Bill > SB115

This bill revises Ohio's Securities Law by amending several sections of the Revised Code to streamline and simplify securities registration and regulatory processes. The key changes include clarifying definitions, modifying registration procedures, and reducing regulatory burdens. Specifically, the bill makes several important modifications to how securities can be registered, with a particular emphasis on reducing duplicative or overly stringent regulations that might impede business and job creation. The bill introduces language that prevents the Division of Securities from imposing requirements that are more stringent than federal law, and limits the division's ability to issue additional guidance or interpretations beyond federal regulations. It also modifies definitions related to investment advisers, securities registration methods, and institutional investors, and provides more flexibility in how securities can be registered and sold. The bill aims to make Ohio's securities regulations more business-friendly while maintaining protections for investors, by aligning state regulations more closely with federal standards and reducing administrative barriers to securities offerings.

Business and Industry

https://www.legislature.ohio.gov/legislation/136/sb115