Ohio Statutory Requirements And Related Administrative Rules For Offerings Download Free Print-Only PDF OR Purchase Interactive PDF Version of this Form
Ohio Statutory Requirements And Related Administrative Rules For Offerings Form. This is a Ohio form and can be use in Blue Sky Secretary Of State.
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Tags: Ohio Statutory Requirements And Related Administrative Rules For Offerings, D-DREQ, Ohio Secretary Of State, Blue Sky
Ohio Department of Commerce
Division of Securities
77 South High Street 22nd Floor
•
Columbus, OH 43215-6131
(614) 644-7381 FAX (614) 466-3316
www.securities.state.oh.us
Bob Taft
Governor
Lt. Governor Jennette Bradley
Director
Ohio Statutory Requirements and Related Administrative Rules for
Offerings under Rule 506 of Regulation D
Issuer Licensing Exception: Issuers, including officers, directors, managers, partners,
trustees and employees, selling the issuer's securities may not be required to be
licensed by the Ohio Division of Securities (''Division'') if no commissions, or other
compensation based on the sale of securities, are paid. See R.C. 1707.01(E)(1)(a).
Commissions: Commissions, or other compensation for the sale of securities in the
State of Ohio, may be paid only to dealers and salespersons licensed by the Division or
banks. See R.C. 1707.01(E), 1707.01(O),1707.14 and 1707.44(A).
Filing Requirements: A Form D must be filed with the Division within fifteen days of the
first sale in the state of Ohio. A check for $100.00 payable to the Ohio Division of Securities
must be included with the Form D. The filing should be sent to the Division's
address listed on the letterhead. Only issuers relying on Rule 506 of Regulation D may
file the Form D with the Division. No additional fees are required to file amendments to
the initial Form D filing. See R.C. 1707.03(X).
Consent to Service of Process: Out-of-state issuers must file a Form U-2 designating
the Secretary of State as its attorney for service in the state of Ohio. See R.C. 1707.11.
Late Filings: An additional $100.00 fee must be included with all late Form D filings. See
R.C. 1707.391 and Ohio Administrative Code 1301:6-3-391(F).
Burden of Proof: In any litigation, the burden of proof is on the party claiming the benefit of
any exemption under the Ohio Securities Act. See R.C. 1707.45.
The Ohio Securities Act and related administrative rules are available at
www.securities.state.oh.us under "Laws, Rules and Guidelines." The Form D and the
Form U-2 are also available under "Forms."
For additional questions, you may call Michael Miglets at (614) 644-7295 or Mark
Heuerman at (614) 644-9529. You may also request information by e-mail at
michael.miglets@com.state.oh.us or mark.heuerman@com.state.oh.us.
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