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This treatise discusses an array of topics related to the Blue Sky Law or state regulation of securities transactions, including what is a security, conflicts of law issues, federal preemption, securities and transactional exemptions, civil and criminal liability, and administrative and civil enforcement. It gives you a thorough examination of the authorities that have interpreted law and procedures in the United States, Guam, Puerto Rico, and the U.S. Virgin Islands. This focused discussion is based on the Uniform Securities Act, as amended, which has been adopted in part or in whole in most U.S. jurisdictions.