Ill. Admin. Code tit. 14, § 130.440 - Procedures for Filing Reports of Sale under Section 4.G of the Act
a) The issuer,
controlling person, or dealer shall file with the Springfield or Chicago office
of the Securities Department one copy of the Report of Sale on Illinois Form 4G
or Form D executed by a person duly designated by the filing party, accompanied
by the filing fee referred to below on or after the date of the first sale made
to an Illinois resident in reliance upon Section 4.G of the Act, but no later
than twelve months after the date of the first such sale.
b) The filing fee for each Report of Sale
required under Section 4.G of the Act shall be in the amount specified in
Section
130.110. The
Report of Sale shall not be deemed to be filed until the proper filing fee is
delivered to the Securities Department.
c) The Securities Department will review a
Report of Sale submitted under Section 4.G of the Act and notify the filing
party of any deficiencies. A Report of Sale shall not be deemed to be filed
unless the information required by Section
130.442
of this Part is included therein without any material deficiency.
d) By filing a Report of Sale, the filing
party attests that the sales covered by the Report of Sale have not and will
not be made by means of general advertising or general solicitation in this
State; the sales of such securities have not and will not be made, commissions,
discounts or other remuneration have not and will not be paid, and prospectuses
have not and will not be delivered, in each case in excess of those permitted
by Section 4.G of the Act; and the filing party will provide a copy of the
prospectus, offering circular or other disclosure document, as the case may be,
or the name and address of each Illinois purchaser to the Securities Department
within 72 hours after written request (which may be made by electronic,
facsimile or other similar transmission or delivery).
e) The penalty for failure to file timely
shall be in the amount specified in Section
130.110 of this
Part.
Notes
Amended at 21 Ill. Reg. 15892, effective December 1, 1997
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