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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.


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As a first step toward highlighting the need to do away with dual regulations, The Revised Uniform Securities Act of 1985 or RUSA was enacted.
Texas, and Vermont have yet to adopt the Uniform Securities Act.
State Blue Sky Laws Although every state has its own securities laws, commonly known as "blue sky laws," the Uniform Securities Act served as the model in 36 states and the District of Columbia.
 
 
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