Federal Securities Laws: Core federal regulations including Securities Act of 1933, Securities Exchange Act of 1934, Investment Company Act of 1940, and Investment Advisers Act of 1940. These form the foundation of securities regulation in the US.
FINRA Regulations: Self-regulatory organization rules including FINRA Rule 2341 (Investment Company Securities), Rule 2320 (Variable Contracts), and Rule 2210 (Communications with the Public). These govern broker-dealer conduct and fund distribution practices.
State Securities Laws: Also known as 'Blue Sky Laws', these state-specific regulations include registration, licensing, and disclosure requirements that vary by jurisdiction.
BSA and AML Requirements: Bank Secrecy Act and Anti-Money Laundering regulations, including USA PATRIOT Act compliance, customer identification programs, and suspicious activity reporting requirements.
Consumer Protection Laws: Federal Trade Commission Act and state consumer protection statutes designed to protect investors and ensure fair business practices.
Distribution-Specific Regulations: Specific rules governing fund distribution including SEC Rule 12b-1, Regulation Best Interest (Reg BI), Form CRS requirements, and DOL fiduciary rules for retirement accounts.
Tax Regulations: Internal Revenue Code provisions, state tax regulations, and FATCA compliance requirements for international distribution considerations.
Contract Law: State-specific contract laws and Uniform Commercial Code (UCC) provisions that govern the formation and enforcement of distribution agreements.
