Pursuant to Minnesota Statute 2024, section 80A.50(a), issuers of federal covered securities sold or offered in Minnesota may be required to file notice of the offering to the Minnesota Department of Commerce. If such issuers fail to file proper notice, or otherwise fail to comply with Minnesota Statutes Chapter 80A, the Commissioner may issue an Order suspending the offer or sale. See Minnesota Statute 2024, section 80A.50(a)(4).

Please note we cannot offer legal advice or recommendations regarding which notice should be pursued.