The Securities Litigation Uniform Standards Act of 1998 requires all states to amend their securities laws to conform to federal standards.

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The Securities Litigation Uniform Standards Act of 1998 does not require states to amend their securities laws to conform to federal standards; instead, it limits the ability to bring class-action lawsuits under state law for securities fraud, aiming to prevent plaintiffs from avoiding the stricter federal standards by filing suit under state law.

The Securities Litigation Uniform Standards Act of 1998 Requires All