The Securities Litigation Uniform Standards Act of 1998 requires:

Question

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The Securities Litigation Uniform Standards Act (SLUSA) of 1998 requires securities litigation involving nationally-traded securities to be in federal court. This was done to prevent state courts from creating inconsistent rulings and to promote uniformity in securities litigation. SLUSA does not make securities litigation part of the federal criminal code, nor does it require state securities laws to conform to federal standards. Furthermore, SLUSA only applies to securities traded in the United States and does not address internationally traded securities or the London Treaty.

The Securities Litigation Uniform Standards Act of 1998 Requires