State Blue Sky Laws in the United States

Background

In Hall vs. Geiger-Jones Co., 242 U.S. 539 (1917), in relation to 3 cases dealing with the constitutionality of state securities regulations. Justice McKenna wrote that the “name that is given to the law indicates the evil at which it is aimed, that is, to use the language of a cited case, “speculative schemes which have no more basis than so many feet of ‘blue sky’”; or, as stated by counsel in another case, “to stop the sale of stock in fly-by-night concerns, visionary oil wells, distant gold mines and other like fraudulent exploitations.” Even if the descriptions be regarded as rhetorical, the existence of evil is indicated, and a belief of its detriment; and we shall not pause to do more than state that the prevention of deception is within the competency of government and that the appreciation of the consequences of it is not open for our review.”

State Blue Sky Legislation

In addition to the rules and regulations of the Securities and Exchange Commission, directly, and through its oversight of the NASD and the various Exchanges, each individual state has its own securities laws, securities rules and regulators.

State Securities Administrators / Regulators / Securities Departments

The following is a list of the various state administrators, with links to their securities home pages, and to the text of the State’s Blue Sky laws, where available:

• ALABAMA
  Alabama Securities Commission
  401 Adams Ave Suite 280
  Montgomery, Alabama 36104-4353
  Phone/Fax: (334) 242-2984 // (334) 242-0240
  More Information:Webpage of this State´s Administrator
• ALASKA
  Department of Commerce
  Division of Banking, Securities & Corporations
  150 Third Street, Suite 217
  Juneau, AK 99811-0807
  Phone/Fax: (907) 465-2521 // (907) 465-1230
  More Information:Webpage of this State´s Administrator
• ARIZONA
  Corporation Commission
  Securities Division
  1300 West Washington, Third Floor
  Phoenix, Arizona 85007
  Phone/Fax: (602) 542-4242 // (602) 594-7470
  More Information:Webpage of this State´s Administrator
• ARKANSAS
  Arkansas Securities Department
  201 East Markham Suite 300
  Little Rock, AR 72201
  Phone/Fax: (501) 324-9260 // (501) 324-9268
  More Information:Webpage of this State´s Administrator
• CALIFORNIA
  Department of Business Oversight
  Securities Regulation Division
  1515 K Street, Suite 200
  Sacramento, CA 95814
  Phone/Fax: (916) 327-7585 // (916) 322-1559
  More Information: Webpage of this State´s Administrator
  More Information:Webpage of this State´s Administrator
• COLORADO
  Division of Securities
  1560 Broadway, Suite 900
  Denver, CO 80202
  Phone/Fax: (303) 894-2320 // (303) 861-2126
  More Information:Webpage of this State´s Administrator
• CONNECTICUT
  Department of Banking
  Division of Securities
  260 Constitution Plaza
  Hartford CT 06103
  Phone/Fax: 860-240-8230 // (860) 240-8178
  More Information: Webpage of this State´s Administrator
  More Information:Webpage of this State´s Administrator
• DELAWARE
  Department of Justice
  Division of Securities
  820 N. French Street, 5th floor
  Wilmington DE 19801
  Phone/Fax: (302) 577-8424 // (302) 577-6987
  More Information:Webpage of this State´s Administrator
• DISTRICT OF COLUMBIA
  Securities Commission
  810 First Street NE, Suite 701
  Washington, DC 20001
  Phone/Fax: (202) 727-8000 // (202) 535-1196
  More Information:Webpage of this State´s Administrator
• FLORIDA
  Department of Banking
  Division of Securities
  101 East Gaines Street, Suite 118
  Tallahassee FL 32399-0379
  Phone/Fax: (850) 410-9889 // (850) 410-9663
  More Information:Webpage of this State´s Administrator
• GEORGIA
  Office of the Secretary of State
  Securities Division
  237 Coliseum Drive
  Macon, GA 31217-3858
  Phone/Fax: (478) 207-2440// (478)-314-5805
  More Information:Webpage of this State´s Administrator
• HAWAII
  Department of Commerce and Consumer Affairs
  King Kalakaua Building
  335 Merchant Street
  Honolulu Hawaii 96813
  Phone/Fax: 808-586-2744 // 808-586-3977
  More Information:Webpage of this State´s Administrator
• IDAHO
  Department of Finance
  Securities Bureau
  800 Park Boulevard Suite 200
  Boise, Idaho 83712
  Phone/Fax: (208) 332-8004 // (208) 332-8099
  More Information:Webpage of this State´s Administrator
• ILLINOIS
  Office of the Secretary of State
  Securities Department
  300 West Jefferson Street, Suite 300A
  Springfield, IL 62702
  Phone/Fax: (217) 782-2256 // (217) 782-8876
  More Information:Webpage of this State´s Administrator
• INDIANA
  Office of the Secretary of State
  Securities Division
  302 West Washington, E-111
  Indianapolis, IN 46204
  Phone/Fax: (317) 232-6681 // 317-233-3675
  More Information:Webpage of this State´s Administrator
• IOWA
  Insurance Division
  Securities Bureau
  340 E. Maple Street
  Des Moines IA 50319
  Phone/Fax: 515-281-5705 // (515) 281-3059
  More Information:Webpage of this State´s Administrator
• KANSAS
  Securities Commission
  109 SW 9th St., Ste. 600
  Topeka KS 66612-1215
  Phone/Fax: (785) 296-3307 // (785) 296-6872
  More Information:Webpage of this State´s Administrator
• KENTUCKY
  Department of Financial Institutions
  Division of Securities
  1025 Capital Center Drive, Suite 200
  Frankfort, KY 40601
  Phone/Fax: 502-573-3390 // 502-573-8787
  More Information:Webpage of this State´s Administrator
• LOUISIANA
  Securities Commission
  Office of Financial Institutions
  8660 United Plaza Blvd. Suite 200
  Baton Rouge, LA 70809
  Phone/Fax: (225) 925-4660 // (225) 925-4524
  More Information:Webpage of this State´s Administrator
• MAINE
  Securities Division
  121 State House Station
  Augusta, Maine 04333
  Phone/Fax: (207) 624-8551 // (207) 624-8590
  More Information:Webpage of this State´s Administrator
• MARYLAND
  Office of the Attorney General
  Division of Securities
  200 Saint Paul Place
  Baltimore, MD 21202-2020
  Phone/Fax: (410) 576-6360 // (410) 576-6532
  More Information:Webpage of this State´s Administrator
• MASSACHUSETTS
  Securities Division
  One Ashburton Place, 17th Floor
  Boston, MA 02108
  Phone/Fax: (617) 727-3548 // (617) 248-0177
  More Information:Webpage of this State´s Administrator
• MICHIGAN
  Division of Securities
  Office of Financial & Insurance Services
  611 West Ottawa, Third Floor
  Lansing, MI 48933-1070
  Phone/Fax: (877)999-6442 // (517)241-3157
  More Information:Webpage of this State´s Administrator
• MINNESOTA
  Department of Commerce
  85 7th Place East, Suite 500
  Saint Paul, MN 55101
  Phone/Fax: (651) 539-1500 // (651) 539-1547
  More Information:Webpage of this State´s Administrator
• MISSISSIPPI
  Office of the Secretary of State
  Business Regulation & Enforcement Division
  125 S. Congress Street
  Jackson, MS 39201
  Phone/Fax: 601-359-9055 // 601-576-2546
  More Information:Webpage of this State´s Administrator
• MISSOURI
  Securities Division
  Missouri State Information Center
  600 West Main Street
  Jefferson City, MO 65101
  Phone/Fax: (573) 751-4136 // (573) 526-3124
  More Information:Webpage of this State´s Administrator
• MONTANA
  Office of the State Auditor
  Securities Department
  840 Helena Avenue
  Helena, MT 59601
  Phone/Fax: (406)444-2040 // (406) 444-5558
  More Information:Webpage of this State´s Administrator
• NEBRASKA
  Nebraska Securities Bureau
  Department of Banking & Finance
  1526 K Street, Suite 300
  Lincoln, NE 68508-2732
  Phone/Fax: (402) 471-3445 //
  More Information:Webpage of this State´s Administrator
• NEVADA
  Nevada Secretary of State
  Securities Divison
  101 N Carson Street Suite 3
  Carson City, NV 89701
  Phone/Fax: (775)-684-5708 // (775)-684-5725
  More Information:Webpage of this State´s Administrator
• NEW HAMPSHIRE
  Bureau of Securities Regulation
  107 North Main St. #204
  Concord, NH 03301-4989
  Phone/Fax: (603) 271-1463 // (603) 271-7933
  More Information:Webpage of this State´s Administrator
• NEW JERSEY
  Department of Law and Public Safety
  Bureau of Securities
  153 Halsey St. 6th Floor
  Newark, NJ 07102
  Phone/Fax: (973) 504-3600 // (973) 504-3601
  More Information:Webpage of this State´s Administrator
• NEW MEXICO
  Regulation and Licensing Department
  Securities Divison
  2550 Cerrillos Road, 3rd Floor
  Santa Fe, NM 87505
  Phone/Fax: (505) 476-4580 // (505) 984-0617
  More Information:Webpage of this State´s Administrator
• NEW YORK
  Office of the Attorney General
  Investor Protection & Securities Bureau
  120 Broadway 23rd Floor
  New York, NY 10271
  Phone/Fax: (212) 416-8222 // (212) 416-8816
  More Information:Webpage of this State´s Administrator
• North Carolina
  Department of the Secretary of State
  Securities Division
  4701 Atlantic Avenue , Suite 116
  Raleigh, NC 27626-0622
  Phone/Fax: (919) 733-3924 // (919) 807-2183
  More Information:Webpage of this State´s Administrator
• NORTH DAKOTA
  Securities Commission
  600 East Boulevard
  State Capitol, 5th Floor
  Bismarck, ND 58505-0510
  Phone/Fax: (701) 328-2910 // (701) 328-2946
  More Information:Webpage of this State´s Administrator
• OHIO
  Division of Securities
  77 South High Street 22nd Floor
  Columbus, OH 43215
  Phone/Fax: (614) 644-7381 // (614) 466-3316
  More Information:Webpage of this State´s Administrator
• OKLAHOMA
  Department of Securities
  1st National Center, Suite 860
  120 N. Robinson
  Oklahoma City, OK 73102
  Phone/Fax: (405) 280-7700 // (405) 280-7742
  More Information:Webpage of this State´s Administrator
• OREGON
  Department of Consumer & Business Services
  Div. of Finance & Corp. Securities
  350 Winter Street, NE, Rm. 410
  Salem, OR 97301-3881
  Phone/Fax: (503) 378-4387 // (503) 947-7862
  More Information:Webpage of this State´s Administrator
• PENNSYLVANIA
  Securities Commission
  Eastgate Office Building
  1010 North 7th Street, 2nd Floor
  Harrisburg, PA 17102-1410
  Phone/Fax: (717) 787-8061 // (717) 783-5122
  More Information:Webpage of this State´s Administrator
• RHODE ISLAND
  Department of Business Regulation
  1511 Pontiac Avenue
  Carnston, RI 02920
  Phone/Fax: (401) 462-9500 // (401) 462-9532
  More Information:Webpage of this State´s Administrator
• SOUTH CAROLINA
  Office of the Attorney General
  Securities Division
  1000 Assembly Street, Rm. 519
  Columbia, SC 29201
  Phone/Fax: (803) 734-4731 // (803) 734-0032
  More Information:Webpage of this State´s Administrator
• SOUTH DAKOTA
  Dept. of Revenue and Regulation
  Division of Securities
  445 East Capitol Avenue
  Pierre, SD 57501-3185
  Phone/Fax: (605) 773-4823 // (605) 773-5953
  More Information: Webpage of this State´s Administrator
  More Information:Webpage of this State´s Administrator
• TENNESSEE
  Department of Commerce & Insurance
  Securities Division
  500 James Robertson Parkway, Suite 660
  Nashville, TN 37243-0575
  Phone/Fax: (615) 741-2947 // (615) 532-8375
  More Information:Webpage of this State´s Administrator
• TEXAS
  State Securities Board
  208 East 10th Street, 5th Floor
  Austin, TX 78701
  Phone/Fax: (512) 305-8300 // (512) 305-8310
  More Information:Webpage of this State´s Administrator
• UTAH
  Department of Commerce
  Division of Securities
  160 East 300 South, 2nd Floor
  Salt Lake City, UT 84111
  Phone/Fax: (801) 530-6600 // (801) 530-6980
  More Information:Webpage of this State´s Administrator
• VERMONT
  Department of Banking, Insurance, Securities & Health Care
  89 Main Street
  Montpelier, VT 05620-3101
  Phone/Fax: (802) 828-3301 // (802) 828-2896
  More Information:Webpage of this State´s Administrator
• VIRGINIA
  State Corporation Commission
  Division of Securities & Retail Franchising
  1300 East Main Street
  Richmond, VA 23219
  Phone/Fax: (804) 371-9187 //
  More Information:Webpage of this State´s Administrator
• WASHINGTON
  Department of Financial Institutions
  Securities Division
  150 Israel Road, SW
  Tumwater, WA 98501
  Phone/Fax: (360) 902-8760 // (360) 902-0524
  More Information:Webpage of this State´s Administrator
• WEST VIRGINIA
  Office of the State Auditor
  Securities Division
  1900 Kanawha Boulevard East
  Building 1, Room W-100
  Charleston, WV 25305-0230
  Phone/Fax: (304) 558-2251 // (304) 558-4211
  More Information:Webpage of this State´s Administrator
• WISCONSIN
  Department of Financial Institutions
  Division of Securities
  201 W. Washington Avenue, Suite 500
  Madison, WI 53703
  Phone/Fax: (608) 266-1064 // (608) 264-7979
  More Information:Webpage of this State´s Administrator
• WYOMING
  Securities Division
  Wyoming Secretary of State’s Office
  200 West 24th Street
  Cheyenne, WY 82002-0020
  Phone/Fax: (307) 777-7370 // (307) 777-7640
  More Information:Webpage of this State´s Administrator