Michigan law
Securities & Finance Laws in Michigan.
Federal securities law ('33 Act, '34 Act, '40 Act) is administered by the SEC. Michigan supplements with the Uniform Securities Act (2002), administered by DIFS's Corporations, Securities & Commercial Licensing Bureau. Michigan requires broker-dealer, investment adviser, and agent registration; enforces anti-fraud provisions (MCL § 451.2501); and provides civil remedies to defrauded investors. Michigan is a "blue-sky" state that reviews securities offerings not federally preempted.
Last verified: 2026-04-17
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State law
Key Michigan Statutes
Governs registration of securities, broker-dealers, investment advisers, and agents. Contains anti-fraud provisions and civil remedies for investors.
Makes it unlawful to employ a scheme to defraud, make a material misstatement or omission, or engage in fraudulent or deceitful practice in connection with the offer or sale of a security.
A buyer of a security sold in violation of the Act may sue to rescind or for damages. 2-year discovery / 5-year statute of repose.
State law
Official Sources
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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 Michigan.
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