On the recordJune 12, 2018
I believe that fraud is fraud, and that States should be free to regulate any form of securities fraud that they see fit.
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congress.govI believe that fraud is fraud, and that States should be free to regulate any form of securities fraud that they see fit.
Capuano emphasizes the importance of state regulation over securities fraud.
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The thing I am most interested in is what has happened to the regulations that we mandated and we set deadlines for that are now--some of them--many years past that deadline.
I am particularly opposed to this bill because in New York State, we have a powerful securities fraud law, called the Martin Act.
Unfortunately, H.R. 5037, seems to be aimed directly at the Martin Act, and by preempting these State laws, the bill would allow small-time fraud to run rampant.