Ask Reggi Your Question Now
Can you summarize ORAR 441-205?
Department of Consumer and Business Services, Finance and Securities Regulation > DENIAL, SUSPENSION, OR REVOCATION OF LICENSE
Short Summary
This legal document, part of the Oregon Administrative Rules under the Department of Consumer and Business Services, Finance and Securities Regulation, pertains to the denial, suspension, or revocation of licenses for broker-dealers and customers in the state of Oregon. It defines the terms ‘Manipulative, Deceptive, or Fraudulent Device or Contrivance’ and ‘Fraudulent, Deceptive, or Manipulative Act or Practice’ to include various acts, practices, or courses of business that operate or would operate as fraud or deceit upon any person. It also includes the making of untrue statements or omissions of material facts, as well as misrepresentations regarding the registration process or the Director’s approval of financial standing, business conduct, securities, or transactions. The document provides definitions for key terms and references statutory authority and history related to these rules.
Whom does it apply to?
Broker-dealers, associated persons, and customers in the state of Oregon
What does it govern?
Denial, suspension, or revocation of licenses for broker-dealers and customers
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No specific penalties are mentioned.
Jurisdiction
Oregon