Ohio Rev. Code » Chapter 1707
Ohio Revised Code

Ohio Rev. Code § 1707.16 (2026)

Application for and issuance of salesperson's license

✓ current as of May 2026
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Effective:
December 29, 2023
Latest Legislation:
Senate Bill 131 - 134th General Assembly
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(A) Every salesperson of securities must be licensed by the division of securities and shall be employed, authorized, or appointed only by the licensed dealer specified in the salesperson's license. If the relationship between the salesperson and the dealer is severed, the salesperson's license shall be void.

(B) Application for a salesperson's license shall be made in accordance with this section and by filing with the division the information, materials, and forms specified in rules adopted by the division, along with all of the following information:

(1) The name and complete residence and business addresses of the applicant;

(2) The name of the dealer who is employing the applicant or who intends to employ the applicant;

(3) The applicant's age and education, and the applicant's experience in the sale of securities; whether the applicant has ever been licensed by the division, and if so, when; whether the applicant has ever been refused a license by the division; and whether the applicant has ever been licensed or refused a license or any similar permit by any division or commissioner of securities, whatsoever name known or designated, anywhere.

(C) The division shall by rule require an applicant to pass an examination designated by the division.

(D)(1) Except as provided in division (D)(2) of this section, if the division finds that the applicant is of good business repute, appears to be qualified to act as a salesperson of securities, and has fully complied with this chapter, and that the dealer named in the application is a licensed dealer, the division shall, upon payment of the fees prescribed by section 1707.17 of the Revised Code, issue a license to the applicant authorizing the applicant to act as salesperson for the dealer named in the application.

(2) The division shall issue a license to act as a salesperson of securities in accordance with Chapter 4796. of the Revised Code to an applicant if either of the following applies:

(a) The applicant holds a license in another state.

(b) The applicant has satisfactory work experience, a government certification, or a private certification as described in that chapter as a salesperson of securities in a state that does not issue that license.

Last updated December 29, 2023 at 7:13 AM

Notes of Decisions
Cited in 4 cases (1 in the last 5 years), 1982–2024 · leading case: State v. Willan, 2011 Ohio 6603 (Ohio Ct. App. 2011).
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State v. Willan, 2011 Ohio 6603 (Ohio Ct. App. 2011). · cites it 4× “14 of the Revised Code, and no salesperson shall sell securities in this state without being 10 licensed pursuant to section 1707.16 of the Revised Code.” Divisions (A), (B), and (C) of R.”
Westminster Fin. Companies v. Briarcliff Capital Corp., 805 N.E.2d 191 (Ohio Ct. App. 2004). · cites it 2× “However, in their brief, appellees cite R.C. 1707.16(A), 1707.01(E), and 1707.14(A).”
State v. Trivedi, 457 N.E.2d 868 (Ohio Ct. App. 1982). “R.C. 1707.16. Trivedi admittedly took such an examination.”
Bitounis v. Interactive Brokers, L.L.C., 2024 Ohio 2905 (Ohio Ct. App. 2024). · cites it 2× “14 of the Revised Code, and no salesperson shall sell securities in this state without being licensed pursuant to section 1707.16 of the Revised Code. (2) No person shall engage in any act or practice that violates division (A) of section 1707.”
Ohio Rev. Code § 1707.16(A): 1 case
Westminster Fin. Companies v. Briarcliff Capital Corp., 805 N.E.2d 191 (Ohio Ct. App. 2004). “However, in their brief, appellees cite R.C. 1707.16(A), 1707.01(E), and 1707.14(A).”
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