2009 Opinions

12/9/2009 

The Securities Comissioner has issued an Order of Exemption from licensing as an investment adviser to Dauntless Financial, LLC

Opinion Request

Opinion Order

7/8/2009

The staff of the Colorado Division of Securities has taken a "No-Action" position as to the licensing requirements for broker-dealers and securities sales representatives under §11-51-401 with respect to the sale of commercial paper to sophisticated, institutional investors by employees of companies who do not receive transaction based compensation, but whose primary function is the offer and sale of the paper.(General Electric Company)

7/8/2009

The staff of the Colorado Division of Securities has taken a "No-Action" position as to the licensing requirements for broker-dealers and securities sales representatives under §11-51-401 with respect to the distribution by a parent corporation to its shareholders a dividend of the shares of a wholly owned subsidiary of the parent corporation.(Cardinal Health, Inc.)

3/25/2009

The staff of the Colorado Division of Securities has taken a "no-action" position with regard to the offer and sale of Microcredit Enterprises Global Alleviation Notes which provide financial credit and other services to facilitate the provision of microfinance globally.

OPINION REQUEST AND ANSWER  

1/25/2009

The Staff of the Division of Securities has issued an opinion letter defining the meaning of the term "associate with" as it is used in an Order of Permanent Injunction entered against W. Alan Gay on October 24, 2007, and as is related to certain activites set forth in the request.

OPINION REQUEST AND ANSWER