Missouri Securities Fraud Laws
Created by FindLaw's team of legal writers and editors | Last updated October 15, 2018
The term "securities fraud" refers to deceptive actions used to influence individuals into making decisions about the sales of securities based on false information or misleading statements.
Enforcement of Securities Fraud Laws in Missouri
The Missouri Securities Division provides protection for investors against fraud and enforces the state's securities laws, including the Missouri Uniform Securities Act (also known as the "Big Sky Law"). If you commit offenses including insider trading, investment fraud, or stock manipulation, you may be subject to civil liability in addition to criminal charges.
Missouri Securities Fraud Laws at a Glance
It can be frustrating to read a statute in its entirety without truly understanding what the law conveys. That's why it's useful to read a simplified version of the text that breaks down the law in more readable terms. See the chart below that explains securities fraud laws in Missouri.
Statutes |
Missouri Revised Statutes: |
Elements of the Crime
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General Fraud: It is prohibited for any individual, relating with the offer, sale, or purchase of any security (directly or indirectly) to engage in the following:
Unlawful Investment Advice: The following activities are prohibited for an individual advising another person regarding the value of securities or their purchase or sale:
Misleading Filings: It's unlawful for an individual to:
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Possible Penalties |
The actual penalties will depend on the specific circumstances of the case, but possible penalties include:
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Possible Defenses |
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Note: State laws are always subject to change through the passage of new legislation, rulings in the higher courts (including federal decisions), ballot initiatives, and other means. While we strive to provide the most current information available, please consult an attorney or conduct your own legal research to verify the state law(s) you are researching.
Missouri Securities Fraud Laws: Related Resources
Accused of Securities Fraud? Discuss Your Case with a Missouri Attorney
If you're accused of violating Missouri's securities fraud laws and running afoul of the Missouri Securities Division, then you should consider speaking to an experienced attorney about your case. Contact a white collar crime attorney located near you right away for assistance in possibly reducing your charges or dismissing your case altogether.
Next Steps: Search for a Local Attorney
Contact a qualified attorney.