Uniform Securities Act


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.