A Few Facts About The...

UNIFORM SECURITIES ACT (2002)

PURPOSE:
The Uniform Securities Act is a revision of earlier versions of the Uniform Securities Act from 1956 and 1985. The new uniform act gives state securities regulators broad powers to investigate, prosecute, and sanction individuals and firms that engage in securities transactions; it is also consistent with current federal law.

ORIGIN:
Completed by the Uniform Law Commissioners in 2002.

ENDORSED BY:
North American Securities Administrators Association
Securities Industry Association
New York Stock Exchange
National Association of Securities Dealers
Investment Counsel Association of America

APPROVED BY:
American Bar Association