AN ACT relating to securities.

This bill amends Kentucky's securities laws to make technical corrections to the state's exemption provisions. It clarifies that anyone claiming an exemption from securities regulations must prove they qualify for it. The bill also gives the state securities commissioner authority to require sellers to file detailed statements about their claimed exemptions and to suspend registrations if information is misleading or incomplete. Additionally, it establishes a process for interested parties to request official rulings on whether specific securities transactions qualify for exemptions, including a $250 filing fee. These changes aim to improve clarity and enforcement of existing securities rules without altering the fundamental regulatory framework.