Kentucky regulates securities under the Kentucky Securities Act, enforced by the Division of Securities within the Department of Financial Institutions. Kentucky requires registration or exemption for all securities offered or sold within the state.
Kentucky allows registration by coordination, qualification, or notice filing for federal covered securities. Reg D Rule 506 offerings require Form D notice filing with the Division of Securities. Filing fee is $250, due within 15 days of first sale.
Understanding the core regulatory framework in Kentucky:
Securities must be registered by coordination, qualification, or notification before offer or sale
Anti-fraud provisions apply to all securities transactions in Kentucky
The Division of Securities has investigative and enforcement authority
Broker-dealers and investment advisers must register before doing business in Kentucky
Kentucky provides the following exemptions from full securities registration:
Kentucky imposes civil penalties up to $10,000 per violation, criminal penalties including fines and imprisonment up to 5 years, investor rescission rights, and administrative sanctions.
Kentucky's manufacturing and healthcare sectors generate M&A activity. Transactions involving Kentucky-resident shareholders require blue sky compliance when stock is part of deal consideration. Acquisition Stars handles Kentucky compliance as part of multi-state transactions.
Acquisition Stars handles blue sky compliance, M&A transactions, and securities offerings nationwide. Managing partner Alex Lubyansky provides direct counsel on every engagement.
Common questions about Kentucky blue sky laws and securities compliance
Our managing partner provides selective securities and M&A counsel for transactions involving Kentucky blue sky law compliance. Submit your transaction details for a preliminary assessment.
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