- (1) For purposes of Section 517.061(14), F.S., the offer or sale of securities in a transaction meeting the requirements of SEC Rule 144 (17 C.F.R. §230.144), which is incorporated by reference in Rule 69W-200.002, F.A.C., shall be deemed an unsolicited purchase or sale of securities on order of and as agent for another.
- (2) For purposes of Section 517.061(14), F.S., a promoter or affiliate of an issuer shall not be deemed an underwriter of or an issuer of, or to be engaged in a sale directly or indirectly for the benefit of an issuer with respect to, any securities he has owned beneficially for at least one (1) year.
- (3) For purposes of this rule, the term “Issuer” is defined in Rule 69W-200.001, F.A.C.
Rulemaking Authority 517.03(1) FS. Law Implemented 517.061(14) FS. History–New 12-5-79, Amended 9-20-82, Formerly 3E-500.08, Amended 10-14-90, Formerly 3E-500.008, Amended 9-30-10, 9-22-14, 10-20-24.