Minnesota Adopts Securities Rules to Coordinate with 2007 Uniform Securities Act

By James Hamilton, J.D., LL.M.

New rules involving federal covered securities, exemptions from registration and securities registrations, broker-dealers, agents, investment advisers and federal covered investment advisers were adopted by the Minnesota Department of Commerce to coordinate with the State's Uniform Securities Act that took effect on August 1, 2007. The rules take effect November 1, 2009.

For more information on the new rules, please see here.