The NSMIA prohibits states from regulating securities offerings that are: Traded on a national exchange;

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The NSMIA prohibits states from regulating securities offerings that are:

• Traded on a national exchange;

• Exempt under Rule 506; or

• Sold to “qualified purchasers.”

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Legal Environment

ISBN: 9780324537116

3rd Edition

Authors: Jeffrey F Beatty, Susan S Samuelson

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