Kentucky Statutes 292.530 – Purpose of chapter
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(1) The purpose of this chapter is to:
(a) Protect investors by preventing investment fraud and related illegal conduct or, if this fraud or illegal conduct has already occurred, remedying, where possible, the harm done to investors through active implementation and application of this chapter’s enforcement powers;
(b) Educate the investing public as to the best methods for making informed investment choices; and
(c) Assist companies in their legitimate attempts to raise capital and transact in securities in Kentucky.
(2) In addition, this chapter shall be so construed as to effectuate its general purpose to make uniform the law of those states which enact it and to coordinate the interpretation and administration of this chapter with the related federal regulation.
Effective: July 15, 2010
History: Amended 2010 Ky. Acts ch. 82, sec. 14, effective July 15, 2010. — Amended
1998 Ky. Acts ch. 20, sec. 23, effective July 15, 1998. — Created 1960 Ky. Acts ch.
110, sec. 22, effective January 1, 1961.
(a) Protect investors by preventing investment fraud and related illegal conduct or, if this fraud or illegal conduct has already occurred, remedying, where possible, the harm done to investors through active implementation and application of this chapter’s enforcement powers;
Terms Used In Kentucky Statutes 292.530
- Federal: refers to the United States. See Kentucky Statutes 446.010
- Fraud: Intentional deception resulting in injury to another.
- regulation: means either or both administrative rules or administrative regulations promulgated by any governmental or other regulatory or self-regulatory entity, as the context requires. See Kentucky Statutes 292.310
(b) Educate the investing public as to the best methods for making informed investment choices; and
(c) Assist companies in their legitimate attempts to raise capital and transact in securities in Kentucky.
(2) In addition, this chapter shall be so construed as to effectuate its general purpose to make uniform the law of those states which enact it and to coordinate the interpretation and administration of this chapter with the related federal regulation.
Effective: July 15, 2010
History: Amended 2010 Ky. Acts ch. 82, sec. 14, effective July 15, 2010. — Amended
1998 Ky. Acts ch. 20, sec. 23, effective July 15, 1998. — Created 1960 Ky. Acts ch.
110, sec. 22, effective January 1, 1961.