LRANY Video Series: New York’s “Martin Act”

This week, to continue the LRANY Video Series, Tom Stebbins discussed New York’s “Martin Act.”

The Martin Act was established in Albany in 1921, it granted the Attorney General broad powers to investigate and pursue alleged wrongdoing associated with the purchase and sale of securities. The Martin Act is one of the toughest securities laws in the nation as these powers of the AG are so extraordinary that this act does not require any elements of proof.

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