*Letters

Virginia SCC with Joint Legal Analysis: NSMIA Preempts the Rule’s POS Disclosure Requirements

Published on:
May 30, 2014

SIFMA and the Financial Services Institute (FSI) provide joint legal analysis to the Virginia State Corporation Commission stating the point-of sale disclosure requirements in Rule 21 VAC 5-20-280 A(32) are preempted by, among other things, Section 103 of the National Securities Markets Improvement Act of 1996 (NSMIA). 

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