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Indiana Securities Division

Securities Division > Prosecution Assistance Unit > About the Prosecution Assistance Unit > About the Indiana Securities Act About the Indiana Securities Act

The Indiana Securities Act (IC 23-2-1) requires the registration of securities offered and sold in Indiana as well as the persons offering and selling securities or investment advice.

The term "security" is broadly defined in the Act. It is more than just stocks or bonds. A security can include promissory notes, investment contracts, and interests in limited liability companies, to name just a few.

A knowing violation of the Indiana Securities Act is a Class C felony punishable by imprisonment for a fixed term of between two (2) and eight (8) years, (the advisory sentence being four (4) years) and a fine of not more than ten thousand dollars ($10,000).

A violation of the Indiana Securities Act is a predicate offense under the Racketeer Influenced and Corrupt Organizations statute Ind. Code (IC 35-45-6-1, et. seq.), a Class C felony.