Generally, federal seurities law are patterned after states' antifraud laws.

Question

Quizplus · Accepted Answer

Federal securities laws were primarily established to regulate the securities industry at a national level, while state antifraud laws, often referred to as "blue sky laws," were developed independently to protect investors within individual states. Federal laws are not patterned after state laws but rather provide a broader framework for securities regulation.

Generally, Federal Seurities Law Are Patterned After States' Antifraud Laws