Ohio Code § 1707.151

§ 1707.151.

(A) Application for an investment adviser's license shall be made in accordance with

this section and by filing with the division of securities the information, materials,

and forms specified in rules adopted by the division. (B)(1) The division may investigate any applicant for a license and may require any additional

information as it considers necessary to determine the applicant's business repute

and qualifications to act as an investment adviser. (2) If the application for any license involves investigation outside of this state,

the applicant may be required by the division to advance sufficient funds to pay any

of the actual expenses of the examination.  The division shall furnish the applicant with an itemized statement of such expenses

that the applicant is required to pay. (C) The division shall by rule require a natural person who is an applicant for an investment

adviser's license to pass an examination designated by the division or achieve a specified

professional designation. (D) An investment adviser licensed under section 1707.141 of the Revised Code shall employ only investment adviser representatives licensed, or exempted from licensure,

under section 1707.161 of the Revised Code . (E)(1) Except as provided in division (E)(2) of this section, if the division finds that

the applicant is of good business repute, appears to be qualified to act as an investment

adviser, and has complied with this chapter and rules adopted under this chapter by

the division, the division, upon payment of the fees prescribed by division (B) of section 1707.17 of the Revised Code , shall issue to the applicant a license authorizing the applicant to act as an investment

adviser. (2) The division shall issue a license to act as an investment adviser in accordance

with Chapter 4796. of the Revised Code to an applicant if either of the following

applies: (a) The applicant holds a license in another state. (b) The applicant has satisfactory work experience, a government certification, or a

private certification as described in that chapter as an investment adviser in a state

that does not issue that license.