Section 3.08.222. Suitability standards.

Latest version.

In reviewing the registration application of a commodity or option pool, or other investment considered by the administrator to be above average in terms of risk of loss or volatility, the administrator will, in the administrator's discretion, require that the issuer offer the security only to purchasers with  
		(1) a minimum annual gross income of $70,000 and a minimum net worth of $70,000, exclusive of principal automobile, principal residence, and home furnishings; or  
		(2) a minimum net worth of $250,000, exclusive of principal automobile, principal residence, and home furnishings.

Authorities

45.55.120;45.55.950

Notes

Authority
 AS 45.55.120  
AS 45.55.950  
History Eff. 4/19/2000, Register 154; am 1/17/2016, Register 217

                    
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