Made available by Touch N' Go Systems, Inc., and the
Law Offices of James B. Gottstein.

You can also go to The Alaska Legal Resource Center or search the entire website search.

Touch N' Go, the DeskTop In-and-Out Board makes your office run smoother. Visit Touch N' Go's Website to see how.
Title 3 . Commerce, Community, and Economic Development
Chapter 8 . Land Sales
Section 530. Disqualification

3 AAC 08.530. Disqualification

(a) A person who is disqualified from using an exemption under 17 C.F.R. 230.504 or 17 C.F.R. 230.505 is also disqualified from registering under 3 AAC 08.504 or 3 AAC 08.505, respectively.

(b) The administrator will, in the administrator's discretion, deny registration under 3 AAC 08.500 - 3 AAC 08.540 if a person described in 17 C.F.R. 230.262(a), (b), or (c)

(1) meets any of the disqualification provisions of 17 C.F.R. 230.262 applicable to that person;

(2) has filed a registration statement that is the subject of a currently effective stop order entered by a state within five years before the registration of the offering;

(3) within the 10 years preceding the filing of the registration, has been convicted of

(A) a felony or misdemeanor in connection with the purchase or sale of a security or involving a false filing with a state; or

(B) a felony involving fraud or deceit, including forgery, embezzlement, obtaining money under false pretenses, larceny, and conspiracy to defraud; or

(4) has been subject to a state administrative or court order or judgment, including an injunction, entered within the five years preceding the filing of the registration, if a violation of a state banking, insurance, real estate, or securities law is the grounds for the order or judgment.

(c) A disqualification under (b)(2) - (4) of this section does not apply if the person subject to the disqualifying order is licensed to conduct securities-related business in the state in which the order or judgment was entered.

(d) A disqualification under (b)(2) - (4) of this subsection is automatically waived if the state that created the basis for disqualification waives the disqualification.

(e) The administrator will review the representations in each registration to determine whether registration should be denied under (b) of this section. The administrator will, in the administrator's discretion, allow the registration upon a showing that allowing the registration is in the public interest and that safeguards have been provided for that offering.

(f) For purposes of this section, 17 C.F.R. 230.262, as revised as of October 1, 1999, is adopted by reference.

History: Eff. 4/19/2000, Register 154

Authority: AS 45.55.110

AS 45.55.950

Note to HTML Version:

The Alaska Administrative Code was automatically converted to HTML from a plain text format. Every effort has been made to ensure its accuracy, but neither Touch N' Go Systems nor the Law Offices of James B. Gottstein can be held responsible for any possible errors. This version of the Alaska Administrative Code is current through June, 2006.

If it is critical that the precise terms of the Alaska Administrative Code be known, it is recommended that more formal sources be consulted. Recent editions of the Alaska Administrative Journal may be obtained from the Alaska Lieutenant Governor's Office on the world wide web. If any errors are found, please e-mail Touch N' Go systems at E-mail. We hope you find this information useful. Copyright 2006. Touch N' Go Systems, Inc. All Rights Reserved.

Last modified 7/05/2006