Section 45.55.150. Sales and advertising literature.

The administrator may by regulation or order establish requirements for or require the filing of a prospectus, a pamphlet, a circular, a form letter, an advertisement, or other sales literature or advertising communication addressed or intended for distribution to prospective investors, clients, or prospective clients by an issuer, a state investment adviser, a federal covered adviser, or a broker-dealer, unless
        (1) the security or transaction is exempt under AS 45.55.900 and the applicable provision of that section does not place a limitation on sales and advertising literature;
        (2) the security is a federal covered security; or
        (3) the broker-dealer, state investment adviser, or federal covered adviser is exempt or excluded from the requirements of this section under this chapter or federal law.

Authorities

45.55.175;45.55.930

Notes

Recent Bills that will modify this

HB 194 AK SECURITIES ACT; PENALTIES; CRT. RULES
SB 108 AK SECURITIES ACT; PENALTIES; CRT. RULES

Implemented As

3 AAC 08.055
3 AAC 08.710
3 AAC 08.900

References

AS 45.55.175 Exemption for certain security sales and offerings.
AS 45.55.930 Civil liability to buyers.

History

(Sec. 303 ch 198 SLA 1959; am Sec. 12 ch 105 SLA 1961; am Sec. 14 ch 86 SLA 1972; am Sec. 42 ch 76 SLA 1999)