Montana law

Securities & Finance Laws in Montana.

Federal securities law ('33 Act, '34 Act, '40 Act) is administered by the SEC. Montana supplements with the Securities Act of Montana, administered by the Commissioner of Securities and Insurance (Montana State Auditor). The Act governs registration of securities (where not federally preempted), broker-dealers, investment advisers, and agents, and provides state anti-fraud remedies.

Last verified: 2026-04-17

State law

Key Montana Statutes

Securities Act of MontanaMont. Code Ann. § 30-10-101 et seq.

Governs registration and anti-fraud provisions for securities offered or sold in Montana.

Anti-Fraud ProvisionMont. Code Ann. § 30-10-301

Prohibits schemes to defraud, material misstatements or omissions, and fraudulent or deceitful practices in connection with the offer or sale of securities.

Civil LiabilityMont. Code Ann. § 30-10-307

Buyers of securities sold in violation of the Act may sue for rescission or damages. Subject to 2-year discovery / 5-year repose.

State law

Official Sources

Montana Commissioner of Securities and Insurance U.S. SEC

Not Legal Advice

This page summarizes publicly available statutes and rules for informational purposes only. It does not constitute legal advice, and no attorney-client relationship is created by viewing this content. Laws change — always verify with the primary source or consult a licensed attorney in Montana.

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Securities & Finance Laws in Montana.

Key Montana Statutes

Official Sources

Not Legal Advice

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