Section 69W-500.001 - Offers and Sales Under Section 517.061(10), F.S(1) Securities registered with another jurisdiction may be sold in Florida pursuant to Section 517.061(10), F.S., provided all requirements of Section 517.061(10), F.S., and rules thereunder are complied with.(2) The following purchasers shall be excluded in computing the number of purchasers for purposes of Section 517.061(10), F.S.:(a) The issuer, including any promoter of that issuer;(b) Any general partner of a limited partnership, regardless of the types of interest in the limited partnership purchased or held by the general partner;(c) Any purchaser with whom the transaction was consummated outside the State of Florida.(3) An issuer of securities who elects to offer or sell its own securities pursuant to Section 517.061(10), F.S., may register as a dealer pursuant to Section 517.12(1), F.S. The issuer shall comply with the rules of the Financial Services Commission for registration as a dealer as set forth under Rule 69W-600.001, F.A.C., in addition to the following requirements:(a) The financial statements required for registration as a dealer must be prepared in accordance with the provisions of subsection 69W-600.0151(3), F.A.C.(b) Since the securities will not be registered, a copy of the disclosure document for each offering must be submitted although no determination will be made as to the merits of the securities.(c) The outside front page of the disclosure document shall bear the following in bold face type: "THE SECURITIES BEING OFFERED HAVE NOT BEEN REGISTERED WITH THE OFFICE OF FINANCIAL REGULATION. THE FIRM IS REGISTERED AS A DEALER TO SELL ITS OWN SECURITIES."Fla. Admin. Code Ann. R. 69W-500.001
Rulemaking Authority 517.03 FS. Law Implemented 517.061(10) FS.
New 12-5-79, Amended 9-20-82, Formerly 3E-500.01, Amended 7-31-91, Formerly 3E-500.001, 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-500.01, Amended 7-31-91, Formerly 3E-500.001.