Securities Laws & Rules


The Securities Department enforces the Montana Securities Act specifically relating to:

  • Registration of broker-dealers, investment advisers, salespeople and representatives
  • Registration, notification, and exemption of securities issuers
  • Fraudulent and unethical practices relating to broker-dealers, investment advisers, salespeople and representatives
  • Multi-level marketing companies
  • Living Trust companies

Securities firms and securities industry professionals, as well as securities issuers, multi-level marketing companies, and living trust companies wishing to advertise or do business to or from Montana are strongly encouraged to read the chapter of the Administrative Rules of Montana that relates to the Montana Securities Act.

Montana Code Annotated


Broker-Dealers, Investment Advisers, Securities Salespeople, Investment Adviser Representatives

Registration: § 30-10-201
Fees: § 30-10-209
Offenses and Penalties: §§ 30-10-301 thru 30-10-323

Issuers

Effective September 25, 2015, the Office of the Montana State Auditor, Commissioner of Securities and Insurance, will require all issuers filing pursuant to Mont. Code Ann. § 30-10-211(2) [Reg D, Rule 506 filings] to file electronically through the Electronic Filing Depository.

Exemptions: §§ 30-10-104 and 30-10-105
Notice Filings:  § 30-10-211
Registration: §§ 30-10-202 thru 30-10-208
Fees: § 30-10-209
Offenses and Penalties: §§ 30-10-301 thru 30-10-323

Multi-level Marketing Companies

Notice Filing: §§ 30-10-324 thru 30-10-326

Living Trust Companies

Montana Living Trust Act: §§ 30-10-901 thru 30-10-915

 



Need more help?
  Call the Commissioner’s hotline at 800-332-6148