Securities, Exemptions, Blue Sky Laws

When Do Blue Sky Laws Apply?

Allen Matkins on 4/15/2025

In my experience, many securities lawyers are well versed in the federal securities laws, but have little experience with state securities laws. This is understandable because federal law in many cases preempts state...more

Finding More Clarity in State Blue Sky Laws: Shedding Light on Exclusions from Municipal Bond Exemptions

Harris Beach Murtha PLLC on 6/8/2022

We conclude our series exploring the lack of uniformity – and sometimes lack of guidance – that makes it challenging to interpret state Blue Sky laws. Today’s example addresses the exclusion from the use of the municipal...more

State Blue Sky Laws: Shedding Light on Exclusions from Municipal Bond Exemptions

Harris Beach Murtha PLLC on 5/12/2022

We continue our series exploring the lack of uniformity – and sometimes lack of guidance – that makes it challenging to interpret state Blue Sky laws. Today’s example addresses the exclusion from the use of the municipal...more

When To Worry About Blue Sky Laws

Allen Matkins on 10/24/2018

Recently, I came across a very helpful table on the SEC's website. The table illustrates which offerings exempt from Section 5 of the Securities Act may be subject to state registration or qualification requirements...more

OTC Markets, Inc. Asks SEC To Open Regulation A+ to Reporting Issuers

Stinson - Corporate & Securities Law Blog on 6/9/2016

On June 6, 2016, the OTC Markets Group Inc., the entity operating three major over-the-counter marketplaces (“OTC”), submitted a rulemaking petition to the SEC. The petition asked the SEC to amend Regulation A+ to allow...more

SEC Adopts Regulation A+

Bradley Arant Boult Cummings LLP on 8/28/2015

Newly adopted exemption to securities registration requirements may offer new capital raising opportunities for developing companies - A company that seeks to raise capital by offering or selling securities to potential...more