Oregon Administrative Rules
Chapter 441 - DEPARTMENT OF CONSUMER AND BUSINESS SERVICES, FINANCE AND SECURITIES REGULATION
Division 65 - REGISTRATION OF SECURITIES
Section 441-065-0140 - Limitation on Selling Expenses
Universal Citation: OR Admin Rules 441-065-0140
Current through Register Vol. 63, No. 9, September 1, 2024
(1) All expenses of a SOAR or a SCOR Offering, including sales expenses, acquisition expenses, expenses for preparing the offering, and similar expenses shall be reasonable after taking into account the nature of the offering, amount to be raised and proposed use of funds.
(2) The provisions of OAR 441-085-0010 shall apply to any registered SOAR or SCOR Offerings, except that sales expenses may not exceed "20%" of the aggregate offering amount.
Statutory/Other Authority: ORS 59.085
Statutes/Other Implemented: ORS 59.085, 59.065 & 59.105
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