Which of the following is true regarding uniform state regulation of securities?
A) Federal law has entirely preempted the area,and there is no state regulation of securities.
B) Many states have adopted the Uniform Securities Act.
C) Many states have adopted the Proposed Uniform Trading Act.
D) There is no proposed uniform act in regard to securities,and state regulation is inconsistent.

Question

Quizplus · Accepted Answer

Many states have adopted the Uniform Securities Act, which provides a framework for regulating securities at the state level. While federal law also regulates securities, state laws can add additional requirements or provide more localized enforcement. There is no Proposed Uniform Trading Act in relation to securities, and while there may be some inconsistencies in state regulation, the adoption of the Uniform Securities Act has helped create a more uniform approach.

Which of the Following Is True Regarding Uniform State Regulation