New York investors have rights and protections under numerous laws and regulations including:
The New York Securities Act (NYS Act) is the state law that regulates the sale of securities in New York. It is administered by the New York Attorney General's Office, Bureau of Investor Protection.
The NYS 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.
The NYS Act requires that all securities offered for sale in New York be registered with the Attorney General's Office, unless the securities or transactions are exempt. Exempt securities include:
Securities issued by the United States or the state of New York
Securities issued by certain non-profit organizations
Securities offered in certain private transactions
The NYS Act also requires that all broker-dealers, agents, and investment advisers who offer or sell securities in New York be registered with the Attorney General's Office.
The NYS 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.
Some of the key provisions of the NYS Act include:
Registration of securities: All securities offered for sale in New York must be registered with the Attorney General's Office, unless the securities or transactions are exempt.
Registration of broker-dealers, agents, and investment advisers: All broker-dealers, agents, and investment advisers who offer or sell securities in New York must be registered with the Attorney General's Office.
Anti-fraud provisions: The NYS Act prohibits fraud and other unfair practices in the sale of securities.
Enforcement: The Attorney General's Office is responsible for enforcing the NYS Act. The Attorney General can investigate alleged violations of the law and take enforcement actions, such as issuing cease-and-desist orders and imposing fines.
If you are considering investing in securities in New York, it is important to understand the NYS Act. You can learn more about the law by visiting the New York Attorney General's Office website or by contacting the Bureau of Investor Protection.
Here are some tips for investors who are considering investing in securities in New York:
Make sure the broker-dealer and investment adviser are registered with the New York Attorney General's Office. You can check the Attorney General's Office website to see if a broker-dealer or investment adviser is registered.
Make sure the securities are registered with the New York Attorney General's Office. You can check the Attorney General's Office website to see if a security is registered.
Get a copy of the prospectus for the security before you invest. The prospectus is a document that contains important information about the security, such as the risks involved in the investment.
New York investors are additionally protected by the following federal laws and regulations:
To discuss your rights under New York or federal securities law, schedule a consultation with our law firm.