Saturday, July 16, 2011

Ohio Eliminates Consent to Service of Process from Rule 506 Filings

A consent to service of process on either Form U-2 or Form 11 is no longer required by the Ohio Securities Division for Rule 506 notice filings, even though the Ohio Securities Act change at section 1707.11 eliminating the consent to service of process from Rule 506 notice filings does not take effect until September 28, 2011 and a proposed amendment to delete the requirement from Ohio rule 1301:6-3-03(G) has not yet been made.

Please contact Mark Heuerman, the Registration Chief at the Ohio Securities Division with any questions at (614) 644-9529.