Certification Pursuant To Section 25100(o) – Why It Still Matters (Part 1)
On October 11, 1996, President Bill Clinton signed the National Securities Markets Improvement Act (aka the “NSMIA”) into law. The NSMIA preempted qualification requirements under state blue sky laws with respect to “covered securities”. In general, the act designated certain securities as “covered securities”. Other securities were designated ”covered securities” only with respect to specified categories of transactions. Section 102 the NSMIA (which amended Section 18 of Read more...
