MO

Missouri Blue Sky Laws

Missouri regulates securities under the Missouri Uniform Securities Act, enforced by the Commissioner of Securities within the Office of the Secretary of State. Missouri was among the early states to adopt securities regulation and maintains an active enforcement program.

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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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Missouri Securities Regulatory Overview

Regulatory Body
Missouri Secretary of State, Commissioner of Securities
Primary Statute
Missouri Uniform Securities Act (Mo. Rev. Stat. 409.1-101 et seq.)

Registration Requirements

Missouri allows registration by coordination, qualification, or notice filing. Reg D Rule 506 offerings require Form D notice filing with the Commissioner of Securities. Filing fee is $100, due within 15 days of first sale.

Key Provisions of Missouri Securities Law

Understanding the core regulatory framework in Missouri:

1

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

2

Missouri adopted the Uniform Securities Act with state-specific modifications

3

Anti-fraud provisions broadly cover material misrepresentation and deceptive practices

4

The Commissioner of Securities has authority to investigate, subpoena, and bring enforcement actions

Available Exemptions in Missouri

Missouri 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 no more than 25 persons in 12 months
  • Government securities

Penalties for Non-Compliance in Missouri

Missouri imposes civil penalties up to $5,000 per violation, criminal penalties including Class D felony charges, investor rescission rights, and administrative sanctions.

How Missouri Blue Sky Laws Affect Your Transaction

Missouri's diverse economy generates M&A activity across manufacturing, agriculture, and financial services. Transactions involving Missouri-based shareholders require compliance when stock is part of deal consideration. Acquisition Stars works with securities counsel on Missouri compliance for multi-state deals.

Need Help With a Missouri 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 Missouri 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 Missouri.

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Frequently Asked Questions

Common questions about Missouri blue sky laws and securities compliance

What is Missouri's Reg D filing fee?
Missouri charges $100 for Reg D Rule 506 notice filings with the Commissioner of Securities.
Does Missouri follow the Uniform Securities Act?
Yes. Missouri adopted the Uniform Securities Act with state-specific modifications.
Who is the Missouri securities regulator?
The Commissioner of Securities within the Office of the Secretary of State enforces Missouri's securities laws.

Blue Sky Laws in Nearby States

Illinois Blue Sky Laws IL
Kansas Blue Sky Laws KS
Arkansas Blue Sky Laws AR
Iowa Blue Sky Laws IA
Oklahoma Blue Sky Laws OK
View all 50 state blue sky law guides →

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Need Help With Securities Compliance in Missouri?

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

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