Suits alleging criminal violations of the Uniform Securities Act must be brought within 5 years of the occurrence of the alleged violation.
The Uniform Securities Act is a model law to regulate securities and prevent fraud. It strengthens the Securities and Exchange Commission (SEC) in its role as enforcer and regulator.
Because a high proportion of investments are not covered under federal laws, there is a need for state-level laws to regulate securities and protect investors. The Uniform Securities Act provides a model for states to draft their own laws.
Securities regulation encompasses various measures like registration of investors, brokers, investment advisers, etc. The regulatory agencies are empowered to establish rules and prosecute violators in court.
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