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. Securities Act Of 1933

    The Securities Act Of 1933 is a federal piece of legislation ...
  2. Securities And Exchange Commission ...

    The Securities and Exchange Commission (SEC) is a U.S. government ...
  3. SEC Release IA-1092

    A release from the Securities & Exchange Commission (SEC) that ...
  4. North American Securities Administrators ...

    A voluntary organization, established in 1919, of securities ...
  5. Investment Company Act of 1940

    The Investment Company Act of 1940 was created through an act ...
  6. Regulation N

    One of the regulations set forth by the Federal Reserve. Regulation ...
Related Articles
  1. 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.
  2. Personal Finance

    Policing The Securities Market: An Overview Of The SEC

    Find out how this regulatory body protects the rights of investors.
  3. 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.
  4. Insights

    Government Regulations: Do They Help Businesses?

    These rules are in place to protect consumers and help businesses thrive at the same time.
  5. Insights

    American Airlines Uniform Manufacturer Speaks Out About Complaints (AAL)

    The manufacturer behind American Airlines’s new uniforms penned a letter saying that, despite complaints, its uniforms are safe to wear.
  6. Insights

    A Brief History of U.S. Banking Regulation

    From the establishment of the First Bank of the United States to Dodd-Frank, American banking regulation has followed the path of a swinging pendulum.
  7. Financial Advisor

    Series 63, Series 65 Or Series 66?

    When joining the world of investment professionals, you must take the right exams.
  8. Insights

    Financial Regulations: Glass-Steagall to Dodd-Frank

    Here are some of the most important financial regulations that have been established.
  9. Insights

    Trump's Executive Orders (So Far)

    Trump has been fulfilling campaign promises by issuing executive orders.
  10. Insights

    Erin Brockovich Rumored to be Interested in American Airlines Uniform Issue (AAL)

    Staff at American Airlines say their uniforms are causing allergic reactions, but the airline says the uniforms are safe.
RELATED FAQS
  1. What impact does government regulation have on the financial services sector?

    Learn about how the financial services industry is affected by government regulation, and the different types of regulations ... Read Answer >>
  2. How are investment banks regulated in the United States?

    Read about the extensive regulations placed on investment banks in the United States, beginning with the Glass-Steagall Act ... Read Answer >>
  3. Should mutual funds be subject to more regulation?

    Understand whether mutual funds need stricter regulation. Learn what types of current and future regulations have been put ... Read Answer >>
  4. What are key government regulations that affect investing in the banking sector?

    Discover how the global financial crisis of 2008 changed the face of banking in the United States and around the world by ... Read Answer >>
  5. How are margin calls regulated by the SEC?

    Learn how FINRA and the Federal Reserve Board regulate trading in margin accounts, and see how brokers can liquidate positions ... Read Answer >>
Hot Definitions
  1. Ethereum

    Ethereum is a decentralized software platform that enables SmartContracts and Distributed Applications (ĐApps) to be built ...
  2. Cryptocurrency

    A digital or virtual currency that uses cryptography for security. A cryptocurrency is difficult to counterfeit because of ...
  3. Financial Industry Regulatory Authority - FINRA

    A regulatory body created after the merger of the National Association of Securities Dealers and the New York Stock Exchange's ...
  4. Initial Public Offering - IPO

    The first sale of stock by a private company to the public. IPOs are often issued by companies seeking the capital to expand ...
  5. Cost of Goods Sold - COGS

    Cost of goods sold (COGS) is the direct costs attributable to the production of the goods sold in a company.
  6. Profit and Loss Statement (P&L)

    A financial statement that summarizes the revenues, costs and expenses incurred during a specified period of time, usually ...
Trading Center