Okla. Stat. tit. 71, § 71-1-510

A purchaser, seller, or recipient of investment advice may not

maintain an action under Section 1-509 of this title if:

1. The purchaser, seller, or recipient of investment advice

receives in a record, before the action is instituted:

a. an offer stating the respect in which liability under

Section 1-509 of this title may have arisen and fairly

advising the purchaser, seller, or recipient of

investment advice of that person's rights in

connection with the offer, and any financial or other

information necessary to correct all material

misstatements or omissions in the information that was

required by this act to be furnished to that person at

the time of the purchase, sale, or investment advice,

b. if the basis for relief under this section may have

been a violation of subsection B of Section 1-509 of

this title, an offer to repurchase the security for

cash, payable on delivery of the security, equal to

the consideration paid, and interest at the legal rate

of interest per year from the date of purchase, less

the amount of any income received on the security, or,

Oklahoma Statutes - Title 71. Securities Page 66

if the purchaser no longer owns the security, an offer

to pay the purchaser upon acceptance of the offer

damages in an amount that would be recoverable upon a

tender, less the value of the security when the

purchaser disposed of it, and interest at the legal

rate of interest per year from the date of purchase in

cash equal to the damages computed in the manner

provided in this subsection,

c. if the basis for relief under this section may have

been a violation of subsection C of Section 1-509 of

this title, an offer to tender the security, on

payment by the seller of an amount equal to the

purchase price paid, less income received on the

security by the purchaser, and interest at the legal

rate of interest from the date of the sale, or if the

purchaser no longer owns the security, an offer to pay

the seller upon acceptance of the offer, in cash,

damages in the amount of the difference between the

price at which the security was purchased and the

value the security would have had at the time of the

purchase in the absence of the purchaser's conduct

that may have caused liability and interest at the

legal rate of interest per year from the date of the

sale,

d. if the basis for relief under this section may have

been a violation of subsection D of Section 1-509 of

this title, and if the customer is a purchaser, an

offer to pay as specified in subparagraph b of this

paragraph; or, if the customer is a seller, an offer

to tender or to pay as specified in subparagraph c of

this paragraph,

e. if the basis for relief under this section may have

been a violation of subsection E of Section 1-509 of

this title, an offer to reimburse in cash the

consideration paid for the advice and interest at the

legal rate of interest per year from the date of

payment, or

f. if the basis for relief under this section may have

been a violation of subsection F of Section 1-509 of

this title, an offer to reimburse in cash the

consideration paid for the advice, the amount of any

actual damages that may have been caused by the

conduct, and interest at the legal rate of interest

per year from the date of the violation causing the

loss;

2. An offer under paragraph 1 of this subsection states that it

must be accepted by the purchaser, seller, or recipient of

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investment advice within thirty (30) days after the date of its

receipt by the purchaser, seller, or recipient of investment advice,

or any shorter period, of not less than three (3) days, that the

Administrator, by order, specifies;

3. The offeror has the present ability to pay the amount

offered or to tender the security under paragraph 1 of this

subsection;

4. The offer under paragraph 1 of this subsection is delivered
(30) days after the date of its

receipt by the purchaser, seller, or recipient of investment advice,

or any shorter period, of not less than three (3) days, that the

Administrator, by order, specifies;

3. The offeror has the present ability to pay the amount

offered or to tender the security under paragraph 1 of this

subsection;

4. The offer under paragraph 1 of this subsection is delivered

to the purchaser, seller, or recipient of investment advice, or sent

in a manner that ensures receipt by the purchaser, seller, or

recipient of investment advice; and

5. The purchaser, seller, or recipient of investment advice

that accepts the offer under paragraph 1 of this subsection, in a

record within the period specified under paragraph 2 of this

subsection is paid in accordance with the terms of the offer.