Legislative Session number- 85

Bill Name: SF3174

"Minnesota Securities Act"; changing the name from the Uniform Securities Act of
2002 to the Minnesota Securities Act; regulating registration, filings and fees;
defining accredited investor; modifying and exempting certain transactions from
registration requirements, specifying certain notification requirements;
modifying small corporate registration statement requirements; modifying certain
securities registration statement stop orders requirements; modifying
registration requirements and exemptions for securities broker-dealers, agents
and investment advisers and certain notice filing requirements of federal
covered investment advisers; modifying certain filing fees; imposing a federal
covered investment adviser filings fee; eliminating civil liability of
unregistered investment advisor representative; making statutory conforming
changes; specifying instructions to the revisor of statutes
(Ch. 256, 2008)