Securities Update RAC

The Division of Financial Regulation (DFR) of the Department of Consumer and Business Services (DCBS) is preparing to begin rulemaking to: adopt Continuing Education (CE) requirements; update the special designations rule to address religious advisers; harmonize the supervision and books and records provisions for broker-dealers with those of investment advisers; update references to securities and transactions exempted under the manual exemptions; update references to federal exemptions; clarify how testimonials should be treated; clarify how aggregate amount for stock options should be calculated as reflected in the Rule 701 form; simplify the fairness hearing process; clarify terms and procedures for interim financials; update suitability requirements to correspond to FINRA’s.

All meetings held via Microsoft Teams meetings.
Join on your computer or mobile app.*
*Download the Microsoft Teams app

Committee Contacts:

Lauren Winters
Senior Policy Advisory
Lauren.E.WINTERS@dcbs.oregon.gov
Phone: 503-979-3788

Nicole Ferroux
Senior Policy Advisor
Nicole.Ferroux@dcbs.oregon.gov
Phone: 503-983-3168

Karen Winkel
Rules Coordinator
Karen.J.WINKEL@dcbs.oregon.gov
Phone: 503-947-7694

March 21, 2023

Documents:

• Presentation

Cody Berne
Stoll Berne

Craig Smith
von Borstel & Associates

Dara Westlake
Guerilla Development

Darlene Pasieczny
Public Investors Advocate Bar Association

Emil Ali
McCabe & Ali

Kevin Christianson
Oregon Bankers Association

Linda Navarro
Oregon Bankers Association

Marin Gibson
Securities Industry and Financial Markets Association

Maureen Thompson
Certified Financial Planner Board of Standards

Mike Esler
Esler, Stephens & Buckley

Rob Frankel
Investments & Wealth Institute

Roger Beyer
NAIFA

Scott Mullins
Mullins Law Office

Todd Sakoda
The Consortium