Revises Ohio's Securities Law to streamline registration processes and exempt certain transactions.

Ohio SB115 amends the Securities Law to simplify registration processes for securities. It exempts certain transactions from registration, such as sales by fiduciaries, preorganization subscriptions, and sales by issuers to their own security holders. The bill also mandates that the Division of Securities cannot suspend or delay registration due to noncompliance with state rules that conflict with federal law. Additionally, it outlines specific requirements for registration, including filing fees and information disclosures.

Revises Ohio's Securities Law to streamline registration processes and exempt certain transactions.

Ohio SB115 amends the Securities Law to simplify registration processes for securities. It exempts certain transactions from registration, such as sales by fiduciaries, preorganization subscriptions, and sales by issuers to their own security holders. The bill also mandates that the Division of Securities cannot suspend or delay registration due to noncompliance with state rules that conflict with federal law. Additionally, it outlines specific requirements for registration, including filing fees and information disclosures.