All law dealing with securities is on the federal level.
True
False
False. Securities are regulated at both the federal and state levels. At the federal level, they are regulated by the Securities Act of 1933 (the "Securities Act" 15 U.S. C. [ §77a et.seq.) and the Securities and Exchange Act of 1934 (the "Exchange Act" 15 U.S.C. §78a et seq.). At the state level they are regulated by state securities acts, which are known as "blue sky" laws. ]
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Asked 11/12/2011 7:05:02 PM
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