MO SB759

Repeals and re-enacts ten sections of the Missouri securities act (sections 409.1-102, 409.2-202, 409.3-304, 409.4-401, 409.4-404, 409.4-408, 409.4-412, 409.5-501, 409.6-604, and 409.6-607) to update and modernize securities regulations.

Updates definitions related to securities transactions, including financial instruments, institutional investors, broker-dealers, investment advisers, and investment adviser representatives.

Modifies registration and exemption requirements for securities transactions, broker-dealers, agents, and investment advisers to align with federal securities laws and current market practices.

Establishes disciplinary procedures allowing the Commissioner of Securities to deny, condition, limit, revoke, or suspend registrations based on specified grounds, with civil penalties up to $5,000 per violation or $50,000 for multiple violations.

Clarifies provisions on fraud in securities transactions, cease-and-desist orders, investigative authority, and public disclosure of records related to securities activities and enforcement actions.