Okla. Admin. Code § 660:25-5-1

Current through Vol. 42, No. 8, January 2, 2025

Section 660:25-5-1 - Filing of sales literature

(a)Filing requirement. All sales literature and advertising must be filed with and responded to by the Administrator prior to use. A filing shall include the sales literature or advertising package, the review fee specified in Section 807.F of the Business Opportunity Act and a representation by the seller that reads substantially as follows: "I hereby attest and affirm that the enclosed sales literature or advertising package contains no false or misleading statements or misrepresentations of material facts, and that all information contained therein is in conformity with the most recent disclosure document relating to the particular business opportunity offered thereby on file with the Administrator."

(b)Exemption. The disclosure document filed with the Administrator as part of the registration process pursuant to Section 806 of the Business Opportunity Act is exempted from the filing requirement specified in subsection (a) of this Section.

(c)Content. Sales literature and advertising used in any manner in connection with the offer and sale of business opportunities is subject to the provisions of Section 819 whether or not such sales literature and advertising is required to be filed pursuant to this rule. Furthermore, sales literature and advertising filed with the Administrator is subject to the provisions of Section 820 of the Business Opportunity Act.

(d)Prohibited disclosure. No sales literature or advertising shall contain a reference to the Oklahoma Securities Commission, the Oklahoma Department of Securities or the Administrator unless so requested by the Administrator.

Okla. Admin. Code § 660:25-5-1

Amended at 9 Ok Reg 3013, eff 7-15-92; Amended at 15 Ok Reg 3450, eff 7-15-98

Amended by Oklahoma Register, Volume 37, Issue 24, September 1, 2020, eff. 11/1/2020