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National Securities Markets Improvement Act of 1996 |
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National Securities Markets Improvement Act of 1996 Legislation in the United States that exempted many securities, notably those nationally registered, from state registration and regulation. The Act was intended to streamline the process of registering and offering new issues of securities, which was thought to spur investment. See also: Deregulation. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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No references found | NSMIA NSMIA was adopted as an attempt to create a federally controlled, uniform securities registration code to follow. NSMIA should be carefully reviewed to determine the nature and extent of the preemption. The second part of this article reviews NSMIA and its preemptive effect on state regulation of private placements conducted in accordance with the federal safe harbor provided by Rule 506. |
NSMIA |
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