The Office of Financial Regulation (OFR) is the primary regulator of the state-chartered and licensed financial services industries in Florida. We have drafted legislation to reform the Florida Securities and Investor Protection Act (Chapter 517, Florida Statutes) with the aim of improving the capacity for Florida-based companies to raise money and to increase local investment opportunities for Floridians. Our goal is to promote Florida’s economy through the creation of a self-sustaining, in-state capital market where newly formed businesses can obtain seed or expansion capital. The desired outcome is to have Florida residents and businesses obtain capital from within our state and ultimately remain in Florida and contribute to the state’s economy.
The legislation contains the following marketplace features:
For more information on our bill, please read our proposed bill and summary.SB 180 and HB 253.
We sought and received feedback from Florida capital financing professionals, incubators and from a task force formed by the Florida Bar. Please read our industry feedback below.
Public input is valuable to legislators as they formulate policies in our state. You are welcome to write a letter/email to your state public official to express how this draft legislation would affect you, your business or Florida’s small business economy.
You can find information on communicating with members of the legislature below.
Please contact our office to learn more about our legislative initiative. Also, feel free to share this page and the feedback form with those in your community or network.
Want to stay up to date on our progress? Subscribe to our mailing list and stay in touch with how you can help build Florida’s start-up community. You can also follow us on Twitter, Facebook, and LinkedIn!
Request a speaker if would like to have someone from OFR speak or present at your organization’s next event or meeting.