having a cause of action against the applicant ty Escrow Agreement or the issuer, within the meaning of section 409.411 of the Act, as disclosed in the application or otherwise coming to the attention of the commissioner, normally shall be a prerequisite to the registration of securities. The offers may fall within the scope of section 409.415(b) of the Act. Suggested forms of offer of refund (rescission) is at 15 CSR 30- 52.260 and 15 CSR 30-52.270.

AUTHORITY: sections 409.411 and 409.413(a) RSMo (1986).* Original rule filed July 21, 1972, effective Aug. 1, 1972. Amended: Filed Nov. 15, 1974, effective Nov. 25, 1974. *Original authority: 409.411, RSMo (1967), amended 1978, 1980 and 409.413(a), RSMo (1967).