Section 3 AAC 08.860 - Recordkeeping requirements(a) An issuer that has filed or is required to file under the exemption in AS 45.55.175 shall keep and maintain written or electronic records relating to offers and sales of securities made in reliance on the exemption for at least five years following the termination of the offering. These records must include (1) the issuer's filings with the administrator required by 3 AAC 08.810 and 3 AAC 08.840, together with any amendments; (2) evidence of state residency consistent with 3 AAC 08.850 from each investor in the offering; (3) a manually or electronically signed copy of the investor acknowledgement required by 3 AAC 08.820(c) for each investor in the offering; and (4) all other correspondence or other communications with prospective purchasers and investors.(b) Records under (a) of this section are subject to reasonable periodic, special, or other examination by the administrator, as the administrator considers necessary or appropriate in the public interest or for the protection of investors. An audit or examination may be made at any time and without prior notice and the administrator may charge a fee associated with the examination as described in 3 AAC 08.015(b).Eff. 11/26/2016, Register 220, January 2017Authority:AS 45.55.175
AS 45.55.910
AS 45.55.915
AS 45.55.950