DEFINITION of 'State Administrator'

The government agency or official who oversees and enforces state-level regulations regarding securities transactions. Model legislation called the Uniform Securities Act guides each state in setting its own laws for securities transactions that do not fall under federal regulation. The state administrator's job is to protect investors from securities fraud at the state level.

BREAKING DOWN 'State Administrator'

The state administrator essentially acts like the federal securities regulator, the Securities and Exchange Commission, on matters that do not fall under the SEC's purview. A state administrator's role includes the ability to bar, censure, restrict or suspend registered organizations or individuals who fail to adhere to the terms set forth in the Uniform Securities Act. These terms include willful securities violations, unethical business practices, felony convictions and other such infractions.

RELATED TERMS
  1. Uniform Securities Act

    An act created as a starting point for state-level securities ...
  2. Covered Security

    A class of securities, created by the National Securities Market ...
  3. Securities Act Of 1933

    A federal piece of legislation enacted as a result of the market ...
  4. SEC Release IA-1092

    A release from the Securities & Exchange Commission (SEC) that ...
  5. Securities Exchange Act Of 1934

    The Securities Exchange Act of 1934 was created to provide governance ...
  6. Administrative Law

    The body of law that governs the administration and regulation ...
Related Articles
  1. Trading

    Financial Regulators: Who They Are And What They Do

    Find out how these government agencies govern the financial markets.
  2. Financial Advisor

    Succeeding At The Series 63 Exam

    Your career as a securities agent begins with this test. We'll show you how to score high.
  3. Investing

    Series 63 Exam State Securities Administrator

    Learn what you need to know about the state securities administrator to pass the Series 63 exam.
  4. Financial Advisor

    Series 66 Exam Prep: The Uniform Securities Act

    Before you take the series 66, you need to understand the Uniform Securities Act and the Blue Sky Laws.
  5. Insights

    Understanding the SEC

    The SEC's triple mandate of investor protection, maintenance of orderly markets and facilitation of capital formation makes it a vital player in capital markets.
  6. Personal Finance

    Policing The Securities Market: An Overview Of The SEC

    Find out how this regulatory body protects the rights of investors.
  7. Personal Finance

    What's the SEC?

    The Securities and Exchange Commission (SEC) is an independent agency of the United States government. The mission of the SEC is to enforce securities laws passed by congress. These laws aim ...
  8. Insights

    The SEC: A Brief History Of Regulation

    The SEC has continued to make the market a safer place and to learn from and adapt to new scandals and crises.
  9. Personal Finance

    Government Regulations: Do They Help Businesses?

    Is it possible that laws created to protect consumers can benefit businesses at the same time?
  10. Investing

    What are Government Securities?

    Government securities are debt instruments that governments issue to raise capital.
RELATED FAQS
  1. How are asset management firms regulated?

    Find out how the asset management industry is regulated and how those regulations fit within the broader scope of financial ... Read Answer >>
  2. Which version of the Uniform Securities Act should I study to prepare for my Series ...

    Learn more about the Uniform Securities Act and the relationship between the Act and NASAA policies. Find out why NASAA model ... Read Answer >>
  3. What are some of the major regulatory agencies responsible for overseeing financial ...

    Discover the specific responsibilities of some of the major regulatory agencies that oversee financial institutions in the ... Read Answer >>
  4. Is a person registered for Financial Instruments Business eligible to conduct both ...

    Explore Japan's 2006 Financial Instruments and Exchange Law, and understand how the law affects investment services regulation. Read Answer >>
  5. Under the Uniform Securities Act, federal covered securities include those sold ...

    The correct answer is b. Qualified purchasers are defined under the Uniform Securities Act as either a person who owns at ... Read Answer >>
  6. Under the Uniform Securities Act, federal covered securities include those sold ...

    The correct answer is b. Qualified purchasers are defined under the Uniform Securities Act as either a person who owns at ... Read Answer >>
Trading Center