Fla. Admin. Code Ann. R. 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.
Notes
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, 9-22-14.
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