(a) Except as otherwise provided in subsection (b), a rule or order under this chapter may require the filing of a prospectus, pamphlet, circular, form letter, advertisement, sales literature, or other advertising communication relating to a security or investment advice, addressed or intended for distribution to prospective investors, including clients or prospective clients of a person registered or required to be registered as an investment adviser under this chapter.\n(b) This section does not apply to sales and advertising literature specified in subsection (a) relating to a federal covered security, a federal covered investment adviser, or a security or transaction exempted by section 611, 612, or 613 except as required pursuant to section 611(7).
U.S. Virgin Islands Legal Code
654
U.S. Virgin Islands § 654 — U.S. Virgin Islands law