Oklahoma § 71-412 - Repealed by Laws 2003, c. 347, § 53, eff. July 1, 2004

§ 71-412. Repealed by Laws 2003, c. 347, § 53, eff. July 1, 2004

NOTE: Prior to repeal, this section was amended to read as follows:

(a) Unless otherwise provided for by law, the following shall

be the fees charged pursuant to the provisions of the Oklahoma

Securities Act:

(1) Broker-dealer registration fee or

renewal fee.............................$300.00

(2) Broker-dealer or issuer agent or

broker-dealer principal

registration fee or renewal fee..........$50.00

(3) Broker-dealer agent on an inactive

basis, renewal fee.......................$10.00

(4) Investment adviser registration

fee or renewal fee......................$300.00

(5) Investment adviser annual notice

filing fee..............................$300.00

(6) Investment adviser representative

registration fee or renewal fee..........$50.00

(7) Mass transfer fee..........................$10.00

per transferee

(8) Mailing list fee...........................$30.00 per year

(9) Review of sales literature package.........$50.00

(10) Broker-dealer or investment

adviser financial or operating

reports..................................$50.00

(11) Issuer sales reports.......................$50.00

(12) Notice of exemption filing or

request for order of exemption..........$250.00

(13) Interpretive opinion or no-action

request.................................$250.00

(14) Affidavit request..........................$10.00

(15) Service of process upon the

Administrator............................$10.00

(16) Amendments to registration

statements or notice filings

pursuant to Section 305.2 of

this title involving changes to

the issuer's application or

notice filing form:

(A) examination fee.......................$50.00; and

(B) a filing fee computed in the

same manner as the filing fee

required pursuant to

Oklahoma Statutes - Title 71. Securities

paragraph (1) of subsection

(b) of this section for any

additional securities being

registered.

(17) Copying fee.

(A) 8 1/2" by 14" or smaller................$.25 per page

(B) Larger than 8 1/2" by 14"..............$1.00 per page

(C) Certified copy 8 1/2" by 4"

or smaller...........................$1.00 per page

(D) Certified copy larger than

8 1/2" by 14"........................$2.00 per page

(18) Document search fee for commercial

purpose..................................$20.00 per hour

(19) Notice filing fee for a federal

covered security under Section

18 (b)(4) of the Securities Act

of 1933.................................$250.00

(b) For the purpose of registering securities under this act,

any person filing a registration statement shall pay an examination

fee of Two Hundred Dollars ($200.00) and a filing fee computed upon

the aggregate offering price of the securities sought to be

registered in Oklahoma as follows:

a fee equal to one-tenth of one percent (1/10 of 1%)

of said price; provided, in no event shall the filing

fee be less than Two Hundred Dollars ($200.00) or more

than Two Thousand Five Hundred Dollars ($2,500.00);

however, for securities registered pursuant to Section

304.1 of this title, the filing fee shall be computed

as follows: a fee equal to one-twentieth of one

percent (1/20 of 1%) of the aggregate offering price;

provided, in no event shall the filing fee be less

than One Hundred Dollars ($100.00) or more than Two

Thousand Five Hundred Dollars ($2,500.00).

(c) Any person making a notice filing pursuant to Section

305.2(a) of this title, or renewing such a filing, shall pay a

filing fee of Five Hundred Dollars ($500.00) with each such notice

or renewal filed.

(d) All fees and other charges collected by the Administrator

shall be deposited in the General Revenue Fund with the State

Treasurer, except for the fees deposited in the Oklahoma Department

of Securities Revolving Fund and the amounts deposited in the

Oklahoma Department of Securities Investor Education Revolving Fund.

(e) There is hereby created in the State Treasury a revolving

fund for the Oklahoma Department of Securities to be designated the

"Oklahoma Department of Securities Revolving Fund". The fund shall

be a continuing fund, not subject to fiscal year limitations, and

Oklahoma Statutes - Title 71. Securities

shall consist of fees and other charges collected by the

Administrator as follows:

(1) the fees collected pursuant to paragraphs (1), (4), (5),

(8), (14), (15), (17), and (18) of subsection (a) of this section;

(2) the fees collected pursuant to the provisions of Section

402 of this title as provided in paragraph (9) of subsection (a) of

this section;

(3) the examination fees designated in paragraph (16) of

subsection (a) and in subsection (b) of this section;

(4) the amounts collected pursuant to subsection (f) of Section

411 of this title set forth in paragraph (13) of subsection (a) of

this section; and

(5) One Hundred Fifty Dollars ($150.00) of each filing fee

collected pursuant to subsection (c) of this section.

All monies accruing to the credit of the Oklahoma Department of

Securities Revolving Fund are hereby appropriated and may be

budgeted and expended by the Oklahoma Department of Securities as

may be necessary to perform the duties imposed upon the said

Department by law. Expenditures from the Oklahoma Department of

Securities Revolving Fund shall be made upon warrants issued by the

State Treasurer against claims filed as prescribed by law with the

Director of State Finance for approval and payment.

(f) There is hereby created in the State Treasury a revolving

fund for the Oklahoma Department of Securities to be designated the

“Oklahoma Department of Securities Investor Education Revolving

Fund”. The fund shall be a continuing fund, not subject to fiscal

year limitations, and shall consist of all amounts collected

pursuant to court order or judgment in actions brought by the

Administrator, and amounts received in multistate settlements

participated in by the Department, and interest attributable to the

investment of the fund that shall be deposited in the Oklahoma

Department of Securities Investor Education Revolving Fund. The

Fund may be invested in any investment instrument allowed by

Oklahoma Statutes to the State Treasurer for the investment of state

funds. Any amounts received from any court settlement in excess of

One Million Dollars ($1,000,000.00) shall be transferred to the

General Fund. The Administrator shall use the moneys in this fund

exclusively for the specific purposes of research for education and

education of Oklahoma residents in matters concerning securities

laws and general investor protection. All monies accruing to the

credit of the Oklahoma Department of Securities Investor Education

Revolving Fund are hereby appropriated and may be budgeted and

expended by the Oklahoma Department of Securities as may be

necessary to perform the duties imposed upon the said Department by

law. Expenditures from the Oklahoma Department of Securities

Investor Education Revolving Fund shall be made upon warrants issued

Oklahoma Statutes - Title 71. Securities

by the State Treasurer against claims filed as prescribed by law

with the Director of State Finance for approval and payment.

(g) There is hereby created a petty cash fund for the Oklahoma

Department of Securities. The Director of State Finance and the

Administrator are hereby authorized and it shall be their duty to

fix the maximum amount of the petty cash fund, not to exceed Five

Hundred Dollars ($500.00). The Director of State Finance shall

prescribe all forms, systems, and procedures for administering the

petty cash fund. The fund shall be used solely to pay:

(1) examination, investigation and litigation expenses of the

Oklahoma Department of Securities, including, but not limited to,

court costs, filing fees, copying fees, and witness fees, and

(2) incidental operating expenses of the Oklahoma Department of

Securities not to exceed One Hundred Dollars ($100.00) per

transaction.

(h) Once paid, fees shall be nonrefundable.

Added by Laws 1959, p. 346, § 412, eff. July 1, 1959. Amended by

Laws 1977, c. 233, § 7, emerg. eff. June 15, 1977; Laws 1981, c.

248, § 6, emerg. eff. June 25, 1981; Laws 1983, c. 262, § 14,

operative July 1, 1983; Laws 1984, c. 201, § 3, operative July 1,

1984; Laws 1985, c. 287, § 4, emerg. eff. July 23, 1985; Laws 1986,

c. 189, § 3, operative July 1, 1986; Laws 1986, c. 223, § 52,

operative July 1, 1986; Laws 1987, c. 208, § 97, operative July 1,

1987; Laws 1987, c. 236, § 98, emerg. eff. July 20, 1987; Laws 1988,

c. 108, § 20, eff. Nov. 1, 1988; Laws 1988, c. 175, § 3, operative

July 1, 1988; Laws 1988, c. 204, § 16, operative July 1, 1988; Laws

1989, c. 150, § 6, operative July 1, 1989; Laws 1992, c. 241, § 20,

eff. July 1, 1992; Laws 1994, c. 270, § 2, operative July 1, 1995;

Laws 1995, c. 196, § 18, eff. July 1, 1995; Laws 1997, c. 279, § 21,

eff. July 1, 1997; Laws 1998, c. 152, § 12, eff. July 1, 1998; Laws

1999, c. 109, § 8, eff. July 1, 1999; Laws 2000, c. 310, § 3, eff.

July 1, 2000; Laws 2001, c. 289, § 1, emerg. eff. May 31, 2001; Laws

2002, c. 422, § 1, eff. July 1, 2002; Laws 2003, c. 493, § 9, eff.

Nov. 1, 2003.