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Washington Administrative Code (Last Updated: November 23, 2016) |
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Title 460. Financial Institutions, Department of (Securities Division) |
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Chapter 460-99C. Crowdfunding. |
Section 460-99C-200. Integration.
Latest version.
- (1) All sales that are part of the same offering in reliance on these rules must meet all of the terms and conditions of these rules. Offers and sales that are made more than six months before the start of an offering or are made more than six months after completion of an offering, will not be considered part of that offering, so long as during those six month periods there are no offers or sales of securities by or for the issuer that are of the same or a similar class as those offered or sold under these rules, other than those offers or sales of securities under an employee benefit plan.(2) The following factors should be considered in determining whether offers and sales should be integrated for purposes of the crowdfunding exemption under these rules:(a) Whether the sales are part of a single plan of financing;(b) Whether the sales involve issuance of the same class of securities;(c) Whether the sales have been made at or about the same time;(d) Whether the same type of consideration is received; and(e) Whether the sales are made for the same general purpose.