In Oregon investors have rights and protections under state and federal laws and regulations.
The Oregon Securities Law (ORS Chapter 59) is the state law that protects investors and regulates the sale of securities in Oregon. It is administered by the Oregon Division of Financial Regulation (DFR).
The Oregon Securities Law is designed to protect investors from misrepresentation, omissions, and fraud by ensuring that investors have access to accurate information about the securities they are considering purchasing.
The Oregon Securities Law requires that all securities offered for sale in Oregon be registered with the DFR, unless the securities or transactions are exempt. Exempt securities include:
Securities issued by the United States or the state of Oregon
Securities issued by certain banks and other financial institutions
Certain private securities
The Oregon Securities Law also requires that all broker-dealers, agents, and investment advisers who offer or sell securities in Oregon be registered with the DFR.
Some of the key provisions of the Oregon Securities Law:
Registration of securities: All securities offered for sale in Oregon must be registered with the DFR, unless the securities or transactions are exempt.
Registration of broker-dealers, agents, and investment advisers: All broker-dealers, agents, and investment advisers who offer or sell securities in Oregon must be registered with the DFR.
Anti-fraud provisions: The Oregon Securities Law prohibits fraud and other unfair practices in the sale of securities.
Enforcement: The DFR and private attorneys are responsible for enforcing the Oregon Securities Law. The DFR can investigate alleged violations of the law and take enforcement actions, such as issuing cease-and-desist orders and imposing fines.
Make sure the broker-dealer and investment adviser are registered with the Oregon DFR. You can check the DFR's website to see if a broker-dealer or investment adviser is registered.
Make sure the securities are registered with the Oregon DFR. You can check the DFR's website to see if a security is registered.
Get a copy of the prospectus for the security before you invest. The prospectus is a document that contains important information about the security, such as the risks involved in the investment.
In addition to Oregon Securities Laws, the following federal laws protect Oregon investors:
If you live in Oregon and have been harmed by securities fraud or misconduct, contact our law firm to discuss your legal options.