§71-1-101. Short title.
This act shall be known and may be cited as the “Oklahoma Uniform Securities Act of 2004”. Added by Laws 2003, c. 347, § 1, eff. July 1, 2004.
§71-1-102. Definitions.
In this act, unless the context otherwise requires: 1. “Administrator” means the securities Administrator appointed by the Oklahoma Securities Commission; 2. “Agent” means an individual, other than a broker-dealer, who represents a broker-dealer in effecting or attempting to effect purchases or sales of securities or represents an issuer in effecting or attempting to effect purchases […]
§71-1-103. References to federal statutes.
“Securities Act of 1933” (15 U.S.C. Section 77a et seq.), “Securities Exchange Act of 1934” (15 U.S.C. Section 78a et seq.), “Public Utility Holding Company Act of 2005” (42 U.S.C. Section 16451 et seq.), “Investment Company Act of 1940” (15 U.S.C. Section 80a-1 et seq.), “Investment Advisers Act of 1940” (15 U.S.C. Section 80b-1 et […]
§71-1-104. References to federal agencies.
A reference in this act to an agency or department of the United States is also a reference to a successor agency or department. Added by Laws 2003, c. 347, § 4, eff. July 1, 2004.
§71-1-105. Electronic records and signatures.
This Act modifies, limits, and supersedes the federal Electronic Signatures in Global and National Commerce Act, but does not modify, limit, or supersede Section 101(c) of that act (15 U.S.C. Section 7001(c)) or authorize electronic delivery of any of the notices described in Section 103(b) of that act (15 U.S.C. Section 7003(b)). This Act authorizes […]
§71-1-201. Exempt securities.
The following securities are exempt from the requirements of Sections 1-301 and 1-504 of this title: 1. A security, including a revenue obligation or a separate security as defined in Rule 131 (17 C.F.R. 230.131) adopted under the Securities Act of 1933, issued, insured, or guaranteed by the United States; by a state; by a […]
§71-1-202. Exempt transactions.
The following transactions are exempt from the requirements of Sections 1-301 and 1-504 of this title: 1. An isolated nonissuer transaction, whether or not effected by or through a broker-dealer; 2. A nonissuer transaction by or through a broker-dealer registered, or exempt from registration under the Oklahoma Uniform Securities Act of 2004, and a resale […]
§71-1-203. Additional exemptions and waivers.
A rule adopted or order issued under this act may exempt a security, transaction, or offer; a rule under this act may exempt a class of securities, transactions, or offers from any or all of the requirements of Sections 1-301 through 1-305 and 1-504 of this title; and an order under this act may waive, […]
§71-1-204. Denial, suspension of application, revocation, condition, or limitation of exemptions.
A. Except with respect to a federal covered security or a transaction involving a federal covered security, an order under this act may deny, suspend application of, condition, limit, or revoke an exemption created under subparagraph c or d of paragraph 3 of Section 1-201 of this title, or paragraph 7 or 8 of Section […]
§71-1-301. Securities registration requirement.
It is unlawful for a person to offer or sell a security in this state unless: 1. The security is a federal covered security; 2. The security, transaction, or offer is exempted from registration under Sections 1-201 through 1-203 of this title; or 3. The security is registered under this title. Added by Laws 2003, […]
§71-1-302. Federal covered security – Notice filing.
A. With respect to a federal covered security, as defined in Section 18(b)(2) of the Securities Act of 1933, (15 U.S.C. Section 77r(b)(2)), that is not otherwise exempt under Sections 1-201 through 1-203 of this title, the issuer shall file a notice with the Administrator prior to an offer in this state. A separate notice […]
§71-1-303. Securities registration by coordination.
A. A security for which a registration statement has been filed under the Securities Act of 1933 in connection with the same offering may be registered by coordination under this section. B. A registration statement under this section must contain or be accompanied by the following records in addition to the information specified in Section […]
§71-1-304. Securities registration by qualification.
A. A security may be registered by qualification under this section. B. A registration statement under this section must contain the information or records specified in Section 1-305 of this title, a consent to service of process complying with Section 1-611 of this title, and the following information or records: 1. With respect to the […]
§71-1-305. Registration filings.
A. A registration statement may be filed by the issuer, a person on whose behalf the offering is to be made, or a broker-dealer registered under this act. B. A person filing a registration statement shall pay the filing fee set forth in Section 1-612 of this title. If a registration statement is withdrawn before […]
§71-1-306. Denial, suspension, or revocation of effectiveness of registration statement.
A. The Administrator may issue a stop order denying effectiveness to, or suspending or revoking the effectiveness of, a registration statement if the Administrator finds that the order is in the public interest and that: 1. The registration statement as of its effective date or before the effective date in the case of an order […]
§71-1-307. Waiver or modification.
The Administrator may waive or modify, in whole or in part, any or all of the requirements of Sections 1-302, 1-303, and subsection B of Section 1-304 of this title or the requirement of any information or record in a registration statement or in a periodic report filed pursuant to subsection I of Section 1-305 […]
§71-1-308. Investment certificate issuers – Registration requirements.
A. In addition to all other applicable registration provisions specified in this act, investment certificate issuers are subject to the provisions of this section. As used in this section: 1. “Investment certificate” means thrift certificates, certificates of deposit, savings obligations and similar certificates or obligations issued and sold by an investment certificate issuer as defined […]
§71-1-401. Broker-dealer registration requirement and exemptions.
A. It is unlawful for a person to transact business in this state as a broker-dealer, unless the person is registered under this act as a broker-dealer or is exempt from registration as a broker-dealer under subsection B or D of this section. B. The following persons are exempt from the registration requirement of subsection […]
§71-1-402. Agent registration requirement and exemptions.
A. It is unlawful for an individual to transact business in this state as an agent unless the individual is registered under this act as an agent or is exempt from registration as an agent under subsection B of this section. B. The following individuals are exempt from the registration requirement of subsection A of […]
§71-1-403. Investment adviser registration requirement and exemptions.
A. It is unlawful for a person to transact business in this state as an investment adviser unless the person is registered under this act as an investment adviser or is exempt from registration as an investment adviser under subsection B of this section. B. The following persons are exempt from the registration requirement of […]