Pennsylvania > Department Of State > Blue Sky > Securities

Request For Waiver Of Procedures Under Regulation 504 RO - Pennsylvania

Request For Waiver Of Procedures Under Regulation 504 Form. This is a Pennsylvania form and can be used in Securities Blue Sky Department Of State .
 Fillable pdf Last Modified 4/2/2014
Get this form for FREE as a print-only pdf

Form RO (General Instructions) COMMONWEALTH OF PENNSYLVANIA PENNSYLVANIA DEPARTMENT OF BANKING AND SECURITIES CORPORATION FINANCE OFFICE 17 North Second Street, Suite 1300 Harrisburg, PA 17101-2290 (717) 787-8059 ***** Request for Waiver of Procedures under Regulation 504.060(b) "RESCISSION OFFERS" _________________________________________________________________________________ General Instructions 1. One completed manually signed Form and all attachments should be filed with the Pennsylvania Department of Banking and Securities ("Department"). If mailed, it is advisable to send it by registered or certified mail, postage prepaid, return receipt requested. 2. Typewrite or print all answers in the space provided. If the space is insufficient, attach a schedule to the Form and make reference in the Form to each item included. 3. Do not abbreviate names or use initials. All questions should be answered fully. 4. In answering any question in the Form, the Offeror may incorporate by reference information contained in any document attached thereto or previously on file with the Department. Any such reference should be to the page and paragraph number or other specified portion of the document where the information is located. 5. The Form filed with the Department must be manually signed by the Offeror. If the Offeror is a corporation, it should be signed in the name of the corporation by an executive officer duly authorized; if a partnership, it should be signed in the name of the partnership by a general partner; and if an unincorporated association or other organization not a partnership, it should be signed in the name of such organization by a person responsible for the direction or management of its affairs. With respect to Item 8, the chief executive officer, chief operating officer or chief financial officer must sign on behalf of the corporate general partner, if applicable. 6. No filing fee is required with this Form. 7. Please remove this instruction sheet before filing this Form. Form RO Revised: 7/31/13 1 American LegalNet, Inc. DISCLOSURE GUIDE 8. Attach a copy of disclosure prepared to satisfy the anti-fraud provisions of Section 401(b) of the Act which will be given to each rescission offeree, including the specific source of payment for the rescission offer. 9. Where the Offeror is the issuer and plans to continue offering its securities for sale in Pennsylvania, detailed disclosure should be given if the proceeds from the sale of additional securities will be used to affect the rescission offer. 10. Attach a copy of the proposed Notice of Rescission Offer which contains only the information set forth in Item 14. You are strongly advised to refrain from distributing the rescission offer materials until the completion of the staff review period set forth in Regulation 504.060(b)(1), in the event the Waiver Request is denied. 11. The Notice of Rescission Offer and accompanying disclosure materials are to be delivered to the offeree personally or be sent by certified mail, return receipt requested, to each offeree's last known address. ADVISORY 12. EACH PERSON COMPLETING THIS FORM OR PROVIDING INFORMATION TO BE INCLUDED IN THIS FORM SHOULD BE FAMILIAR WITH THE PENALTIES CONTAINED IN THE ACT, AND ALL REGULATIONS ADOPTED THEREUNDER FOR MAKING FALSE OR INCOMPLETE STATEMENTS IN CONNECTION WITH THE SALE OF A SECURITY OR IN ANY FILING WITH THE DEPARTMENT. 13. A RESCISSION OFFER PERFORMED IN ACCORDANCE WITH THE TERMS OF SECTION 504 MAY IMPACT UPON THE CIVIL LIABILITY OF THE OFFEROR UNDER SECTIONS 501-503 OF THE ACT BUT DOES NOT NECESSARILY PRECLUDE POSSIBLE ADMINISTRATIVE ACTION BY THE OFFICE. SECURITIES SUBJECT TO A RESCISSION OFFER FOR A VIOLATION OF SECTION 201 OF THE ACT REMAIN UNREGISTERED. NOTICE OF RESCISSION OFFER 14. Where a rescission offer is made by the seller of the securities to the purchaser, the letter advising of the rescission offer must contain only the information set forth below. Where a rescission offer is being made by the purchaser to the seller, the letter advising of the rescission offer must contain only the information set forth below except that appropriate modifications should be made in paragraphs 1 and 2 to conform to the provisions of Section 504(e) of the Act. In (insert time period), (insert full description and amount of securities) were offered and sold to residents of the Commonwealth of Pennsylvania. It appears as if the provisions of Section (insert 201, Form RO Revised: 7/31/13 2 American LegalNet, Inc. 301 or 401-406) of the Pennsylvania Securities Act of 1972 (1972 Act) relating to (insert "registration of securities" for a § 201 violation; "registration of persons selling securities" for a § 301 violation; and "compliance with anti-fraud provisions" for a § 401-406 violation) may not have been complied with in connection with the offer or sale of these securities. Accordingly, (insert name of person making this rescission offer) is offering to repurchase these securities from you for your purchase price for cash plus 6% interest from the date of purchase less any dividends, interest payments or cash distributions paid to date. The enclosed disclosure materials should be reviewed carefully before deciding whether to accept or reject the offer to repurchase your securities. This offer remains open for 30 days from the date you receive this Notice. During such time you may either accept or refuse the offer. If you no longer own the securities which are the subject of this offer to repurchase, (insert Offeror's name) offers to pay you, upon acceptance of the offer, an amount in cash equal to the damages, if any, computed in accordance with Section 501(a) of the 1972 Act as more fully described in the accompanying disclosure materials. If you affirmatively REJECT the offer or fail to affirmatively ACCEPT the offer within 30 days in the manner described in the accompanying disclosure materials, any rights you may have with respect to any failure to comply with Section (insert 201, 301 or 401) of the 1972 Act will be terminated. Form RO Revised: 7/31/13 3 American LegalNet, Inc. FORM RO COMMONWEALTH OF PENNSYLVANIA PENNSYLVANIA DEPARTMENT OF BANKING AND SECURITIES CORPORATION FINANCE OFFICE Request for Waiver of Procedures under Regulation 504.060(b) "RESCISSION OFFERS" ____________________________________________________________________________________ _ 1. 2. Exact Name
Link/Embed this Document

Popular Searches

  2. notice of hearing
  3. request for dismissal
  4. interrogatories
  5. Ex Parte
  6. satisfaction of judgment
  7. civil
  8. custody
  9. notice
  10. child custody

Bookmark and Share