Section R331-5-1 - Authority, Scope and Purpose(1) This rule is issued pursuant to Sections 7-1-301(13) and 7-1-503.(2) This rule governs the issuance, offer, offer to sell, offer for sale or sale of any security issued by a person or institution under the jurisdiction of the Department of Financial Institutions.(3) The rule establishes uniform rules for securities offerings applicable to all persons and institutions subject to the jurisdiction of the department and minimum standards of disclosure to protect the public interest.Utah Admin. Code R331-5-1