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Oregon Blue Sky Laws

Oregon regulates securities under the Oregon Securities Law, enforced by the Division of Financial Regulation within the Department of Consumer and Business Services. Oregon requires registration or exemption for securities offered or sold in the state.

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Oregon Securities Regulatory Overview

Regulatory Body
Oregon Division of Financial Regulation (Department of Consumer and Business Services)
Primary Statute
Oregon Securities Law (ORS Chapter 59)

Registration Requirements

Oregon allows registration by coordination, qualification, or notice filing. Reg D Rule 506 offerings require Form D notice filing with the Division of Financial Regulation. Filing fee is $250, due within 15 days of first sale.

Key Provisions of Oregon Securities Law

Understanding the core regulatory framework in Oregon:

1

Securities must be registered before offer or sale unless exempt under ORS Chapter 59

2

The Division of Financial Regulation has authority to investigate and bring enforcement actions

3

Anti-fraud provisions apply to all securities transactions in Oregon

4

Oregon requires registration of broker-dealers and investment advisers

Available Exemptions in Oregon

Oregon provides the following exemptions from full securities registration:

  • Federal covered securities (Reg D Rule 506, Reg A+ Tier 2, exchange-listed) with notice filing
  • Isolated nonissuer transactions
  • Sales to institutional investors
  • Limited offering exemptions for sales to no more than 10 persons in 12 months
  • Government securities

Penalties for Non-Compliance in Oregon

Oregon imposes civil penalties up to $10,000 per violation, criminal penalties including fines and imprisonment, investor rescission rights, and administrative sanctions.

How Oregon Blue Sky Laws Affect Your Transaction

Oregon's technology sector and growing business environment generate M&A activity. Transactions involving Oregon-based shareholders require compliance when stock is part of the consideration. Acquisition Stars handles Oregon notice filings for multi-state transactions.

Need Securities Counsel for a Oregon Transaction?

Acquisition Stars handles blue sky compliance, M&A transactions, and securities offerings nationwide. Managing partner Alex Lubyansky provides direct counsel on every engagement.

Frequently Asked Questions

Common questions about Oregon blue sky laws and securities compliance

What is Oregon's Reg D filing fee?
Oregon charges $250 for Reg D Rule 506 notice filings with the Division of Financial Regulation.
Who regulates securities in Oregon?
The Division of Financial Regulation within the Department of Consumer and Business Services enforces Oregon's securities laws.
Does Oregon conduct merit review?
Oregon does not apply merit review to Reg D Rule 506 offerings. Only notice filing is required.

Need Securities Compliance Counsel in Oregon?

Our managing partner provides selective securities and M&A counsel for transactions involving Oregon blue sky law compliance. Submit your transaction details for a preliminary assessment.

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