National Securities Markets Improvement Act of 1996 (NSMIA)
Legislation passed by Congress in 1996 that created the Securities and Exchange Commission (SEC) as the sole licensing, registration, and regulatory authority for securities traded on national markets. States retained the right to prosecute fraud and to license and regulate activities restricted to an individual state.

Browse by Subjects

Popular Rules and Regulations Terms

cash offer
compensation
opening range
capital budget
alternative minimum tax
consolidation difference
Carrying Charge
minority shareholder
spot cash
majority shareholding