Section 1707.50 | Violations, Penalties, and Private Rights of Action.
Effective: March 31, 2021 Latest Legislation: House Bill 312 – 133rd General Assembly (A) As used in this section, “violation” means a violation of any provision of this chapter in connection with the sale of securities under sections 1707.05 to 1707.058 of the Revised Code where the filing is made pursuant to division (K) of […]
Section 1707.99 | Penalty.
Effective: March 31, 2021 Latest Legislation: House Bill 312 – 133rd General Assembly 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 sections 1707.01 to 1707.50 of the Revised Code and the following apply to the offender: (A) If the […]
Section 1707.42 | Civil Liability of Adviser.
Effective: September 16, 2003 Latest Legislation: House Bill 7 – 125th General Assembly (A) Whoever, with intent to secure financial gain to self, advises and procures any person to purchase any security, and receives any commission or reward for the advice or services without disclosing to the purchaser the fact of the person’s agency or […]
Section 1707.43 | Remedies of Purchaser in Unlawful Sale.
Effective: September 16, 2003 Latest Legislation: House Bill 7 – 125th General Assembly (A) Subject to divisions (B) and (C) of this section, every sale or contract for sale made in violation of Chapter 1707. of the Revised Code, is voidable at the election of the purchaser. The person making such sale or contract for […]
Section 1707.431 | Claiming Exemption for Publicly Advertised Meeting.
Effective: March 31, 2021 Latest Legislation: House Bill 312 – 133rd General Assembly 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 1707.50 of the Revised […]
Section 1707.44 | Prohibited Acts.
Effective: March 31, 2021 Latest Legislation: House Bill 312 – 133rd General Assembly (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 Code, and no salesperson shall sell securities in this state without being licensed pursuant to section 1707.16 of the […]
Section 1707.45 | Burden of Proof.
Effective: October 8, 2001 Latest Legislation: Senate Bill 32 – 124th General Assembly 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 which would bring a security within section 1707.02 of the Revised Code, or would bring a transaction within […]
Section 1707.46 | Duties of Commissioner of Securities.
Effective: September 29, 2005 Latest Legislation: House Bill 66 – 126th General Assembly The principal executive officer of the division of securities shall be the commissioner of securities, who shall be appointed by the director of commerce. The commissioner of securities shall enforce all the laws and administrative rules enacted or adopted to regulate the […]
Section 1707.47 | Ohio Investor Recovery Fund.
Effective: September 30, 2021 Latest Legislation: House Bill 110 – 134th General Assembly (A) As used in this section and section 1707.471 of the Revised Code: (1) “Claimant” means a person that files an application for restitution assistance on behalf of a victim. (2) “Final order” means a final administrative order issued by the division […]
Section 1707.471 | Restitution Assistance Awards From Ohio Investor Recovery Fund.
Effective: September 30, 2021 Latest Legislation: House Bill 110 – 134th General Assembly (A) A person that is eligible for a restitution assistance award under section 1707.47 of the Revised Code may submit an application for restitution assistance to the division in a manner and form prescribed by the division of securities. (B) To receive […]