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South Dakota

South Dakota Investment Adviser Act

  • Read more about South Dakota Investment Adviser Act

Description: Requires investment advisers to register with the state and comply with disclosure regulations.

Scope: This law provides a framework to ensure investment advisers act in the best interests of their clients, requiring adherence to ethical and fiduciary standards.

South Dakota Uniform Securities Act (2000)

  • Read more about South Dakota Uniform Securities Act (2000)

Description: Consolidates and modernizes state securities laws to regulate the issuance and sale of securities within South Dakota.

Scope: Aimed at preventing fraud in securities transactions, the Act requires certain disclosures and the registration of securities, aiming to maintain fair and transparent practices in the securities market.

South Dakota Crowdfunding Exemption (2014)

  • Read more about South Dakota Crowdfunding Exemption (2014)

Description: This law allows businesses to raise funds through crowdfunding while offering protections for investors, such as limitations on the amount invested and disclosure requirements.

Scope: It enables startups and small businesses to access funding while offering legal protection and transparency for investors.

South Dakota Securities Act (1935)

  • Read more about South Dakota Securities Act (1935)

Description: Regulates the sale of securities in South Dakota, requiring registration and providing a framework for enforcement against fraudulent practices.

Scope: The Act ensures that all securities sold in the state meet registration or exemption criteria and protects investors from deceptive practices. It empowers the South Dakota Division of Securities to investigate and enforce violations.

South Dakota Division of Securities

  • Read more about South Dakota Division of Securities

Overview:

Enforces South Dakota’s securities laws to protect investors

Address:

124 S. Euclid Avenue, 2nd Floor - Pierre, SD 57501

Specific Regulations:

South Dakota Securities Act

Resources:

Investor education, alerts, and resources provided

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