Title: MNvest Portal Operator Registration
Alternate Title:
Description:
MNvest is not administered by the Minnesota Department of Commerce or any other state agency. MNvest is only a shorthand reference to a 2015 amendment to the Minnesota Securities Act (Minn. Stat. § 80A.461). Minnesota Department of Commerce
Subject: Investment Advisors
Securities
Securities Professionals
Creation Date: 10/4/2016 2:17:13 PM
Modification Date: 2/5/2025 5:55:42 PM
Agency Name: Commerce, Minnesota Department of
Agency URL: https://mn.gov/commerce/
Agency Description:
The Minnesota Department of Commerce is the chief regulator for the banking, energy, insurance, real estate, securities, telecommunications industries and also operates Minnesota's Unclaimed Property.
Agency Phone: 651-539-1500
Agency Fax: Agency URL: https://mn.gov/commerce/
Agency Address:
85 7th Place East, Suite 500
St. Paul
MN
55101
Unit Name: Securities Unit
Unit URL:
Unit Description:
Unit Phone: 651-539-1638
Unit Fax: Contact person(s): securities.commerce@state.mn.us
Unit URL:
Audience: Hold
Application URL:
Renewal URL:
Versa URL:
Requirements:
Review MNvest
Raising capital for a Minnesota business through crowdfunding with small investments from a large number of investors
In Minnesota, beginning June 20, 2016, eligible businesses can use a crowdfunding exemption from securities registration to raise investment funds by selling securities to Minnesota residents. The exemption is known as the “MNvest Securities Registration Exemption”—or, simply, “MNvest.”
MNvest is not administered by the Minnesota Department of Commerce or any other state agency. MNvest is only a shorthand reference to a 2015 amendment to the Minnesota Securities Act (Minn. Stat. § 80A.461).
Rules: 2876
Statutes: 80A
Forms:
Issuer Notice Form
Portal Operator Registration Form
Registered Portal Operator Renewal Instructions
Per Minn. Stats. § 80A.461 Subdivision 7 (b): A portal operator's registration expires 12 months from the date the administrator has approved the entity as a portal operator and subsequent registration for the succeeding 12-month period shall be issued upon written application and upon payment of a renewal fee of $200, without filing of further statements or furnishing any further information, unless specifically requested by the administrator.
To renew a portal operator registration, the portal operator must submit a MNvest Portal Operator Registration Form marked to indicate it is an application for renewal, along with the fee required by Minn. Stats. § 80A.461, subdivision 7, paragraph (b), to the administrator at least 15 days prior to the expiration of the portal operator's registration. Unless an order is in effect under Minn. Stats. § 80A.67, a complete application for renewal of a portal operator registration automatically becomes effective 16 days after the administrator receives the renewal application, or immediately upon the expiration of the portal operator's existing registration, whichever occurs later.
Applications marked for renewal and the renewal payment must be received by the MN Department of Commerce before the above-referenced deadline. The renewal application and the $200 payment has to be mailed to:
Minnesota Department of Commerce
Securities Section
85 7th Place East, Suite 280
Saint Paul, MN 55101
Fees:
Filing fee - $200
Renewal fee - $200
Period of Issuance:
Length of Determination:
Other Info:
Activity: Securities Sales
License Detail URL:
MNvest
Securities
