For purposes of this section, the following persons shall not be deemed to have effected, participated in, or aided the seller in any way in making, a sale or contract of sale in violation of sections 1707.01 to 1707.45 of the Revised Code:
(A) Any attorney, accountant, or engineer whose performance is incidental to the practice of the person's profession;
(B) Any person, other than an investment adviser, investment adviser representative, bureau of workers' compensation chief investment officer, or state retirement system investment officer, who brings any issuer together with any potential investor, without receiving, directly or indirectly, a commission, fee, or other remuneration based on the sale of any securities by the issuer to the investor. Remuneration received by the person solely for the purpose of offsetting the reasonable out-of-pocket costs incurred by the person shall not be deemed a commission, fee, or other remuneration.
Any person claiming exemption under this division for a publicly advertised meeting shall file a notice with the division of securities indicating an intent to cause or hold such a meeting at least twenty-one days prior to the meeting. The division may, upon receipt of such notice, issue an order denying the availability of an exemption under this division not more than fourteen days after receipt of the notice based on a finding that the applicant is not entitled to the exemption. Notwithstanding the notice described in this section, a failure to file the notice does not create a presumption that a person was participating in or aiding in the making of a sale or contract of sale in violation of this chapter.
(C) Any person whom the division exempts from this provision by rule.
Effective Date: 03-18-1999; 09-15-2004; 09-29-2005Section: Previous 1707.38 1707.39 1707.391 1707.40 1707.41 1707.42 1707.43 1707.431 1707.432-to-1707.439 1707.44 1707.45 1707.46 1707.47 1707.48 1707.99 Next
Last modified: October 10, 2016