Does the Ohio Securities Act provide a means for recovering money lost on an investment?
Yes. R.C. 1707.43 provides that every sale or contract for sale made in violation of the Act is voidable at the election of the purchaser. An action for rescission under this section must be brought within two (2) years of when the purchaser knew of the violation or within four (4) years of when the purchase was made, whichever is shorter. A purchaser should consult legal counsel to pursue this remedy.
Related Questions
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- Does the Ohio Securities Act provide a means for recovering money lost on an investment?
