Massachusetts investors may recover investment losses if violations of state or federal laws or regulations have been violated by the issuer or securities broker-dealer. A brief overview of these laws and protections include:
The Massachusetts Uniform Securities Act ("The Act"), which is a state law that protects investors and regulates the sale of securities in Massachusetts. The Act is designed to protect investors from fraud and to ensure that investors have access to accurate information about the securities they are considering purchasing.
Here are some of the key provisions of the Act:
Private right to file a lawsuit for violations
Anti-fraud provisions: The Act prohibits fraud, misrepresentation, and other unfair practices in the sale of securities.
Additional information about the MUSA:
The Act exempts certain securities and transactions from registration. For example, Private securities and securities issued by the United States or the state of Massachusetts are exempt from registration.
In addition to Massachusetts Uniform Securities Act, the following federal laws also protect investors: