Tennessee law

Securities & Finance Laws in Tennessee.

Federal securities law ('33 Act, '34 Act, '40 Act) is administered by the SEC. Tennessee supplements with the Tennessee Securities Act of 1980 (Tenn. Code § 48-2-101 et seq.), administered by the TN Department of Commerce and Insurance Securities Division. 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 Tennessee Statutes

Tennessee Securities Act of 1980Tenn. Code § 48-2-101 et seq.

Governs registration of securities and of broker-dealers, investment advisers, and agents.

Anti-Fraud ProvisionTenn. Code § 48-2-121

Prohibits schemes to defraud, material misstatements or omissions, and fraudulent or deceitful practices in connection with securities transactions.

Civil LiabilityTenn. Code § 48-2-122

Buyers of securities sold in violation of the Act may sue for rescission or damages.

State law

Official Sources

TN Securities Division 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 Tennessee.

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Securities & Finance Laws in Tennessee.

Key Tennessee Statutes

Official Sources

Not Legal Advice

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