Ohio Code § 1707.057
Ohio Code § 1707.057. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 1707.057.
(A) Each portal operator shall maintain and preserve, for a period of at least five years
from either the date of the closing or date of the termination of the securities offering,
all of the following: (1) The name of each issuer whose securities have been listed on its OhioInvests portal
and the full name, residential address, social security number, date of birth, and
copy of a state-issued identification of all owners with greater than ten per cent
voting equity in the issuer; (2) Copies of all offering materials that have been displayed on its OhioInvests portal; (3) The names and other personal information of each purchaser who has registered at
its OhioInvests portal; (4) Any agreements and contracts between the portal operator and an issuer; (5) Any information used to establish that a prospective purchaser or purchaser of securities
through its OhioInvests portal is a resident of this state and that an issuer whose
securities are listed on the portal has its principal office in this state; (6) Any other records the division requires by rule to be maintained and preserved. (B)(1) The records described in division (A) of this section shall be maintained and preserved
in a manner, including by any electronic storage media, that does all of the following: (a) Permits the immediate location of any particular document; (b) Retains the documents exclusively in a nonrewriteable, nonerasable format; (c) Verifies automatically the quality and accuracy of the storage recording process; (d) Serializes the originals; (e) Allows indexes and records preserved to be downloaded to an acceptable medium. (2) If the records retention system commingles records required to be retained under
this section with other records, the division of securities may review all of the
commingled records. (C) Notwithstanding divisions (A) and (B) of this section, the failure of a portal operator
that is not the issuer to comply with those divisions does not affect the OhioInvests
issuers' exemption from registration under section 1707.051 of the Revised Code .
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 1707.057
- Jurisdiction: Ohio
- Code: Ohio Revised Code
- Text: transcribed from the official source (verify below)
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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
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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 § 1707.057 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 § 1707.057 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.
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