Ohio Revised Code Chapter 1707 - Securities

• Section 1707.01 - Securities Definitions.
  As used in this chapter: (A) Whenever the context requires it, "division" or "division of securities" may be read as "director of commerce" or...
• Section 1707.02 - Exempt Securities.
  (A) "Exempt," as used in this section, means exempt from sections 1707.08 to 1707.11 and 1707.39 of the Revised Code. (B) (1) Except as...
• Section 1707.03 - Exempt Transactions.
  (A) As used in this section, "exempt" means that, except in the case of securities the right to buy, sell, or deal in which...
• Section 1707.04 - Issuance Of Securities In Reorganizations.
  (A) The division of securities may consider and conduct hearings upon any plan of reorganization, recapitalization, or refinancing of a corporation organized under the...
• Section 1707.041 - Control Bids Made Pursuant To Tender Offer Or Request Or Invitation For Tenders.
  (A) (1) No control bid for any securities of a subject company shall be made pursuant to a tender offer or request or invitation...
• Section 1707.042 - Prohibited Acts Relating To Control Bids.
  (A) No person who makes or opposes a control bid to offerees in this state shall knowingly do any of the following: (1) Make...
• Section 1707.043 - Preventing Manipulative Practices.
  (A) For the purpose of preventing manipulative practices by a person who makes a proposal, or publicly discloses the intention or possibility of making...
• Section 1707.05 - [Repealed].
  Effective Date: 10-08-2001
• Section 1707.06 - Transactions Requiring Registration.
  (A) The following transactions in securities may be carried out upon compliance with sections 1707.08 and 1707.11 of the Revised Code: (1) The sale...
• Section 1707.07 - [Repealed].
  Effective Date: 10-08-2001
• Section 1707.08 - Registration By Description.
  (A) The transactions enumerated in section 1707.06 of the Revised Code may be consummated on compliance with this section and section 1707.11 of the...
• Section 1707.09 - Registration By Qualification.
  (A) (1) All securities, except those enumerated in section 1707.02 of the Revised Code and those that are the subject matter of a transaction...
• Section 1707.091 - Registration By Coordination.
  (A) Any security for which a registration statement has been filed pursuant to section 6 of the Securities Act of 1933 or for which...
• Section 1707.092 - Notice Filings.
  (A) For the purposes of selling securities in this state, except securities that are the subject matter of transactions enumerated in section 1707.03 of...
• Section 1707.093 - Electronic Filings.
  Notwithstanding any provision of Chapter 1707. of the Revised Code, or any rule adopted by the division of securities under that chapter, requiring a...
• Section 1707.10 - Provisional Registration By Qualification.
  Any securities required by sections 1707.01 to 1707.45, inclusive, of the Revised Code, to be registered by qualification before being sold in this state...
• Section 1707.11 - Consent To Service.
  (A) Each person that is not organized under the laws of this state, that is not licensed under section 1703.03 of the Revised Code,...
• Section 1707.12 - Documents Open To Inspection.
  (A) Except for offering materials filed with the division of securities in connection with exempt transactions under divisions (Q) and (W) of section 1707.03...
• Section 1707.13 - Suspension And Revocation Of Registration.
  The division of securities may suspend the registration by description or by qualification of any securities, or the right of any dealers or of...
• Section 1707.131 - Refusing Registration.
  (A) For purposes of this section, "five per cent shareholder" means a beneficial owner of five per cent or more of the issuer's outstanding...
• Section 1707.14 - Dealer's License.
  (A) No person shall act as a dealer, unless the person is licensed as a dealer by the division of securities, except when at...
• Section 1707.141 - Investment Adviser's License Required - Exceptions - Notice Filing Requirement.
  (A) No person shall act as an investment adviser, unless one of the following applies: (1) The person is licensed as an investment adviser...
• Section 1707.142 - Compliance With Federal Laws - Federal Documents To Be Filed With Division.
  (A) Every dealer required to be licensed under section 1707.14 of the Revised Code shall comply with all broker and dealer capital, custody, margin,...
• Section 1707.15 - Applying For Dealer's License.
  (A) Application for a dealer's license shall be made in accordance with this section and by filing with the division of securities the information,...
• Section 1707.151 - Application For And Issuance Of Investment Adviser's License.
  (A) Application for an investment adviser's license shall be made in accordance with this section and by filing with the division of securities the...
• Section 1707.16 - Application For And Issuance Of Salesperson's License.
  (A) Every salesperson of securities must be licensed by the division of securities and shall be employed, authorized, or appointed only by the licensed...
• Section 1707.161 - Investment Adviser Representative's License Required - Exceptions - Application For And Issuance Of Investment Adviser Representative's License.
  (A) No person shall act as an investment adviser representative, unless one of the following applies: (1) The person is licensed as an investment...
• Section 1707.162 - State Retirement System Investment Adviser License Required.
  (A) No person shall act as a state retirement system investment officer unless the person is licensed as a state retirement system investment officer...
• Section 1707.163 - Application For And Issuance Of State Retirement System Investment Adviser License.
  (A) Application for a state retirement system investment officer's license shall be made in accordance with this section by filing with the division of...
• Section 1707.164 - Bureau Chief Investment Officer - Securities License Required.
  (A) No person shall act as a bureau of workers' compensation chief investment officer unless the person is licensed as a bureau of workers'...
• Section 1707.165 - Application For Bureau Chief Investment Officer - Investigation - Examination.
  (A) Application for a bureau of workers' compensation chief investment officer's license shall be made in accordance with this section by filing with the...
• Section 1707.17 - Renewal - License Fees.
  (A) (1) The license of every dealer in and salesperson of securities shall expire on the thirty-first day of December of each year, and...
• Section 1707.18 - Application For Transfer Of License.
  (A) (1) If a partnership licensed as a dealer is terminated under the laws of the state where the partnership is organized, or by...
• Section 1707.19 - Refusal, Suspension, And Revocation Of License.
  (A) An original license, or a renewal thereof, applied for by a dealer or salesperson of securities, or by an investment adviser, investment adviser...
• Section 1707.20 - Adopting, Amending, And Rescinding Rules, Forms, And Orders.
  (A) (1) The division of securities may adopt, amend, and rescind such rules, forms, and orders as are necessary to carry out sections 1707.01...
• Section 1707.201 - Federal Provisions.
  Notwithstanding any provision of the Revised Code, if the "Securities Act of 1933," the "Securities Exchange Act of 1934," the "Investment Company Act of...
• Section 1707.21 - Registration Statement May Be Filed With Securities And Exchange Commission.
  In so far as any information required to be filed with the division of securities under sections 1707.01 to 1707.45, inclusive, of the Revised...
• Section 1707.22 - Appeals - Effect Of Order.
  Whenever a dealer's, salesperson's, investment adviser's, investment adviser representative's, bureau of workers' compensation chief investment officer's, or state retirement system investment officer's license has...
• Section 1707.23 - Division Of Securities - Enforcement Powers.
  Whenever it appears to the division of securities, from its files, upon complaint, or otherwise, that any person has engaged in, is engaged in,...
• Section 1707.24 - Contempt Proceedings.
  In case any person fails to file any statement or report, to obey any subpoena, to give testimony, to answer questions, or to produce...
• Section 1707.25 - Injunction Against Issuance, Sale, Acting As An Investment Adviser Or Acting As An Investment Adviser Representative.
  In case any person fails to file any statement or report required by sections 1707.01 to 1707.45 of the Revised Code, to obey any...
• Section 1707.26 - Injunction Against Violations.
  Whenever it appears to the division of securities, upon complaint or otherwise, that any person has engaged in, is engaging in, or is about...
• Section 1707.261 - Director's Request For Restitution Or Rescission.
  (A) If a court of common pleas grants an injunction pursuant to section 1707.26 of the Revised Code, after consultation with the attorney general...
• Section 1707.27 - Appointment Of Receiver.
  If the court of common pleas is satisfied with the sufficiency of the application for a receivership, and of the sufficiency of the proof...
• Section 1707.28 - Statute Of Limitations.
  No prosecution or action by the division of securities or the director of commerce for a violation of any provision of sections 1707.01 to...
• Section 1707.29 - Presumption Of Knowledge.
  In any prosecution brought under sections 1707.01 to 1707.45 of the Revised Code, except prosecutions brought for violation of division (A) of section 1707.042...
• Section 1707.30 - Certificate Of Division As Evidence.
  In any prosecution, action, or proceeding based upon sections 1707.01 to 1707.45, inclusive, of the Revised Code, a certificate signed by the division of...
• Section 1707.31 - Certified Copies As Evidence.
  Copies of any statement and documents filed in the office of the division of securities and of any records of the division, if such...
• Section 1707.32 - Insurance Securities.
  If an issuer of securities is incorporated or organized to make any insurance named in Title XXXIX[39] of the Revised Code, the superintendent of...
• Section 1707.33, 1707.331 - [Repealed].
  Effective Date: 09-11-1985
• Section 1707.34 - Warehouse Receipts For Intoxicating Liquor.
  (A) Sections 1707.01 to 1707.45 of the Revised Code do not apply to the sale of warehouse receipts for intoxicating liquor to distillers, to...
• Section 1707.35 - Securities Authorized Before July 22, 1929.
  All securities which were "certificated" by the division of securities before July 22, 1929, are, if the "certification" remained unrevoked on such date, qualified...
• Section 1707.36 - Attorney-inspector - Control-bid Attorneys.
  (A) There is hereby created in the division of securities a position to be known as attorney-inspector, which shall be held only by an...
• Section 1707.37 - Division Of Securities Fund.
  (A) All fees and charges collected under this chapter shall be paid into the state treasury to the credit of the division of securities...
• Section 1707.38 - Effect Of Violation On Validity Of Security.
  The issuance or sale of any security in violation of sections 1707.01 to 1707.45, inclusive, of the Revised Code, does not invalidate such security;...
• Section 1707.39 - Qualification Of Securities Sold Without Compliance.
  When any securities have been sold without compliance with sections 1707.01 to 1707.45 of the Revised Code, or any former law in force at...
• Section 1707.391 - Late Applications.
  When any securities have been sold in reliance upon division (Q), (W), (X), or (Y) of section 1707.03 of the Revised Code, section 1707.08...
• Section 1707.40 - Civil Liabilities.
  Except as provided in section 1707.261 of the Revised Code, sections 1707.01 to 1707.45 of the Revised Code create no new civil liabilities, and...
• Section 1707.41 - Civil Liability Of Seller For Fraud.
  (A) In addition to the other liabilities imposed by law, any person that, by a written or printed circular, prospectus, or advertisement, offers any...
• Section 1707.42 - Civil Liability Of Adviser.
  (A) Whoever, with intent to secure financial gain to self, advises and procures any person to purchase any security, and receives any commission or...
• Section 1707.43 - Remedies Of Purchaser In Unlawful Sale.
  (A) Subject to divisions (B) and (C) of this section, every sale or contract for sale made in violation of Chapter 1707. of the...
• Section 1707.431 - Claiming Exemption For Publicly Advertised Meeting.
  For purposes of this section, the following persons shall not be deemed to have effected, participated in, or aided the seller in any way...
• Section 1707.432 To 1707.439 - [Repealed].
  Effective Date: 10-05-2001
• Section 1707.44 - Prohibited Acts.
  (A) (1) No person shall engage in any act or practice that violates division (A), (B), or (C) of section 1707.14 of the Revised...
• Section 1707.45 - Burden Of Proof.
  In any indictment, complaint, or information under section 1707.44 of the Revised Code, it shall not be necessary to negative the existence of facts...
• Section 1707.46 - Duties Of Commissioner Of Securities.
  The principal executive officer of the division of securities shall be the commissioner of securities, who shall be appointed by the director of commerce....
• Section 1707.47 - [Repealed].
  Effective Date: 10-11-1994
• Section 1707.48 - Division Of Securities To Retain Documents And Records Or Copies.
  The division of securities shall retain the originals or copies of all documents filed with the division pertaining to registration by description, qualification, or...
• Section 1707.99 - Penalty.
  Whoever commits any act described in division (A) of section 1707.042 or section 1707.44 of the Revised Code is guilty of a violation of...

Last modified: October 10, 2016