Uniform Securities Act


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Uniform Securities Act

Model legislation for regulating securities at the state level. The National Conference of Commissioners on Uniform State Laws originally drafted the Uniform Securities Act in 1930; it has periodically updated the Act and recommends that state legislature enact it. The Act deals with security issues not subject to SEC regulation. As of 2009, 12 states and the U.S. Virgin Islands have enacted a form of the most recent update of the Act, which was composed in 2002.

Uniform Securities Act

A 1956 act designed to bring uniformity to state regulation of securities. The Act deals with fraud and the registration of securities and dealers. States are free to adopt all, parts, or none of the Act.
References in periodicals archive ?
In 2002, the Uniform Law Commission released a Revised Uniform Securities Act, or RUSA, which it hoped would be adopted by many states and become a de facto standard for state securities regulation.
Section 101 of the Uniform Securities Act is modeled after Rule 10b-5 and Section 10(b) of the Securities Exchange Act of 1934.
In 2002, a combination of federal pre-emptive legislation, significant changes in the technologies of securities trading and regulation, and substantial increases in the interstate and international aspects of securities prompted the NCCUL to promulgate the modernized Uniform Securities Act (2002).
gov/) is investor protection through the administration and enforcement of the Oklahoma Uniform Securities Act of 2004, an act prohibiting fraud in securities transactions and requiring the registration of broker-dealers, agents, investment advisers and investment adviser representatives and the registration of securities.
The Uniform Securities Act (also known as "USA" or "The Act")
The court found as a matter of law that Rock, Goodell, Water & Gold and Kohutka each made misrepresentations in connection with the purchase of a security in violation of Section 61-1-1, Fraud Unlawful, of the Utah Uniform Securities Act.
The Michigan Uniform Securities Act requires that all information pertaining to a potential investment be provided to potential investors prior to investing.
27, 2004, Oak Ridge commenced an action against defendants Rock, Goodell, Water & Gold and Kohutka, asserting claims against these individuals for violations of Utah's Uniform Securities Act, Utah Code Ann.
New York State, for example, is one of the few jurisdictions that has not adopted the Uniform Securities Act, and its law does not provide the same level of investor protection as Pennsylvania's, Lam said.

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