Skip Navigation
LARA: Department of Licensing and Regulatory AffairsPORTAL_HEADER_LOGO
Michigan.gov Home
close print view

Securities

The Michigan Uniform Securities Act (MUSA), 2008 PA 551, provides for the regulation of all aspects of the securities industry under state authority. The Securities Section, of the Licensing Division, oversees the registration of individuals and entities that provide investment-related advice to Michigan residents, the Audit and Examination Division oversees the registration and exemption of products, and the Enforcement Division investigates complaints related to securities.

Securities sold in Michigan must be registered, or exempted from registration, under the MUSA. All persons or businesses that offer or sell securities in this state or advise (for a fee) on what securities should be bought or sold must be registered, or exempted from registration, under the MUSA.

The Corporations, Securities & Commercial Licensing Bureau is committed to educating and protecting Michigan investors and consumers while fostering efficient capital formation in Michigan.  The Bureau works closely and cooperatively with federal and state securities agencies, the North American Securities Administrators Association (NASAA), and self-regulatory organizations (SROs). 



QR code

Michigan.gov Home
PoliciesMichigan NewsMichigan.gov Survey


Copyright © 2014 State of Michigan