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.
References in periodicals archive ?
The work covered by the Partial Agreement in western Denmark will first years mainly covered security technical work for track adjustment.
Discussions also covered Security Council Resolution 1701, which put an end to the 2006 war with Israel, as well as regional developments, particularly the impact of the Syria crisis on Lebanon.
The first session of The Holography Conference covered Security Holograms, where in the first paper Yasmasa Kamata of Toppan Printing challenged the audience to ensure that the future of security holography takes the optimistic rather than the pessimistic path on the Gartner Hype Cycle (see the graph).
The SCOTUS was tasked with determining whether the lawsuits were valid under the Securities Litigation Uniform Standards Act, which prevented suits under federal law on fraud "in connection with the purchase or sale of a covered security.
SLUSA's preclusion provision stipulates that no state law class action can be maintained in either state or federal court by any private party alleging fraud in connection with the purchase or sale of a covered security [emphasis added].
6045A requires that every applicable person transferring a covered security to a broker must provide an information transfer statement within 15 days after settlement of the transfer.
Sometimes, however, I'm taken aback when a company offering security products or services says something like, "Oh, I didn't know you covered security issues.
He has worked at the fifth estate, CTV National News, W5, and, most recently, the Globe and Mail, where he covered security and intelligence issues.
The Asset Covered Security Bill 2001 has the aim of allowing Irish financial institutions to compete more effectively against European competition after the euro currency becomes a fact of life in Ireland at the start of 2002 - just a few weeks away.
where he covered security topics including firewalls, intrusion detection, intrusion prevention, security consulting and managed security services for the Security and Privacy group.
Asset and income protection: Protection of an ASP's data assets and business income in the event of a covered security breach.
A broker or dealer must have published quotations in the covered security in the OTCBB on at least 12 business days during the preceding 30 calendar days, with no more than four consecutive business days without quotations.