What laws govern the issuance of securities?

In New Hampshire, the Uniform Securities Act governs the issuance of securities. This act is designed to protect investors from fraud and misleading information. It requires companies offering or selling securities to register with the New Hampshire Securities Bureau. Companies must also provide investors with detailed information about the investment and its risks. This includes providing a prospectus, a document that explains the investment. Under the Uniform Securities Act, investment advisors and broker-dealers must also register with the New Hampshire Securities Bureau. Investment advisors must have a fiduciary duty, which means they have an obligation to act in the best interest of their clients. Broker-dealers act as intermediaries between buyers and sellers of securities, and are required to provide full disclosure of all material facts related to the security. The Uniform Securities Act also requires firms to conduct due diligence when selling securities. For example, firms must verify that all information provided to investors is true and accurate. Additionally, firms must create and maintain records of all securities transactions to ensure compliance with the law. Finally, the Uniform Securities Act also outlines the consequences for violating securities laws. These include civil penalties, such as fines, suspension or revocation of registration, and even criminal liability in cases of fraud.

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What laws govern the issuance of securities?

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