Are there special laws that protect investors from securities fraud?
Yes, there are special laws in Utah that protect investors from securities fraud. The Utah Securities Act and the Utah Uniform Securities Act are two such pieces of legislation that are designed to protect investors from investors who commit fraud in the securities market. Under the Utah Securities Act, any person, company, or corporation who commits fraud in the securities market is subject to criminal liability. The penalty for committing securities fraud can range from a fine, to imprisonment, and even a forced disgorgement of any ill-gotten gains. The Utah Uniform Securities Act (UUSA) also protects investors from fraud in the securities markets. This law makes it illegal for any person, company, or corporation to offer or sell a security without first registering it with the Utah Securities Commission. While the UUSA does not provide criminal liability, it does provide civil remedies to victims of securities fraud in the form of civil fines, and in some cases, a disgorgement of any profits made by the perpetrator. It is important to note that both the Utah Securities Act and the UUSA provide investors with some recourse if they are victims of securities fraud. In addition, both of these laws are backed up by other federal and state laws that are designed to protect investors and to keep securities markets operating fairly and honestly.
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