Lesson plan
Covered security
In U.S. law, a covered security may refer to two categories of securities: * Under The National Securities Markets Improvement Act of 1996, as codified in Section 18 of the Securities Act of 1933, a "covered security" enjoys certain preemption rights as described below, and includes more than one category of security. A large category of "covered security" includes any security listed (or authorized for listing) on an SEC-registered exchange, which as of March 16, 2023, included among others the NYSE, AMEX, Midwest (Chicago), and NASDAQ Global Market (for complete list see https://www.sec.gov/rules/sro.shtml), or any security with the same issuer that is senior to the listed security (for example, bonds and preferred stock) or equal in seniority to the listed security (for example, certain rights and warrants). Another common category of "covered security" includes shares issued in certain private placements including most notably those conducted pursuant to SEC Rule 506 of Regulation D, although such securities are only "covered" in connection with that particular transaction. Offers and sales of covered securities are exempt from certain registration (also known as "qualification" in many states) and filing requirements of state securities laws (many but not all of which are based upon the Uniform Securities Act), but are not exempt from any anti-fraud provisions.…
Article summary
In U.S. law, a covered security may refer to two categories of securities: * Under The National Securities Markets Improvement Act of 1996, as codified in Section 18 of the Securities Act of 1933, a "covered security" enjoys certain preemption rights as described below, and includes more than one category of security. A large category of "covered security" includes any security listed (or authorized for listing) on an SEC-registered exchange, which as of March 16, 2023, included among others the NYSE, AMEX, Midwest (Chicago), and NASDAQ Global Market (for complete list see https://www.sec.gov/rules/sro.shtml), or any security with the same issuer that is senior to the listed security (for example, bonds and preferred stock) or equal in seniority to the listed security (for example, certain rights and warrants). Another common category of "covered security" includes shares issued in certain private placements including most notably those conducted pursuant to SEC Rule 506 of Regulation D, although such securities are only "covered" in connection with that particular transaction. Offers and sales of covered securities are exempt from certain registration (also known as "qualification" in many states) and filing requirements of state securities laws (many but not all of which are based upon the Uniform Securities Act), but are not exempt from any anti-fraud provisions.…
Key claims
No claims recorded.
Discussion questions
- Summarise the article in your own words. Which single claim would you verify first, and why?
- Which claim in this article is most likely to be revised as the sources update? How would you check its current status?
- If two sources disagreed about one of these facts, what would you need in order to trust one over the other?
Bibliography
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Key claims and bibliography are generated from the same tracked claims and sources as the article page.