Securities Oregon Revised Statutes Chapter 59

The number of licensing transactions for broker-dealer firms and licensing or notice filings for investment adviser or investment adviser firms increased from 105,388 in 2003 to 109,972 in 2004, an increase of 4.35%. On December 31, 2004, we had 82,776 broker-dealer salespeople, 1,822 NASD broker-dealer firms, 10 non-NASD firms and 22 Canadian firms licensed in Oregon. In the same time pe`riod, we had 862 federal covered investment adviser firms, which are notices filed with the Division, and 212 state firms licensed in Oregon. 82 of the federal covered firms and 202 of the state firms are Oregon based investment adviser firms. The number of licensed broker-dealer firms and their salespersons increased at a faster pace than in 2003. The number of firms increased by 2.43% compared with a decrease of 0.77% in 2003. In 2004, the number of salespeople increased by 4.1% compared with an increase of 0.79% in 2003. The numbers for licensing or notice filings for investment adviser firms and their representatives held steady from 2003 to 2004, with an increase of less than 1%.

Broker-dealer • Investment advisor • Securities registration

Broker-dealers

De minimis exemption: There is no de minimis exemption from licensing available in Oregon for broker-dealer firms or salespersons.

Forms • Frequently asked questions • Licensing Licensing fees • Resources • Securities brokers/dealers application information Securities salesperson application information • Statutes & Rules • Trade/assumed business name

Forms
Dual undertaking 440-2131 last updated: 03/08/2006	PDF
Form U-10 NASAA form last updated: 09/24/2007	PDF
Form U-4 NASAA form last updated: 05/18/2009	PDF
Form U-5 NASAA form last updated: 09/24/2007	PDF
Form U-5 Instructions NASAA form last updated: 09/24/2007	PDF
Trade/assumed name 440-2774 last updated: 03/08/2006	PDF

Frequently asked questions

Licensing

Initial

• NASD
• Non-NASD
• Canadian

Renewal

• NASD
• Non-NASD
• Canadian

Licensing fees

Resources
	Check out your broker
	Financial Literacy 2010 - a national campaign to increase the average high school student's savvy about personal finance and investment
	Investing online: Tips from the State of Washington's Investor Information Program
	Investment Advisor Public Disclosure Web site (IAPD) - Public information about firms on IARD
	National Association of Securities Dealers (NASD): Regulation
	National Association of Securities Dealers (NASD): Web site
	North American Securities Administrators Association (NASAA)
	Office of Administrative Hearings
	Securities & Exchange Commission (SEC)

Securities brokers/dealers application information

Securities salesperson application information

Statutes and Rules
Securities enforcement
Commodity transactions	ORS Chapter 645
Franchise transactions	ORS Chapter 650
Securities Regulation; Mortgage Bankers and Brokers	ORS Chapter 59
Books and records requirements	OAR Chapter 441, Div. 195
Conditions of registration	OAR Chapter 441, Div. 85
Denial, withdrawal or conditioning of exemptions	OAR Chapter 441, Div. 45
Exempt securities	OAR Chapter 441, Div. 25
Exempt transactions	OAR Chapter 441, Div. 35
Federal covered securities	OAR Chapter 441, Div. 49
General provisions	OAR Chapter 441, Div. 11
License cancellation, withdrawal	OAR Chapter 441, Div. 225
License denial, suspension, or revocation	OAR Chapter 441, Div. 205
Licensing (Broker-dealer, investment advisor, and individuals)	OAR Chapter 441, Div. 175
Renewal of securities registration	OAR Chapter 441, Div. 75
Securities registration	OAR Chapter 441, Div. 65

Trade/assumed business name

 

Investment adviser

Forms • Frequently asked questions • Licensing fees Licensing/notice filings • Investment adviser firm application information Investment adviser representative application information Privacy requirements • Resources • Search investment adviser database Statutes & rules • Trade/assumed business name

Forms
Dual undertaking 440-2131 last updated: 03/08/2006	PDF
Firm renewal 440-2306 last updated: 03/08/2006	PDF
Form ADV (Parts 1A & 1B, plus instructions) NASAA form last updated: 09/24/2007	PDF
Form ADV Part II Please visit the NASAA website for this form. last updated: 09/26/2007
Form U-4 NASAA form last updated: 05/18/2009	PDF
Salesperson renewal 440-2118 last updated: 03/08/2006	PDF  | Word
Surety bond 440-2014 last updated: 03/08/2006	PDF
Trade/assumed name 440-2774 last updated: 03/08/2006	PDF  | Word

Frequently asked questions

Licensing fees

Licensing/notice filings

• Available exemptions
• Through IARD
• Not through IARD
• IA representatives
• Solicitor/Referral fees
• Dual licensing
• Designations

Investment adviser firm application information

Investment adviser representative application information

Privacy requirements

Resources
	Check out your broker
	Financial Literacy 2010 - a national campaign to increase the average high school student's savvy about personal finance and investment
	Investing online: Tips from the State of Washington's Investor Information Program
	Investment Advisor Public Disclosure Web site (IAPD) - Public information about firms on IARD
	National Association of Securities Dealers (NASD): Regulation
	National Association of Securities Dealers (NASD): Web site
	North American Securities Administrators Association (NASAA)
	Office of Administrative Hearings
	Securities & Exchange Commission (SEC)

Search investment adviser database

Statutes and Rules
Securities
Commodity transactions	ORS Chapter 645
Franchise transactions	ORS Chapter 650
Securities Regulation; Mortgage Bankers and Brokers	ORS Chapter 59
Books and records requirements	OAR Chapter 441, Div. 195
Conditions of registration	OAR Chapter 441, Div. 85
Denial, withdrawal or conditioning of exemptions	OAR Chapter 441, Div. 45
Exempt securities	OAR Chapter 441, Div. 25
Exempt transactions	OAR Chapter 441, Div. 35
Federal covered securities	OAR Chapter 441, Div. 49
General provisions	OAR Chapter 441, Div. 11
License cancellation, withdrawal	OAR Chapter 441, Div. 225
License denial, suspension, or revocation	OAR Chapter 441, Div. 205
Licensing (Broker-dealer, investment advisor, and individuals)	OAR Chapter 441, Div. 175
Renewal of securities registration	OAR Chapter 441, Div. 75
Securities registration	OAR Chapter 441, Div. 65

Trade/Assumed name

 

Securities registration

Fee schedule • Forms • Frequently asked questions • Resources Registration of securities offering • Rule 504 and SCOR registration • Statutes & Rules Tenancies-in-common (TICs)

Consumer alerts and press releases
	Securities Fee Change - 02/27/08

Fee schedule (Contains selected examples of the fee schedule for securities registration.)

Forms
Form D SEC form last updated: 09/25/2007	PDF
Form U-1 NASAA form last updated: 09/24/2007	PDF
Form U-4 NASAA form last updated: 05/18/2009	PDF
Form U-4 Instructions last updated: 11/14/2007	PDF  | Word
Oregon form 440-2013 last updated: 06/26/2006	PDF  | Word
Proceeds Escrow Agreement 440-3517 last updated: 11/14/2007	PDF
Salesperson renewal 440-2118 last updated: 03/08/2006	PDF  | Word
Stock Escrow Agreement 440-3438 last updated: 11/14/2007	PDF

Forms instructions

There is an instruction sheet (.pdf) available to explain the requirements for filling out the Form U-4 for issuer salespersons.

Frequently asked questions

Resources
	Check out your broker
	Financial Literacy 2010 - a national campaign to increase the average high school student's savvy about personal finance and investment
	Investing online: Tips from the State of Washington's Investor Information Program
	Investment Advisor Public Disclosure Web site (IAPD) - Public information about firms on IARD
	National Association of Securities Dealers (NASD): Regulation
	National Association of Securities Dealers (NASD): Web site
	North American Securities Administrators Association (NASAA)
	Office of Administrative Hearings
	Securities & Exchange Commission (SEC)

Registration of Securities Offering

Rule 504 and SCOR registration

• NASAA policy
• SCOR forms - The SCOR form U-7, along with the issuer's manual and instructions can be downloaded at the NASAA's SCOR forms Web page.

Statutes and Rules
Securities
Commodity transactions	ORS Chapter 645
Franchise transactions	ORS Chapter 650
Securities Regulation; Mortgage Bankers and Brokers	ORS Chapter 59
Books and records requirements	OAR Chapter 441, Div. 195
Conditions of registration	OAR Chapter 441, Div. 85
Denial, withdrawal or conditioning of exemptions	OAR Chapter 441, Div. 45
Exempt securities	OAR Chapter 441, Div. 25
Exempt transactions	OAR Chapter 441, Div. 35
Federal covered securities	OAR Chapter 441, Div. 49
General provisions	OAR Chapter 441, Div. 11
License cancellation, withdrawal	OAR Chapter 441, Div. 225
License denial, suspension, or revocation	OAR Chapter 441, Div. 205
Licensing (Broker-dealer, investment advisor, and individuals)	OAR Chapter 441, Div. 175
Renewal of securities registration	OAR Chapter 441, Div. 75
Securities registration	OAR Chapter 441, Div. 65

Tenancies-in-common