Fla. 1996)

. . . excess of $1.4 million and recision pursuant to the Florida Securities and Investor Protection Act, § 517.211 . . .

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

. . . Fla.Stat. § 517.211(2). . . . Rousseff, 537 So.2d 978, 981 (Fla.1989) (“The effect of section 517.211 is similar to that of federal . . . Finally, this Court finds that there is no reason why a plaintiff proceeding under a 517.211 cause of . . . This Court sees no reason why a plaintiff proceeding under section 517.211 should be required to prove . . . Fla.Stat. § 517.211(3)(a). . . .

ROYAL ALLIANCE ASSOCIATES, INC. W. A. v. R. DAVIS, B. E. C. C. S. C. L. H., 897 F. Supp. 783 (S.D.N.Y. 1995)

. . . . § 517.211 (imposing liability for use of fraudulent device in a purchase or sale of security on “every . . .

A. DAVIS, v. PRUDENTIAL SECURITIES, INC. f k a A. DAVIS, v. PRUDENTIAL SECURITIES, INC. f k a, 59 F.3d 1186 (11th Cir. 1995)

. . . . § 517.211(6) (West 1988). . . .

B. IVANS B. v. McKID LIMITED,, 642 So. 2d 798 (Fla. Dist. Ct. App. 1994)

. . . Count II sought rescission, compensatory damages, interest, and attorneys’ fees pursuant to Section 517.211 . . . Pursuant to Section 517.211(6), Florida Statutes (1993), the trial court awarded the plaintiffs attorneys . . . Section 517.211(6), Florida Statutes (1993), provides as follows: “In any action brought under this section . . .

G. TWISS R. v. J. KURY, E. P. SANDERS, v. J. KURY, E. R. ADDONIZIO, v. J. KURY, E. B. MILLER, v. J. KURY, E. J. LAMKIN, v. J. KURY, E. O. STEFL A. v. J. KURY, E. M., 25 F.3d 1551 (11th Cir. 1994)

. . . Appellants do not rely on these provisions in sections 517.211 and 517.301(1) as the basis for their . . . That opinion does not purport to hold that the remedies provided in section 517.211 are exclusive of . . .

In CHECKERS SECURITIES LITIGATION, 858 F. Supp. 1168 (M.D. Fla. 1994)

. . . 5) alleges Negligent Misrepresentation against all Defendants; (6) alleges violation under Sections 517.211 . . . SECTIONS 517.211 AND 517.301 OF THE FLORIDA SECURITIES INVESTOR PROTECTION ACT (“FSI-PA”) The Florida . . . Individual Defendant’s Dis-positive Motion to Dismiss (Dkt. # 13) alleged violations under Sections 517.211 . . . Defendant KPMG Peat Marwick’s Dispositive Motion to Dismiss (Dkt. # 16) alleged violations of Sections 517.211 . . .

ARTHUR YOUNG COMPANY, n k a a v. MARINER CORPORATION, 630 So. 2d 1199 (Fla. Dist. Ct. App. 1994)

. . . We look first to the internal context of the word both within section 517.211 and in harmony with the . . . When we examine section 517.301, for which section 517.211 provides a remedy, it also fails to support . . . a literal application of the statutory definition of “agent” in section 517.211. . . . In interpreting section 517.211(2), the court in First Union Brokerage v. . . . These examples also illustrate that the use of the salesman definition of "agent” in section 517.211 . . .

J. EDELSTEIN, v. J. FLANAGAN, 630 So. 2d 1205 (Fla. Dist. Ct. App. 1994)

. . . required under section 517.12, Florida Statutes (1989), thus entitling him to rescission under section 517.211 . . .

P. SCHEURENBRAND L. E. S. Sr. R. A. v. WOOD GUNDY CORP., 8 F.3d 1547 (11th Cir. 1993)

. . . . §§ 517.07 and 517.081 (West 1988), and demand the concomitant right of rescission under section 517.211 . . . Section 517.211, which provides for rescissory damages, does not itself speak to whether proceedings . . . Rousseff, 537 So.2d 978, 981 (Fla.1989) (noting that remedies in § 517.211 are patterned on common law . . . Section 517.211(3) of FIPA provides that the amount recoverable in a rescission action by the purchaser . . . Fla.Stat.Ann. § 517.211(4). . . .

LEE, v. SMITH BARNEY, HARRIS UPHAM CO. INC. W., 626 So. 2d 969 (Fla. Dist. Ct. App. 1993)

. . . Smith Barney simultaneously requested fees in a separate motion filed pursuant to section 517.211(6), . . .

LEISURE FOUNDERS, INC. V. v. CUC INTERNATIONAL, INC. E., 833 F. Supp. 1562 (S.D. Fla. 1993)

. . . . § 517.211), violations of § 10(b) of the Securities and Exchange Act, 15 U.S.C. § 78j(b) and S.E.C. . . .

FIRST UNION DISCOUNT BROKERAGE SERVICES, INC. v. P. MILOS, P., 997 F.2d 835 (11th Cir. 1993)

. . . Section 517.211(1) provides that Every sale made in violation of ... s. 517.12 may be rescinded at the . . .

C. PALMER, v. SHEARSON LEHMAN HUTTON, INC. E. YOUNG, W. v. SHEARSON LEHMAN HUTTON, INC., 622 So. 2d 1085 (Fla. Dist. Ct. App. 1993)

. . . The portions of the statutes involved in Rousseff, subsections 517.211(2)-(5) and 517.301(1), Florida . . . Subsections 517.211(2)-(5) deal only with claims for rescission or damages due to a violation of paragraph . . . Appellants do not rely on these provisions in sections 517.211 and 517.301(1) as the basis for their . . . That opinion does not purport to hold that the remedies provided in section 517.211 are exclusive of . . . ruled that “proof of loss causation is not required in a civil securities proceeding under sections 517.211 . . .

BROWN v. RAUSCHER PIERCE REFSNES, INC. H., 994 F.2d 775 (11th Cir. 1993)

. . . . § 517.211. . . .

I. MARCUS, v. SHAPIRO, ABRAMSON SCHWIMMER, P. A. H., 620 So. 2d 1284 (Fla. Dist. Ct. App. 1993)

. . . A private right of action is found in section 517.211 which states: (2) Any person purchasing or selling . . . Section 517.211 is similar in effect to federal section 12(2) except that 12(2) protects buyers only . . . from untruthful sales, whereas section 517.211, protects both buyers and sellers. . . .

In ARBITRATION BETWEEN PRUDENTIAL- BACHE SECURITIES, INC. a A. DEPEW I., 814 F. Supp. 1081 (M.D. Fla. 1993)

. . . their complaint, the Depews requested attorneys’ fees for the 10b-5 allegations and pursuant to Section 517.211 . . .

In DREXEL BURNHAM LAMBERT GROUP INC., 148 B.R. 979 (Bankr. S.D.N.Y. 1992)

. . . Florida Claimants base their claim for pre-petition attorneys fees on § 517.211(6) of Florida’s “Blue . . . Act § 517.211(6) (emphasis added). . . .

T. HARRISON a v. DEAN WITTER REYNOLDS, INCORPORATED, a, 974 F.2d 873 (7th Cir. 1992)

. . . In Count XII Harrison did cite Fla.Stat. ch. 517.211 and 517.301, but, as in most of the other counts . . .

Al AINSWORTH, v. SKURNICK,, 960 F.2d 939 (11th Cir. 1992)

. . . Stat. ch. 517.211, which the arbitration panel failed to do. . . . that the violation of Fla.Stat. ch. 517.12 automatically triggers a damage award under Fla.Stat. ch. 517.211 . . . conclusion was reached in light of Fla.Stat. ch. 517.12 and the mandatory damages provision of Fla.Stat. ch. 517.211 . . . Skurnick violated chapter 517.12 and that Ainsworth is entitled to mandatory damages under chapter 517.211 . . .

BROWN v. RAUSCHER PIERCE REFSNES, INC. H., 796 F. Supp. 496 (M.D. Fla. 1992)

. . . . § 517.211. Defendants countered that Mr. . . . the amount of $54,108.78 owing to the claimant under the mandatory damages provision of Fla.Stat. § 517.211 . . . unless the person has been registered with the department pursuant to the provisions of this section. . 517.211 . . .

RAYMOND, JAMES ASSOCIATES, INC. v. D. WIENEKE M., 591 So. 2d 956 (Fla. Dist. Ct. App. 1991)

. . . The attorneys’ fees available under section 517.211(6), Florida Statutes (1987), clearly fall within . . . We note that the statutory authorization for fees in section 517.211(6) allows a trial court to deny . . . As a result of this holding, we conclude that the Wienekes’ successful claim under section 517.211(6) . . .

SKURNICK, v. Al AINSWORTH,, 591 So. 2d 904 (Fla. 1991)

. . . . § 517.211, which gives the purchaser the option of voiding the sale and instituting an action for rescission . . . This section must be read with section 517.211(1), Florida Statutes (1989), which provides, in pertinent . . . that section has been violated, damages are automatic in accordance with the provisions of section 517.211 . . .

STATE FARM FIRE CASUALTY COMPANY, v. J. PALMA,, 585 So. 2d 329 (Fla. Dist. Ct. App. 1991)

. . . contested judgment for attorneys’ fees in an action alleging the unlawful sale of securities under section 517.211 . . . interest in the award, we find the instant case distinguishable from Pirretti, which was based on section 517.211 . . .

In SAHLEN ASSOCIATES, INC. SECURITIES LITIGATION, 773 F. Supp. 342 (S.D. Fla. 1991)

. . . and § 517.301 of the Florida Securities and Investor Protection Act (“FSIPA”), Fla.Stat. §§ 517.211 . . . Contrasting the express civil liability provision of § 517.211 with the implied liability of Rule 10b . . . It requires no privity between buyer and seller____ [S]ection 517.211 ... . . . Section 517.211(2) provides a civil cause of action for Plaintiffs, as buyers of securities, against . . . Accordingly, this Court holds that a plaintiff may recover under § 517.211 from either (1) his seller . . .

BROWN v. RAUSCHER PIERCE REFSNES, INC. H., 765 F. Supp. 1082 (M.D. Fla. 1991)

. . . . §§ 517.12 and 517.211. . . .

PIRRETTI, v. DEAN WITTER REYNOLDS, INC., 578 So. 2d 474 (Fla. Dist. Ct. App. 1991)

. . . the prevailing defendants awarded in an action alleging the unlawful sale of securities under section 517.211 . . .

In ROSPATCH SECURITIES LITIGATION. ATLANTIS GROUP, INC. v. ROSPATCH CORPORATION, PLATO PAPER PRODUCTS, INC. v. ROSPATCH CORPORATION, ATCOVITZ, v. J. BEADLE, FREBERG, v. ROSPATCH CORPORATION,, 760 F. Supp. 1239 (W.D. Mich. 1991)

. . . . § 517.211 and not § 517.241(3). . . .

In U. S. OFFSHORE, INC. SEABULK OFFSHORE, LTD., 753 F. Supp. 86 (S.D.N.Y. 1990)

. . . . §§ 517.301, 517.211, which apparently permits recovery even absent loss causation and has nothing to . . .

TINWOOD N. V. v. SUN BANKS, INC., 570 So. 2d 955 (Fla. Dist. Ct. App. 1990)

. . . Rousseff, 537 So.2d 978 (Fla.1989) (§ 517.211 requires buyer/seller privity). . . .

J. KANE, J. P. A. J. F. J. P. A. v. SHEARSON LEHMAN HUTTON, INC. f k a, 916 F.2d 643 (11th Cir. 1990)

. . . . §§ 517.301 and 517.211 (1980) (count V); committed common-law fraud (count IV) and negligence (count . . . Measure of Damages Under Florida Securities Law Section 517.211 provides a remedy for violation of the . . . Fla.Stat. § 517.211(2)-(4). . . . The remedial effect of § 517.211 is similar to that of § 12(2) of the Securities Act of 1933. E.F. . . . Further, there is nothing in the language of § 517.211 to indicate that the Florida legislature intended . . .

KNIGHT, v. E. F. HUTTON AND CO. INC., 750 F. Supp. 1109 (M.D. Fla. 1990)

. . . Plaintiff cites Section 517.211(6) of the FIPA as support for an award of attorneys’ fees. . . . The Court assumes that Plaintiff was referring to Florida Statutes, § 517.211(6). . . . Plaintiff correctly quotes § 517.211(6): In any action brought under this section, including an appeal . . .

WILEY P. a v. HUGHES CAPITAL CORPORATION,, 746 F. Supp. 1264 (D.N.J. 1990)

. . . . § 517.211(1) (“Count Five”); Section 517.221(2) of the FISPA, Fla.Stat. . . . . § 517.211(2) (“Count Six”); Section 1962(b) of RICO, 18 U.S.C. § 1962(b) (“Count Seven”); and Section . . . Count Five asserts a claim based upon section 517.211(1) of the FISPA. Fla.Stat.Ann. § 517.211(1). . . . Count Six of the Complaint is based upon section 517.211(2) of the FISPA. Fla.Stat. . . . . § 517.211(2). . . .

Al AINSWORTH, v. SKURNICK,, 909 F.2d 456 (11th Cir. 1990)

. . . . § 517.211. . . . A violation of § 517.12 automatically triggers damages under Fla.Stat. § 517.211, which gives the purchaser . . . Florida Statute § 517.211 provides that “Every sale made in violation of either Section 517.07 or Section . . . 517.12 may be rescinded at the election of the purchasers;” F.S. § 517.211. . . . As stated earlier Fla.Stat. § 517.211 provides that every sale made in violation of Section 517.12 may . . .

FIRST UNION DISCOUNT BROKERAGE SERVICES, INC. v. P. MILOS P., 744 F. Supp. 1145 (S.D. Fla. 1990)

. . . . § 517.211(2), which operates upon Section 517.301, provides that: Any person purchasing or selling . . . As this Court previously held in Milos, 717 F.Supp. at 1524, “Section 517.211 expressly provides for . . . The remedies for violation of Section 517.12 are set forth in Fla.Stat. § 517.211 which authorizes rescission . . .