The Corporations, Securities & Commercial Licensing Bureau performs the public facing duties of helping to grow business activity in Michigan through the Corporations Division, and by protecting the health, welfare, and safety of Michigan citizens through regulatory and licensing functions of the Securities, Licensing, and Enforcement divisions.
The Corporations Division is charged with promoting economic growth by facilitating the formation and development of business entities in Michigan while ensuring compliance with reporting and registration requirements.
The Securities Division administers the Michigan Uniform Securities Act and the Living Care Disclosure Act, regulating securities offering, broker-dealers, securities agents, investment advisers, investment adviser representatives and living care disclosures. The division is committed to educating and protecting Michigan investors and consumers while fostering efficient capital formation in Michigan.
The Licensing Division, along with advisory assistance of advisory boards and commissions appointed by the governor, reviews applications, issues licenses, processes renewals, administers continuing education and maintains licensing records for more than 287,000 individuals or businesses regulated by the Bureau.
The Enforcement Division is responsible for the regulation, investigation and prosecution of consumer complaints filed against licensees for various code and rule violations, as well as fraudulent business practices.
Regulatory Compliance Division is responsible for responding to FOIA requests, drafting formal complaints, stipulations, and final orders, scheduling hearings and settlement conferences, and houses the cemetery commissioner. In addition, it is responsible for Final Order compliance monitoring.
Also, within the Bureau's administration are Testing & Education Services, the Audit Section, and centralized bureau functions such as IT, budget, finance, and imaging.