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Covered Security |
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Covered Security A security that has special exemption from state and local regulations. Thus, a covered security is only subject to federal regulations. This type of security was created in 1996 by the National Securities Markets Improvement Act, which was intended to standardize regulations for securities trading throughout the United States. As a result, most stocks traded in America are covered securities. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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