Laws & Regulations第 32 / 100 题

An Administrator's authority to conduct investigations and subpoena witnesses generally extends to conduct that:

a.Occurs only within the Administrator's own state and nowhere else
b.Originates in, is directed to, or is accepted within the state, even across state lines
c.Has no connection to the state
d.Involves only federal covered securities

解析

The Administrator has jurisdiction over an offer or sale that originates in, is directed into, or is accepted within the state. This includes cross-border activity touching the state. The Administrator may investigate and subpoena to enforce the Act within that jurisdictional reach.

法律依据: Uniform Securities Act

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