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 & Audit Division, oversees the registration of individuals and entities that provide investment-related advice to Michigan residents, the registration and exemption of products, and investigates complaints related to securities.
Securities sold in Michigan must be registered, or exempt 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 exempt from registration, under the MUSA.
The Corporations, Securities & Commercial Licensing Bureau (CSCL) 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).
Consumers
- Disciplinary Action Reports
- U.S. Securities and Exchange Commission (SEC) Issues Crowdfunding Rules
- Financial Industry Regulatory Authority (FINRA) Securities Helpline for Seniors
- Small Business Capital Formation Options in Michigan
- Crowdfunding - Things to Keep in Mind
- Intrastate Equity Crowdfunding
- Issuing and Investing in Securities through Crowdfunding: Frequently Asked Questions
- Filing a Complaint with CSCL
- Enforcement
- Checking on a Company or Individual
Contact
- Michigan Department of Licensing & Regulatory Affairs
Corporations, Securities & Commercial Licensing Bureau
Securities
Mailing Address:
PO Box 30018
Lansing, MI 48909Street Address:
(Please note: Mail/Packages should not be sent to this address)
2501 Woodlake Circle
Okemos, MI 48864
Overnight Deliveries:
Corporations, Securities & Commercial Licensing
Securities Section
2407 N. Grand River Ave.
Lansing, MI 48906
