The Securities Department protects Montana investors by regulating securities transactions.
Brokerage firms and their representatives doing business in Montana must be registered with the department. The department also registers some of the investment advisers in Montana and all investment adviser representatives in Montana.
In addition to registering firms and salespeople, the department registers some of the securities that are bought and sold in Montana. There are exemptions available, which permit the offer and sale of certain securities without being registered with the department.