Section 26-B256. OFFERINGS THROUGH INTERNET SITES

Latest version.

256.1 The following requirements apply to any offer or sale of securities through Internet sites pursuant to the exemption:

(a) Any person acting as an Internet site operator must be an issuer, broker-dealer licensed in the District, or a Funding Portal that is in compliance with all District, SEC and FINRA requirements, including if it is a Funding Portal, making any required notice filings with the Department of Insurance, Securities and Banking.

(b) Internet site operators must comply with all District, SEC and FINRA requirements applicable to intrastate offerings through the internet.

(c) Internet site operators shall maintain records of all offers and sales of securities effected through its Internet site.

authority

Final Rulemaking published at 61 DCR 11203 (October 24, 2014).

source

Section 403 of the Securities Act of 2000 (Act), effective October 26, 2000 (D.C. Law 13-203, D.C. Official Code § 31-5604.03 (2012 Repl.)).

                    
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