Securities Compliance
Security and investment clients of The Hershewe Law Firm are advised of the latest changes in regulatory laws of Arkansas to help ensure securities compliance laws are followed. The overarching authority for the securities and investment business is the Securities and Exchange Commission. There are a number of major SEC laws which constitute the institution and define its span of control.
For there to be a securities and investment business there must be both the purveyors of investment instruments and advice and the consumers of same. There are regulations which must be complied with on both sides of this complex ledger.
The Hershewe Law Firm attorneys are familiar with and keep up-to–date on all Arkansas securities regulatory laws to be best able to serve their clients.
While the SEC is the primary enforcer of the nation's securities laws, each individual state has its own securities laws and rules. These state rules are known as Blue Sky Laws. In Arkansas securities laws are enforced through the authority of the Arkansas Securities Department. Under the Blue Sky Laws the states have authority to prosecute securities violators pursuant to state law. Each state’s securities act regulates securities offer and sale, as well as the registration and reporting requirements for broker-dealers and individual stock brokers doing business (both directly and indirectly) in the state, as well as investment advisers seeking to offer their investment advisory services in the state. It is vital that each state's statutes and regulations be reviewed before embarking upon any securities violation redress to determine what is permitted, or not permitted, in a particular state. To make matters more complicated, while some states may have identical statutory language or regulations covering particular activities or conduct, their interpretation may differ dramatically from state to state.
The National Securities Markets Improvement Act of 1996 ("NSMIA") was enacted in October, 1996 in response to the states' failure to uniformly regulate certain types of national securities offerings. Add this to the other regulations and it becomes apparent that even if it is easy to determine a violation has occurred, in which agency and under which law may not be so easy for the average person to determine litigation options in investment and securities cases. For these cases it is best to retain one of The Hershewe Law Firm investments lawyer with experience in this area.
When your legal matter is one of securities or investment law, we suggest you to call us at The Hershewe Law Firm to obtain advice or representation toll-free at 1-877-382-9734, or contact us through our web form.
