Section 69W-500.008 - Unsolicited Purchase or Sale of Securities Pursuant to Section 517.061(13), F.S(1) For purposes of Section 517.061(13), F.S., 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 rule 69W-200.002, F.A.C., shall be deemed an unsolicited purchase or sale of securities on order of and as agent for another.(2) For purposes of section 517.061(13), F.S., 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 rule 69W-500.008, F.A.C., the term "Issuer" is defined in rule 69W-200.001, F.A.C.Fla. Admin. Code Ann. R. 69W-500.008
Rulemaking Authority 517.03(1) FS. Law Implemented 517.061(13) FS.
New 12-5-79, Amended 9-20-82, Formerly 3E-500.08, Amended 10-14-90, Formerly 3E-500.008, Amended 9-30-10, Amended by Florida Register Volume 40, Number 175, September 9, 2014 effective 9/22/2014.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.