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
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.