MO HB1480

Adds definition of "whistleblower" to securities law, including persons employed by broker-dealers, issuers, or investment advisers who disclose information about violations of securities regulations.

Creates a new whistleblower protection cause of action allowing whistleblowers to sue employers for discharge, demotion, suspension, threats, harassment, or other employment discrimination, with remedies including reinstatement, back pay, punitive damages, and attorney's fees.

Establishes a "Whistleblower Program" under the Commissioner of Securities to receive information from whistleblowers and maintain their confidentiality in collaboration with the Attorney General.

Adds disqualification provision to certain exempt securities offerings, prohibiting issuers and related parties subject to prior disciplinary actions from offering securities to non-institutional investors without commissioner waiver or knowledge exception.

Protects whistleblower disclosures from discovery and subpoena in enforcement proceedings unless the commissioner determines disclosure is necessary for public interest or investor protection.