subject: Securities Law [print this page] Author: James Author: James
Securities Law Securities law is the branch of the law that deals with securities issued by corporations and governments: Stocks Bonds Debentures Federal and state securities laws regulate securities. Federal securities laws The Security and Exchange Commission (SEC), established by the Securities Exchange Act of 1934, administers federal securities laws, including the Investment Company Act of 1940 and the Investment Advisers Act of 1940. Other federal laws include the Sarbanes-Oxley Act of 2002, touted by President Bush as "the most far reaching reforms of American business practices since the time of Franklin Delano Roosevelt." This act mandated a number of reforms to enhance corporate responsibility, enhance financial disclosures and combat corporate and accounting fraud, and regulate the auditing profession in the wake of the Enron scandal. State securities laws State laws, known as Blue Sky Laws, typically provide far greater protection to the investor than the federal securities laws. Blue Sky Laws address: Prohibition against fraud in the sale of securities Registration requirements for brokers and dealers Registration requirements for securities to be sold within the state Sanctions and civil liability Requirements for companies to fully disclose all material facts relating to a securities offering Merit reviews to regulate disclosure and merits and fairness of a companys securities offering to investors The Uniform Securities Act of 1956 guides state regulation. The act was revised in 1985, 1988, and again in 2002. Twelve states have adopted the 2002 act, endorsed by the American Bar Association: Hawaii Idaho Indiana Iowa Kansas Maine Minnesota Missouri Oklahoma South Carolina South Dakota Vermont The Willeford Law Firmthe investors choice for legal recovery of financial loss If you believe you lost money in an investment through anothers wrongdoing, securities attorneys at the Willeford Law Firm can help. We represent investors and guide you through the claims process, reducing your emotional and financial stress.About the Author:
James F. Willeford is an experienced FINRA arbitrator and investor advocate. He has more than 35 years of experience in securities arbitration and litigation, trust litigation, complex business litigation, and disability law. Mr. Willeford is active in local and national bar associations and has represented plaintiffs in hundreds of commercial disputes in a wide variety of practice areas. Call us at 1-800-706-5196 to schedule your free consultation or use the online form to tell us about your situation.
