The Nevada Uniform Securities Act (NUSA) is the state law that protects investors and regulates the sale of securities in Nevada. It is administered by the Nevada Securities Division, which is part of the Nevada Secretary of State's office.
Some of the key provisions of the NUSA include:
Registration of securities: All securities offered for sale in Nevada must be registered with the Securities Division, unless the securities or transactions are exempt.
Private right to sue for violations.
Registration of broker-dealers, agents, and investment advisers: All broker-dealers, agents, and investment advisers who offer or sell securities in Nevada must be registered with the Securities Division.
Anti-fraud provisions: The NUSA prohibits fraud and other unfair practices in the sale of securities.
In addition to the Nevada Uniform Securities Act, the following federal laws afford Nevada investors legal protections: