Are There State Securities Laws?
Yes, the federal and state governments each have their own securities laws and regulations. If a company is selling securities, it must comply with both federal and state securities laws. If a particular offering is exempt under the federal securities law that does not necessarily mean that it is exempt from any of the state laws. Some states review small businesses' securities offerings to ensure that companies disclose to investors all information needed to make an informed investment decision. Other states also analyze public offerings using substantive standards to assure that the terms and structure of the offerings are fair to investors, in addition to the focus on disclosure.
The information on this page is meant to provide a general overview of the law. The laws in your state and/or city may deviate significantly from those described here. If you have specific questions related to your situation you should speak with a local attorney.
Additional Securities Articles
- Securities Law
- Individual Protection when a Brokerage Firm Fails or Files for Bankruptcy
- What Is A Security?
- What Are The Federal Securities Laws?
- What Do These Securities Laws Cover?
- What Is The Securities Investor Protection Act?
- What Are Blue Sky Laws?
- Are All Companies Subject To Securities Laws?