KY SB275

Amends KRS 292.420 to make technical and stylistic updates to Kentucky's securities law, replacing outdated language like "such" with "the" and "and/or" with "or"

Requires persons selling or offering securities in Kentucky to file exemption claims with the commissioner, who may demand additional information if filings are misleading, incorrect, or inadequate

Authorizes the commissioner to suspend or cancel registration of broker-dealers, agents, or investment advisers who refuse to furnish required information within the specified timeframe

Establishes a $250 filing fee for interested parties requesting a commissioner ruling on whether a proposed sale, transaction, issue, or security qualifies for an exemption

Commissioner's order on exemption status becomes binding unless appealed, provided the actual transaction conforms to the facts in the verified statement submitted