The Minnesota Securities Division regulates the offer and sale of securities pursuant to Minnesota’s securities regulations. The Department registers securities offerings, broker-dealers, investment advisers and their representatives, franchises, and those who offer and sell business opportunities. There are several filing options below that are available to issuers and they are regulated by state and federal regulation. 

Minnesota Statute 80A.49 states It is unlawful for a person to offer or sell a security in this state unless: 

1. the security is a federal covered security 
2. the security, transaction, or offer is exempted from registration under sections 80A.45 through 80A.47
3. the security is registered under this chapter

Definition of Security

The State’s legal definitions of “federal covered security” and “security” are included in Minnesota Statute 80A.41 (8) and (30).  These definitions are both broad and complex. If you are unsure whether an offering or transaction qualifies as a security, you should consult with a private attorney familiar with state and federal securities regulations.  

Liability for Violations of Minnesota’s Securities Laws

Persons who offer or sell unregistered securities in violation of Minnesota Statute 80A.49 may be subject to an administrative enforcement action, and/or civil or criminal investigation.  See Minnesota Statutes 80A.68; 80A.75; 80A.76; and 80A.81 for more information.

Information regarding the filing type can be found within each link below.