Records To Be Preserved By Issuers

01. Required Records. All issuers who effect sales of registered securities, other than through a broker-dealer, shall preserve the following records for at least three (3) years following the expiration of the registration: (7-1-24) a. Copies of all documents contained in the registration statement; (7-1-24) b. Copies of all advertisements, including a record of the dates, names and addresses of media carrying those advertisements; (7-1-24) c. Copies of all communications received and sent by the issuer pertaining to the offer, sale and transfer of the securities, including purchase agreements and confirmations; and (7-1-24) d. A list of the name, address and telephone number of each investor to whom the securities were sold, and for each such person, information regarding: (7-1-24) i. The type of securities sold; (7-1-24) ii. The number and amount of securities sold; (7-1-24) iii. The type of consideration paid; and (7-1-24) iv. The name of the agent that sold the securities. (7-1-24) 02. Retention Period. An issuer will need to retain the records set forth in Subsection 044.01 of this rule for each investor at least three (3) years after the investor’s investment has terminated, even if more than three (3) years has lapsed since the expiration of the registration. (7-1-24) 03. Form. Records may be stored in paper form or electronically. (7-1-24) 045. -- 051. (RESERVED)