Wisconsin regulates securities under the Wisconsin Uniform Securities Law, enforced by the Division of Securities within the Department of Financial Institutions. Wisconsin requires registration or exemption for all securities offered or sold in the state.
Wisconsin allows registration by coordination, qualification, or notice filing. Reg D Rule 506 offerings require Form D notice filing with the Division of Securities. Filing fee is $200.
Understanding the core regulatory framework in Wisconsin:
Securities must be registered before offer or sale unless exempt under the Wisconsin Uniform Securities Law
Wisconsin adopted a version of the Uniform Securities Act
Anti-fraud provisions apply to all securities transactions
The Division of Securities has authority to investigate and bring enforcement actions
Wisconsin provides the following exemptions from full securities registration:
Wisconsin imposes civil penalties up to $10,000 per violation, criminal penalties including fines and imprisonment, investor rescission rights, and administrative sanctions.
Wisconsin's manufacturing and food processing sectors generate M&A activity. Transactions involving Wisconsin-based shareholders require compliance when stock is part of the consideration. Acquisition Stars handles Wisconsin filings for multi-state deals.
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 Wisconsin blue sky laws and securities compliance
Our managing partner provides selective securities and M&A counsel for transactions involving Wisconsin blue sky law compliance. Submit your transaction details for a preliminary assessment.
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