What Is Uniform Securities Act (USA)?
The model state securities law on which most state ('Blue Sky') securities statutes are based, and the primary legal framework tested on the Series 65 exam. It governs registration of securities, broker-dealers, agents, and investment advisers at the state level.
Uniform Securities Act (USA) across 3 exams
Uniform Securities Act (USA) appears on the following exams. Each defines it in the context candidates are tested on:
- Series 65
- The model state securities law on which most state ('Blue Sky') securities statutes are based, and the primary legal framework tested on the Series 65 exam. It governs registration of securities, broker-dealers, agents, and investment advisers at the state level.
- Series 63
- A model state securities law that individual states use as a template to draft their own "blue sky" statutes; the Series 63 exam is based on its provisions and the related NASAA rules.
- Series 66
- The model state securities law that most states have adopted, forming the basis for state ('blue sky') securities regulation tested on the Series 66. It governs registration of securities, broker-dealers, agents, and investment advisers within a state.