Ohio § 1707.151
Full text of Ohio Ohio Revised Code § 1707.151, with citation guidance and answers to common questions.
§ 1707.151.
(A) Application for an investment adviser's license shall be made in accordance with
this section and by filing with the division of securities the information, materials,
and forms specified in rules adopted by the division. (B)(1) The division may investigate any applicant for a license and may require any additional
information as it considers necessary to determine the applicant's business repute
and qualifications to act as an investment adviser. (2) If the application for any license involves investigation outside of this state,
the applicant may be required by the division to advance sufficient funds to pay any
of the actual expenses of the examination. The division shall furnish the applicant with an itemized statement of such expenses
that the applicant is required to pay. (C) The division shall by rule require a natural person who is an applicant for an investment
adviser's license to pass an examination designated by the division or achieve a specified
professional designation. (D) An investment adviser licensed under section 1707.141 of the Revised Code shall employ only investment adviser representatives licensed, or exempted from licensure,
under section 1707.161 of the Revised Code . (E)(1) Except as provided in division (E)(2) of this section, if the division finds that
the applicant is of good business repute, appears to be qualified to act as an investment
adviser, and has complied with this chapter and rules adopted under this chapter by
the division, the division, upon payment of the fees prescribed by division (B) of section 1707.17 of the Revised Code , shall issue to the applicant a license authorizing the applicant to act as an investment
adviser. (2) The division shall issue a license to act as an investment adviser in accordance
with Chapter 4796. of the Revised Code to an applicant if either of the following
applies: (a) The applicant holds a license in another state. (b) The applicant has satisfactory work experience, a government certification, or a
private certification as described in that chapter as an investment adviser in a state
that does not issue that license.
Frequently Asked Questions About Ohio § 1707.151
What does Ohio Revised Code § 1707.151 cover?
Section 1707.151 is part of the Ohio Revised Code, the codified statutory law of Ohio. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Ohio § 1707.151?
A common citation format is "Ohio Revised Code § 1707.151" (Ohio). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Ohio law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Ohio official source linked on this page or consult a licensed Ohio attorney.
How does Ohio § 1707.151 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Ohio can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Ohio.