Pa Securities Regulators Observe 100 Years of Investor Protection ; March Marks Centennial for State Securities Regulation

U.S. Newswire › March 10, 2011

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HARRISBURG, March 10, 2011 /PRNewswire/ -- The Pennsylvania Securities Commission (PSC) today joins state securities regulators across the country observing 100 years of protecting investors. The nation's first state securities law went into effect on March 10, 1911 in Kansas. Pennsylvania's current protection system is based on modernizing legislation passed in 1972.

"For a century, vigilance at the state level has been the first line of investor protection," said PSC Chairman Robert Lam. "It's been our goal to ensure a level playing field and a fair deal for all."

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Pa Securities Regulators Observe 100 Years of Investor Protection ; March Marks Centennial for State Securities Regulation

Commissioner Tom Michlovic noted that over time, the role and responsibilities of state regulators has grown. "One hundred years ago, equity investments were limited primaril...

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