New York 359-f(2) Exemption Instruction Sheet is a form used by taxpayers in New York to claim an exemption from the state's sales and use tax law. The form is used to claim an exemption for tangible personal property or services purchased for a business purpose. There are three types of New York 359-f(2) Exemption Instruction Sheet: Form ST-119.1, Form ST-119.2, and Form ST-119.3. Form ST-119.1 is used for purchases made from a vendor; Form ST-119.2 is used for purchases made from a catalog or mail order; and Form ST-119.3 is used for purchases made from an out-of-state vendor. The form must be completed and signed by the purchaser and the vendor and must include an explanation of the exemption being claimed, as well as the purchaser's name, address, and tax identification number.
New York 359-f(2) Exemption Instruction Sheet
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Widely considered to be the most severe blue sky law in the U.S, the Martin Act has been used to bring charges against some of the largest financial institutions in the world. It should be noted that there is no New York State requirement for registering securities before selling them.
It is unlawful for any broker or dealer to employ a salesman unless the salesman is registered. The registration of a salesman is suspended during any period when he is not associated with a particular broker or dealer registered under this act or a particular issuer.
Policy Statement 104 provides an exemption application from the filing requirements of GBL section 352-e for certain offerings that fall within the statutory subcategories of GBL section 359-f(2).
SECTION 4(a)(2) of the Securities Act of 1933 (the ?Act?) exempts from registration ?transactions by an issuer not involving any public offering.? It is section 4(a) (2) that permits an issuer to sell securities in a ?private placement? without registration under the Act.
FINRA broker-dealers must register by filing Form BD through the Central Registration Depository (CRD) online portal. All correspondence to FINRA should be sent to: P.O. Box 9401, Gaithersburg MD 20898-9401. All pertinent information is received through the CRD by the New York State Department of Law.
It shall be unlawful for any dealer, broker or salesman to sell or offer for sale to or purchase or offer to purchase from the public within or from this state, any securities issued or to be issued, unless and until such dealer, broker or salesman shall have filed with the department of law a registration statement as
New York securities fraud laws provide the state's attorney general with the power to investigate and sue any person, partnership, or corporation that employs any device or scheme to defraud or to obtain money or property by means of any false pretense, representation, or promise.