Louisiana Securities Law

This act governs the offer and sale of securities within the state, along with the people and firms who deal in them — salespersons, investment advisers, and investment adviser representatives. It establishes a registration system for securities and securities professionals administered by a state securities regulator, backed by defined violations, criminal penalties, and private civil remedies for injured investors, and it funds that oversight through fees deposited into dedicated audit and enforcement accounts. Its definitions are keyed to the federal securities statutes, so the state scheme operates alongside federal law rather than in isolation.

Editorial summary generated from the text of this act. It is not part of the statute — read the sections below for the operative language.