Oregon § 59.485 Required reporting by certain securities professionals of suspected financial exploitation

Oregon Statutes

§ 59.485 — Required reporting by certain securities professionals of suspected financial exploitation

Oregon § 59.485

Vol.2

Title 7Corporations and Partnerships

Ch. 59Securities Regulation

This text of Oregon § 59.485 (Required reporting by certain securities professionals of suspected financial exploitation) is published on Counsel Stack Legal Research, covering Oregon primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Or. Rev. Stat. § 59.485 (2026).

Text

(1)Except as provided in subsection (4) of this section, a qualified individual who has reasonable cause to believe that financial exploitation of a vulnerable person with whom the qualified individual comes into contact has occurred, has been attempted or is being attempted shall, as soon as is practicable, notify the Department of Consumer and Business Services, either orally or in writing.

(2)A notification made under subsection (1) of this section must include the following information, if known:

(a)The identity and address of the vulnerable person;

(b)The identity of all persons that the qualified individual believes are responsible for the suspected or attempted financial exploitation; and

(c)The nature and extent of the suspected or attempted financial exploitation.

(3)Upon re

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(1) Except as provided in subsection (4) of this section, a qualified individual who has reasonable cause to believe that financial exploitation of a vulnerable person with whom the qualified individual comes into contact has occurred, has been attempted or is being attempted shall, as soon as is practicable, notify the Department of Consumer and Business Services, either orally or in writing.
(2) A notification made under subsection (1) of this section must include the following information, if known:
(a) The identity and address of the vulnerable person;
(b) The identity of all persons that the qualified individual believes are responsible for the suspected or attempted financial exploitation; and
(c) The nature and extent of the suspected or attempted financial exploitation.
(3) Upon receipt of a notification under subsection (1) of this section, the department shall:
(a) Immediately forward the notification to the Department of Human Services;
(b) If it reasonably appears that a violation of the Oregon Securities Law or rules adopted thereunder has occurred or is occurring, promptly investigate the suspected or attempted financial exploitation; and
(c) If it reasonably appears that a crime has been committed or attempted, promptly notify a law enforcement agency.
(4) Subsection (1) of this section does not apply to a qualified individual who is employed by a financial institution or trust company.