Section 69W-500.008 - Unsolicited Purchase or Sale of Securities Pursuant to Section 517.061(14), F.S(1) For purposes of Section 517.061(14), 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(14), 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 this rule, 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(14) 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, Amended by Florida Register Volume 50, Number 197, October 8, 2024 effective 10/20/2024.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.