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Covered Security

   Also found in: Wikipedia 0.04 sec.
Covered Security
A class of securities, created by the NSIMA, that enjoys federally imposed exemptions from state restrictions and regulations. Most stocks trading in the US are covered securities.

Notes:
Also known as a 'federal covered security,' its purpose was to standardize security regulations and filings across the United States. Rather than having individual companies register, file, and comply with the differing regulations in all the states, a uniform set of rules was created.

See also: NSMIA, SEC, Security


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where he covered security topics including firewalls, intrusion detection, intrusion prevention, security consulting and managed security services for the Security and Privacy group.
Asset and income protection: Protection of an ASP's data assets and business income in the event of a covered security breach.
A broker or dealer must have published quotations in the covered security in the OTCBB on at least 12 business days during the preceding 30 calendar days, with no more than four consecutive business days without quotations.
 
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