Uniform Securities Act Law and Legal Definition

The Uniform Securities Act was promulgated by the National Conference of Commissioners on Uniform State Law (NCCUSL) in 2002. It is a revision of earlier versions of the Uniform Securities Act from 1956 and 1985. The new uniform act gives state securities regulators broad powers to investigate, prosecute, and sanction individuals and firms that engage in securities transactions. The Uniform Securities Act is also consistent with current federal law.

The Uniform Securities Act has been adopted by many states in the U.S.