Missouri Code of State Regulations › Title 15 - ELECTED OFFICIALS › Division 30 - Secretary of State › Chapter 52 - Registration of Securities › Section 15 CSR 30-52.030 - NASAA Statements of Policy

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: This rule promotes uniformity with other
				  states and prescribes the guidelines to be applied to securities registrations
				  in order to determine if the offering is fair, just and
				  equitable.
PUBLISHER'S NOTE: The secretary of state has
				  determined that the publication of the entire text of the material which is
				  incorporated by reference as a portion of this rule would be unduly cumbersome
				  or expensive. This material as incorporated by reference in this rule shall be
				  maintained by the agency at its headquarters and shall be made available to the
				  public for inspection and copying at no more than the actual cost of
				  reproduction. This note applies only to the reference material. The entire text
				  of the rule is printed here.
(1) The Securities Division will apply the
				applicable statement of policy adopted by North American Securities
				Administrators Association, Inc. (NASAA) when conducting a merit review to
				determine whether an offering is fair, just, and equitable.
(A) The following statements of policy are
				hereby incorporated by reference and made a part of this rule as published by
				NASAA, 750 First Street, NE, Suite 1140, Washington, DC 20002, and available at
http://www.nasaa.org/regulatory-activity/statements-of-policy/
. This rule does not incorporate any subsequent amendments or additions:
1. Corporate Securities Definitions, as
				amended by NASAA on March 31, 2008;
2. Loans and Other Material Affiliated
				Transactions, as amended by NASAA on March 31, 2008;
3. Options and Warrants, as amended by NASAA
				on March 31, 2008;
4. Preferred
				Stock, as amended by NASAA on March 31, 2008;
5. Promoter's Equity Investment, as amended
				by NASAA on March 31, 2008;
6.
				Promotional Shares, as amended by NASAA on March 31, 2008;
7. Risk Disclosure Guidelines, as adopted by
				NASAA on September 9, 2001;
8.
				Specificity in Use of Proceeds, as amended by NASAA on March 31,
				2008;
9. Underwriting Expenses,
				Underwriter's Warrants, Selling Expenses and Selling Security Holders, as
				amended by NASAA on March 31, 2008;
10. Unsound Financial Condition, as amended
				by NASAA on March 31, 2008;
11.
				Unequal Voting Rights, as amended by NASAA on March 31, 2008;
12. Registration of Asset-Backed Securities,
				as amended by NASAA on May 7, 2007;
13. Mortgage Program Guidelines, as amended
				by NASAA on May 7, 2007;
14. Real
				Estate Programs, as revised by NASAA on May 7, 2007;
15. Real Estate Investment Trusts, as revised
				by NASAA on May 7, 2007;
16.
				Registration of Oil and Gas Programs, as amended by NASAA on May 7,
				2007;
17. Equipment Programs, as
				amended by NASAA on May 7, 2007;
18. Commodity Pool Programs, as amended by
				NASAA on May 7, 2007;
19.
				Cattle-Feeding Programs, as adopted by NASAA on September 17, 1980;
20. Omnibus Guidelines, as amended by NASAA
				on May 7, 2007; and
21. Viatical
				Investment Guidelines, as adopted by NASAA on October 1, 2002.