Florida Administrative Code
69 - DEPARTMENT OF FINANCIAL SERVICES
69W - Securities
Chapter 69W-700 - REGISTRATION OF SECURITIES
Section 69W-700.005 - Promoters Equity Investment Ratio

Universal Citation: FL Admin Code R 69W-700.005

Current through Reg. 50, No. 187; September 24, 2024

In offerings where the issuer is in a development stage, the ratio of equity investment by promoters or insiders to the aggregate public offering shall be no less than:

(1) Ten percent (10%) of the first $1,000,000 of the aggregate public offering; and,

(2) Seven percent (7%) of the next $500,000 of the aggregate public offering; and,

(3) Five percent (5%) of the next $500,000 of the aggregate public offering; and,

(4) Two and one-half percent (21/2%) of the balance over $2,000,000.

Rulemaking Authority 517.03(1) FS. Law Implemented 517.081(3), (7) FS.

(Formerly 3E-20.03) New 9-20-82, Formerly 3E-700.05, Amended 10-26-97, Formerly 3E-700.005, Amended 5-15-07, 9-22-14.

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