Statutes, codes, and regulations
Virginia Administrative Code
Title 21 - SECURITIES AND RETAIL FRANCHISINGAgency 5 - STATE CORPORATION COMMISSION
Chapter 40 - EXEMPT SECURITIES AND TRANSACTIONS
Section 21VAC5-40-170 - Offerings conducted pursuant to section 13.1-514 B 7 a; broker-dealer participation and solicitation

21 Va. Admin. Code § 5-40-170

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Current through Register Vol. 41, No. 4, October 8, 2024
Section 21VAC5-40-170 - Offerings conducted pursuant to section 13.1-514 B 7 a; broker-dealer participation and solicitation

In accordance with § 13.1-514B 7 a of the Act, an offer or sale by an issuer through a registered broker-dealer and its registered agents is deemed not to be made to the general public by advertisement or solicitation if the offerees are existing customers of the participating registered broker-dealer or its registered agent whose accounts have been in existence for an amount of time sufficient to evidence the customers' suitability for the investment. For purposes of this section, "solicitation" is defined in 21VAC5-10-40.

21 Va. Admin. Code § 5-40-170

Derived from Virginia Register Volume 26, Issue 22, eff. July 1, 2010.

Statutory Authority

§§ 12.1-13 and 13.1-523 of the Code of Virginia.