✔️ SB115
Revise the Securities Law
Summary
The bill amends various sections of the Ohio Revised Code related to securities law, including definitions of securities, exemptions from registration, and qualifications for securities offerings. It establishes conditions under which certain transactions are exempt from compliance with securities regulations and outlines the responsibilities of the division of securities in overseeing these transactions. The bill also includes provisions for the suspension of registrations and the qualifications of securities.
Rationale
The bill introduces regulatory changes that may increase government oversight and control over securities transactions, which conflicts with the LP's emphasis on minimal government intervention in economic matters. However, it does contain elements that could be seen as promoting free market principles, such as exemptions for certain transactions, aligning somewhat with the LPO's platform on free markets.
Risks and Concerns
- Increased government oversight may hinder market operations.
- Potential for regulatory overreach affecting individual rights.