Blue sky manual exemption states

 · 25 States Now Recognize OTCQX for “Blue Sky Manual Exemption”. Posted on J by PubCoCEO Staff Leave a comment. Last week, OTC Markets announced that 25 states now recognize the OTCQX market for the purposes of their “Blue Sky Manual Exemption” for secondary trading. Since the recognition by the SEC that OTCQX and Estimated Reading Time: 2 mins.  · An example of when an issuing entity is exempt from the blue sky law is when the security is listed on a national stock exchange, like the NASDAQ. Businesses listed in this manner can ask for a "manual exemption," which ironically is an automatic exemption that allows them to sell securities within the state. Where it gets a little fuzzy is with securities that are Estimated Reading Time: 9 mins. The Manual Exemption. The Manual Exemption is a state exemption for the secondary trading of securities. There are a total of 54 U.S. jurisdictions, including all 50 states and 4 territories, each with their own securities laws. Forty-four (44) of these jurisdictions offer a form of the Manual Exemption for the secondary trading of securities.

State Blue Sky laws generally help investors make informed decisions by mandating that companies disclose accurate and current information when offering or marketing securities. Regulators and brokers across the country rely on disclosure-based manual exemptions from individual state Blue Sky laws. An example of when an issuing entity is exempt from the blue sky law is when the security is listed on a national stock exchange, like the NASDAQ. Businesses listed in this manner can ask for a "manual exemption," which ironically is an automatic exemption that allows them to sell securities within the state. Where it gets a little fuzzy is with securities that are available only in the over-the-counter (OTC) market. The OTCQX and OTCQB markets have exemptions in 27 states: Alaska, Arkansas, Connecticut, Colorado, Delaware, Georgia, Hawaii, Indiana, Iowa, Louisiana, Maine, Mississippi, Nebraska, New Jersey.

May Blue sky laws were enacted by state governments to prevent securities states issue a "manual exemption," which (despite the name). State Blue Sky laws apply to Regulation A Offerings for both the offer and 38 states currently recognize the Manual Exemption for secondary trading of. Apr Forty-four U.S. states and jurisdictions maintain "Manual Exemptions," which generally allow for secondary trading of qualifying companies as.