The lack of regulatory uniformity among the states led Congress in 1996 to enact the _____,preempting state registration requirements for securities traded on national markets.

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After the enactment of the 1933 Act,the United States operated under a dual regulatory environment for securities.Eventually,the lack of regulatory uniformity among the states led Congress in 1996 to enact the National Securities Markets Improvement Act,preempting state registration requirements for securities traded on national markets.

The Lack of Regulatory Uniformity Among the States Led Congress