Florida Regulations 69W-500.008: Unsolicited Purchase or Sale of Securities Pursuant to Section 517.061(13), F.S
Current as of: 2024 | Check for updates
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(1) For purposes of Florida Statutes § 517.061(13), the offer or sale of securities in a transaction meeting the requirements of SEC Rule 144 (17 C.F.R. § 230.144), which is incorporated by reference in Fl. Admin. Code R. 69W-200.002, shall be deemed an unsolicited purchase or sale of securities on order of and as agent for another.
(2) For purposes of Florida Statutes § 517.061(13), a promoter or affiliate of an issuer shall not be deemed an underwriter of or an issuer of, or to be engaged in a sale directly or indirectly for the benefit of an issuer with respect to, any securities he has owned beneficially for at least one (1) year.
(3) For purposes of Fl. Admin. Code R. 69W-500.008, the term “”Issuer”” is defined in Fl. Admin. Code R. 69W-200.001
Rulemaking Authority Florida Statutes § 517.03(1). Law Implemented 517.061(13) FS. History-New 12-5-79, Amended 9-20-82, Formerly 3E-500.08, Amended 10-14-90, Formerly 3E-500.008, Amended 9-30-10, 9-22-14.
(2) For purposes of Florida Statutes § 517.061(13), a promoter or affiliate of an issuer shall not be deemed an underwriter of or an issuer of, or to be engaged in a sale directly or indirectly for the benefit of an issuer with respect to, any securities he has owned beneficially for at least one (1) year.
(3) For purposes of Fl. Admin. Code R. 69W-500.008, the term “”Issuer”” is defined in Fl. Admin. Code R. 69W-200.001
Rulemaking Authority Florida Statutes § 517.03(1). Law Implemented 517.061(13) FS. History-New 12-5-79, Amended 9-20-82, Formerly 3E-500.08, Amended 10-14-90, Formerly 3E-500.008, Amended 9-30-10, 9-22-14.