Legislative Session number- 89

Bill Name: SF0138

2E Relating to securities regulations; establishing the MNvest program;
providing for MNvest securities registration exemption for crowdfunding
transactions; requiring securities offered and sold must be from Minnesota
businesses to Minnesota residents and conducted through the MNvest Web site
portal; defining certain terms; establishing certain requirements of a MNvest
offering; specifying certain required disclosures to and required certification
from prospective MNvest offering purchasers; establishing certain requirements
for a MNvest portal and those of a prospective portal operator; specifying
privacy of purchaser information provided to a portal operator; providing bad
actor disqualification; specifying certain portal operator nonpublic records
confidentiality requirements
(me)