Louisiana regulates securities under the Louisiana Securities Law, enforced by the Securities Division of the Office of Financial Institutions. Louisiana maintains its own regulatory framework distinct from the Uniform Securities Act, reflecting the state's unique legal tradition.
Louisiana allows registration by coordination, qualification, or notification. Reg D Rule 506 offerings require Form D notice filing with the Securities Division. Filing fee is $300, due within 15 days of first sale to a Louisiana investor.
Understanding the core regulatory framework in Louisiana:
Securities must be registered before offer or sale in Louisiana unless an exemption applies
Louisiana maintains its own securities framework distinct from the Uniform Securities Act
Anti-fraud provisions prohibit material misrepresentation and manipulative practices
The Securities Division has authority to investigate, subpoena, and bring enforcement actions
Louisiana provides the following exemptions from full securities registration:
Louisiana imposes civil penalties up to $5,000 per violation, criminal penalties including fines up to $10,000 and imprisonment up to 5 years, investor rescission rights, and administrative sanctions.
Louisiana's energy and maritime sectors generate M&A activity. Transactions involving Louisiana-based shareholders require compliance when stock consideration is involved. Acquisition Stars handles Louisiana notice filings for 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 Louisiana blue sky laws and securities compliance
Our managing partner provides selective securities and M&A counsel for transactions involving Louisiana blue sky law compliance. Submit your transaction details for a preliminary assessment.
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