MS

Mississippi Blue Sky Laws

Mississippi regulates securities under the Mississippi Securities Act of 2009, enforced by the Securities Division of the Office of the Secretary of State. Mississippi modernized its framework by adopting a version of the Uniform Securities Act.

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Donald Hateley, Of Counsel for securities law at Acquisition Stars

Donald Hateley

Of Counsel, Securities Law | Acquisition Stars

Donald Hateley serves as Of Counsel to Acquisition Stars for securities law matters. His background includes advising public and private companies on securities transactions, corporate finance, and corporate governance, including public and private equity and debt financings. Admitted to the California bar in 1993, he is a graduate of the University of Southern California Marshall School of Business and Southwestern Law School.

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Mississippi Securities Regulatory Overview

Regulatory Body
Mississippi Secretary of State, Securities Division
Primary Statute
Mississippi Securities Act of 2009 (Miss. Code Ann. 75-71-101 et seq.)

Registration Requirements

Mississippi allows registration by coordination, qualification, or notice filing for federal covered securities. 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.

Key Provisions of Mississippi Securities Law

Understanding the core regulatory framework in Mississippi:

1

Securities must be registered before offer or sale unless exempt under the Mississippi Securities Act

2

Mississippi adopted a version of the 2002 Uniform Securities Act effective 2010

3

Anti-fraud provisions apply to all securities transactions

4

The Securities Division has investigative and enforcement authority

Available Exemptions in Mississippi

Mississippi provides the following exemptions from full securities registration:

  • Federal covered securities (Reg D Rule 506, Reg A+ Tier 2, exchange-listed) with notice filing
  • Isolated nonissuer transactions
  • Sales to institutional investors
  • Limited offering exemption for sales to limited persons
  • Government securities

Penalties for Non-Compliance in Mississippi

Mississippi imposes civil penalties up to $10,000 per violation, criminal penalties including fines and imprisonment, investor rescission rights, and administrative sanctions.

How Mississippi Blue Sky Laws Affect Your Transaction

Transactions involving Mississippi-based shareholders require blue sky compliance when stock is used as deal consideration. Acquisition Stars works with securities counsel on Mississippi notice filings for multi-state deals.

Need Help With a Mississippi Securities Transaction?

Acquisition Stars handles M&A transactions nationwide and works with securities counsel on blue sky compliance and securities offerings. Senior attorney Alex Lubyansky provides direct counsel on every M&A engagement. We tell you who would handle your matter before any introduction, and you decide whether to proceed.

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Need Help With a Mississippi Securities Transaction?

Submit your transaction details for a preliminary assessment. We help with the M&A side of the transaction and work with securities counsel on multi-state filings for Reg D, Reg A+, and Reg CF offerings involving Mississippi.

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Frequently Asked Questions

Common questions about Mississippi blue sky laws and securities compliance

What is Mississippi's Reg D filing fee?
Mississippi charges $300 for Reg D Rule 506 notice filings with the Secretary of State's Securities Division.
When did Mississippi modernize its securities laws?
Mississippi adopted the Securities Act of 2009, based on the 2002 Uniform Securities Act, effective in 2010.
Who enforces Mississippi securities laws?
The Securities Division of the Office of the Secretary of State enforces Mississippi's securities laws.

Blue Sky Laws in Nearby States

Alabama Blue Sky Laws AL
Tennessee Blue Sky Laws TN
Arkansas Blue Sky Laws AR
Louisiana Blue Sky Laws LA
View all 50 state blue sky law guides →

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Need Help With Securities Compliance in Mississippi?

Our managing partner provides selective M&A counsel and works with securities counsel on transactions involving Mississippi blue sky law compliance. Submit your transaction details for a preliminary assessment.

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