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The Future of Blue Sky Laws: Is This the Beginning of the End for NSMIA Preemption?

Despite the enactment of the National Securities Market Improvement Act (“NSMIA”) in 1996, which aimed to create more uniform regulation of securities at the federal level, recent developments in Missouri suggest this...more

In Potential Turning Point, Massachusetts Court Upholds Fiduciary Duty Rule for Brokers/Dealers

A decision from a Massachusetts court in a case involving Robinhood, the online trading platform, could mark a turning point in how states regulate broker/dealers around the country. The Massachusetts Supreme Judicial Court...more

Can Blue Sky Laws Break Through the Clouds?

Though their name implies perfect clarity, Blue Sky Laws are notoriously unclear, especially when it comes to each state's unique set of requirements. The ambiguity plaguing Blue Sky Laws arises from a lack of authority and...more

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