Ohio Code § 1707.055
Ohio Code § 1707.055. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 1707.055.
No portal operator that is not also a licensed dealer shall do any of the following: (A) Offer investment advice or recommendations, or solicit the purchase or sale of securities. For purposes of this division, a portal operator shall not be considered to be offering
investment advice or recommendations merely because it selects, or may perform due
diligence with respect to, issuers or offerings to be listed or merely because it
provides general investor educational materials. (B) Provide transaction-based compensation for securities sold under this chapter to
employees, agents, or other persons unless the employees, agents, or other persons
are licensed under this chapter and permitted to receive such compensation. (C) Charge a fee to the issuer for an offering of securities on an OhioInvests portal
unless the fee is one of the following: (1) A fixed amount for each offering; (2) A variable amount based on the length of time that the securities are offered on
the portal; (3) A combination of such fixed or variable amounts. (D) Hold, manage, possess, or otherwise handle purchaser funds or securities, unless
the portal operator is the issuer. (E) No portal operator shall allow its officers, directors, or partners, or any person
occupying similar status or performing similar function, to have a financial interest
in an OhioInvests issuer using the services of the portal operator, or receive a financial
interest in the OhioInvests issuer as compensation for services provided to, or for
the benefit of, the OhioInvests issuer, in connection with the offer and sale of its
securities.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 1707.055
- Jurisdiction: Ohio
- Code: Ohio Revised Code
- Text: transcribed from the official source (verify below)
Verify the text
Statute text is transcribed from the official Ohio Revised Code. Confirm it against the primary source before relying on it:
Not legal advice. Verify against the official source and consult a licensed Ohio attorney.
Common questions
What is the source of Ohio Revised Code § 1707.055?
The text above is transcribed from the Ohio Revised Code, the codified statutes of Ohio. The official publisher link appears under "Verify the text" on this page.
What subject does Ohio Revised Code § 1707.055 address?
It addresses the rule set out in the section text. Read the section together with the surrounding provisions listed under "Nearby provisions" for the full picture.
Is Ohio Revised Code § 1707.055 still in force?
Statutes are amended, repealed, and renumbered every session. Confirm the current version at the official Ohio source before relying on this text.
Can this page be used as legal advice?
No. This is a reference transcription for research. Applying Ohio law to your facts requires a licensed Ohio attorney who can review the specifics.