Ohio Code 1707.164 – Bureau chief investment officer – securities license required
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(A) No person shall act as a bureau of workers’ compensation chief investment officer unless the person is licensed as a bureau of workers’ compensation chief investment officer by the division of securities.
Terms Used In Ohio Code 1707.164
- Dealer: except as otherwise provided in this chapter, means every person, other than a salesperson, who engages or professes to engage, in this state, for either all or part of the person's time, directly or indirectly, either in the business of the sale of securities for the person's own account, or in the business of the purchase or sale of securities for the account of others in the reasonable expectation of receiving a commission, fee, or other remuneration as a result of engaging in the purchase and sale of securities. See Ohio Code 1707.01
- Person: except as otherwise provided in this chapter, means a natural person, firm, partnership, limited partnership, partnership association, syndicate, joint-stock company, unincorporated association, trust or trustee except where the trust was created or the trustee designated by law or judicial authority or by a will, and a corporation or limited liability company organized under the laws of any state, any foreign government, or any political subdivision of a state or foreign government. See Ohio Code 1707.01
- salesperson: means every natural person, other than a dealer, who is employed, authorized, or appointed by a dealer to sell securities within this state. See Ohio Code 1707.01
(B) No bureau of workers’ compensation chief investment officer shall act as a dealer, salesperson, investment advisor, or investment advisor representative.