Lawsuit Filed Over 2019 Montana Law

(Helena, MT) — Montana is facing a lawsuit over a law plaintiffs claim discriminates against people from outside the state. An attorney filed the lawsuit Friday in Lewis and Clark County, arguing a law passed in 2019 has resulted in tens of thousands of financial advisors being charged an illegal fee. The legal action believes the law violates a clause in the U.S. Constitution that keeps residents from outside of one state from being treated differently than those from the state. The bill in question aimed to double the price of licensing fees for out-of-state financial advisors compared to in-state advisors. The state, as well as the Department of Revenue and state auditor’s office were named in the lawsuit.

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