State v. March

Defendant was charged in an indictment of “ * * * the crime of the unlawful sale of securities without registration as a dealer or salesman” in violation of ORS 59.310. That section defines and describes the prohibited transaction. ORS 59.990 makes it a penal offense to violate ORS 59.310. He was convicted and appeals.

The significant part of ORS 59.310 is:

“(1) No dealer or salesmen shall engage in business as dealer or agent or sell any securities including securities exempted in ORS 59.110, except in transactions exempt under ORS 59.120, unless and until such dealer or salesman has been…