Discretionary or Managed Trading Accounts

​​​​​​​​​Statute: Wis. Stat. s. 551.203


Used for: Offers or sales of a discretionary or managed trading account involving discretion or management provided by a broker-­dealer or by an investment adviser registered in this state

Filing requirement: Self-executing. No filing or Consent to Service of Process is necessary to claim this exemption.


Conta​​ct Us

Phone: (608) 266-2139

Email: DFISecurities@dfi.wisconsin.gov​