Can I offer stock options to employees without violating securities laws in Illinois? What are the requirements?

Based on the provided context documents, it appears that the Illinois Secure Choice Savings Program Act exempts the Illinois Secure Choice Savings Program Fund from Sections 2a, 5, 6 and 7 of the Illinois Securities Law of 1953 ^[2.1]. However, it is unclear whether this exemption applies to offering stock options to employees. Therefore, to ensure compliance with securities laws in Illinois, it is recommended that you consult with a legal professional who can provide you with specific guidance on the requirements for offering stock options to employees in Illinois.

Source(s):

• [2.1] 820 ILCS 80/15

Jurisdiction

Illinois

• General