Description: This act governs the formation, operation, and governance of businesses and nonprofit entities in Kentucky.

Scope: It includes rules on investor rights, corporate governance, and fiduciary responsibilities of directors and officers in corporations and LLCs. The law helps protect the interests of investors by ensuring transparency and fair practices in business operations.

Description: Kentucky offers a crowdfunding exemption for businesses raising capital through equity crowdfunding.

Scope: This law allows Kentucky-based businesses to raise up to $1 million through crowdfunding, with some limits on individual investments. The goal is to provide small businesses and startups with easier access to capital while maintaining investor protections through mandatory disclosures.

Description: This law regulates investment advisers in Kentucky, aiming to protect investors from fraudulent advice.

Scope: The act mandates that investment advisers providing services to clients within Kentucky must register with the DFI. It also sets requirements for the disclosure of information and fiduciary duties, ensuring that advisers act in the best interests of their clients.

Description: Kentucky's Blue Sky laws regulate the offer and sale of securities within the state to protect investors.

Scope: Similar to Blue Sky laws in other states, Kentucky’s laws require the registration of securities before they can be offered or sold in the state. These laws are designed to ensure transparency in securities transactions and prevent deceptive practices in the market.

Description: The Kentucky Securities Act regulates the sale and registration of securities in Kentucky to protect investors and prevent fraud.

Scope: This act requires securities to be registered with the Kentucky Department of Financial Institutions (DFI) or qualify for exemptions. It includes provisions for investment advisers, broker-dealers, and securities offerings. The law helps ensure that investors receive accurate information and are protected from misleading or fraudulent investment schemes.