Market Consulting Corporation offers a range of litigation support and expert witness services for both claimants / plaintiffs and respondents / defendants in matters involving the following:
The regulatory structure relating to securities in the United States is diffuse. At the federal level it derives from the following Acts of Congress enacted during the Great Depression, which followed the stock market crash of 1929.
In addition, each state regulates securities sales through its Blue Sky laws. Most states have adopted variants of the Uniform Securities Act, which is a model act drafted for the purpose of encouraging uniformity in regulation at the state level. While this appears duplicative, state regulation often differs from federal regulation to a considerable degree, as it does from state to state.
Also, various other federal and state laws are important such as the Maloney Act of 1938, which allowed the securities industry a measure of self-regulation. The New York Stock Exchange, FINRA and various other exchanges have also served as self-regulatory organizations, or SRO’s, and have promulgated rules for their members.
An important state law is the Martin Act, a once-dormant 1921 New York Blue Sky law, which New York authorities have used to combat stock fraud schemes. Under this Act there is both the power to subpoena and indict, which the SEC can only do by referral to the U.S. Department of Justice.
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