(1) Except as otherwise provided in this section, the commissioner may by rule or order require the filing of any prospectus, pamphlet, circular, form letter, advertisement, or other sales literature, radio, television, or other advertising communication addressed or intended for distribution to prospective investors, including clients or prospective clients of an investment adviser, as part of a registered offering or as a part of an exemption offering required to be filed under KRS 292.415.
(2) The provisions of this section shall not require a covered adviser to file with the commissioner any documents listed in subsection (1) of this section or any document, except a prospectus, relating to a covered security.

Terms Used In Kentucky Statutes 292.325

  • Covered adviser: means any person who is registered under Section 203 of the Investment Advisers Act of 1940, 15 U. See Kentucky Statutes 292.310
  • Covered security: means any security that is or upon completion of a transaction will be a covered security under Section 18(b) of the Securities Act of 1933, 15 U. See Kentucky Statutes 292.310
  • Security: means any note, stock, treasury stock, bond, debenture, evidence of indebtedness, certificate of interest or participation in any profit-sharing agreement, collateral-trust certificate, preorganization certificate or subscription, transferable share, investment contract, life settlement investment, voting-trust certificate, certificate of deposit for a security. See Kentucky Statutes 292.310

Effective: July 15, 2010
History: Amended 2010 Ky. Acts ch. 24, sec. 860, effective July 15, 2010. — Amended
1998 Ky. Acts ch. 20, sec. 4, effective July 15, 1998. — Amended 1994 Ky. Acts ch.
165, sec. 4, effective July 15, 1994. — Amended 1980 Ky. Acts ch. 368, sec. 3, effective July 15, 1980. — Created 1972 Ky. Acts ch. 265, sec. 18.