NM

New Mexico Blue Sky Laws

New Mexico regulates securities under the New Mexico Securities Act of 1986, enforced by the Securities Division of the Regulation and Licensing Department. New Mexico requires registration or exemption for all securities offered or sold in the state.

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New Mexico Securities Regulatory Overview

Regulatory Body
New Mexico Regulation and Licensing Department, Securities Division
Primary Statute
New Mexico Securities Act of 1986 (NMSA 58-13C-101 et seq.)

Registration Requirements

New Mexico allows registration by coordination, qualification, or notice filing. Reg D Rule 506 offerings require Form D notice filing with the Securities Division. Filing fee is $350.

Key Provisions of New Mexico Securities Law

Understanding the core regulatory framework in New Mexico:

1

Securities must be registered before offer or sale unless exempt

2

The Securities Division has authority to investigate and bring enforcement actions

3

Anti-fraud provisions apply to all securities transactions

4

Broker-dealers and investment advisers must register

Available Exemptions in New Mexico

New Mexico 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 exemptions
  • Government securities

Penalties for Non-Compliance in New Mexico

New Mexico imposes civil penalties, criminal penalties including fines and imprisonment, investor rescission rights, and administrative sanctions.

How New Mexico Blue Sky Laws Affect Your Transaction

Transactions involving New Mexico-based shareholders require blue sky compliance when stock is used as deal consideration. Acquisition Stars handles New Mexico notice filings for multi-state transactions.

Need Securities Counsel for a New Mexico Transaction?

Acquisition Stars handles blue sky compliance, M&A transactions, and securities offerings nationwide. Managing partner Alex Lubyansky provides direct counsel on every engagement.

Frequently Asked Questions

Common questions about New Mexico blue sky laws and securities compliance

What is New Mexico's Reg D filing fee?
New Mexico charges $350 for Reg D Rule 506 notice filings with the Securities Division.
Who regulates securities in New Mexico?
The Securities Division of the Regulation and Licensing Department enforces New Mexico's securities laws.
Does New Mexico conduct merit review?
New Mexico may apply review standards to certain registrations. Reg D Rule 506 offerings require only notice filing.

Need Securities Compliance Counsel in New Mexico?

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

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