§ 1-504. Filing of sales and advertising literature
Oklahoma Statutes AnnotatedTitle 71. SecuritiesEffective: November 1, 2022
Effective: November 1, 2022
71 Okl.St.Ann. § 1-504
§ 1-504. Filing of sales and advertising literature
A. Except as otherwise provided in subsection B of this section, it is unlawful for a person to distribute a prospectus, pamphlet, circular, form letter, advertisement, sales literature, or other advertising communication relating to a security or investment advice, addressed or intended for distribution to prospective investors, including clients or prospective clients of a person registered or required to be registered as an investment adviser under this act,1 unless the sales and advertising literature is first filed with the Department with the fee specified in Section 1-612 of this title and the Department has responded indicating that the Administrator has no objection to its distribution or use.
B. This section does not apply to sales and advertising literature specified in subsection A of this section relating to a federal covered security, a federal covered investment adviser, or a security or transaction exempted by Section 1-201, 1-202, or 1-203 of this title except as may be required pursuant to paragraph 7 of Section 1-201 of this title.
Credits
Laws 2003, c. 347, § 32, eff. July 1, 2004; Laws 2022, c. 77, § 30, eff. Nov. 1, 2022.
<The Oklahoma Uniform Securities Act of 2004, incorporated in this title as §§ 1-101 to 1-701, was enacted by Laws 2003, c. 347, effective July 1, 2004. See transitional provisions in § 1-701 of this title.>
<The Oklahoma Securities Act, consisting of §§ 1 et seq., 201 et seq., 301 et seq., 401 et seq., and 501; and §§ 701 to 703, of Title 71, was repealed by Laws 2003, c. 347, § 53, effective July 1, 2004.>
<For disposition of the subject matter of the repealed sections to the Oklahoma Securities Act of 2004, see the Disposition Table, post.>
Footnotes
Title 71, § 1-101 et seq.
71 Okl. St. Ann. § 1-504, OK ST T. 71 § 1-504
Current with emergency effective legislation through Chapter 106 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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