Federal Securities Law Reporter

Federal Securities Law Reporter in the United States

CCH’s Federal Securities Law Reporter brings together most of the materials essential for the practice of securities law. As such, it is probably the single most useful individual research tool for securities law research.

The FLSR is available in many formats. The print version is a 7-volume looseleaf service, with dozens of “transfer binders.” CCH also publishes a CD-ROM version. An online version is available through Lexis (CCH;CCHSEC) and, for subscribers, through Intelliconnect.

Contents: The FSLR reprints the text, regulations, forms and case annotations for the following securities laws:

  • The Securities Act of 1933
  • The Exchange Act of 1934
  • The Public Utility Holding Company Act of 1935
  • The Trust Indenture Act of 1939
  • The Investment Company Act of 1940
  • The Investment Advisers Act

The final volume of the print version holds “Current Matter,” that is, case digests and SEC rulings, no-action letters, interpretive letters, etc. from the current year. At the end of the year, these end up in Transfer Binders, which are generally kept at the end of the set. In addition to the general transfer binders, there are special ones for olderAccounting and Auditing Enforcement Releases, Accounting Series Releases, and No Action and Interpretive Letters.

Some points of interest in the print version:

  • Accounting Releases and Auditing Releases are published under their own tab in Volume 7.
  • The SEC Enforcement Manual is published at ¶88,300.
  • Finding lists for USC sections, CFR sections, Industry Guides andInterpretive Releases are published under the Finding Lists tab in the back half of Volume 7; lists of general Releases and Case annotations get their own tabs.
  • Financial Reporting Releases are published under their own tab in Volume 7.
  • Forms are listed (a) in the Forms List starting on page 65,921 of volume 7, (b) in a Table of Contents by Act starting at page 65,0001 in volume 7 and/or (c) some are listed in the Index under “Forms” in Volume 1.
  • Form S-1: There is a section on “How to Answer Form S-1” in Volume 2.
  • Regulation S-T and Regulation S-X are published under their own tabs in Volume 6.
  • Regulation S-B and Regulation S-K are published under their own tabs in Volume 7.
  • Releases are listed in a table starting on page 68,001 of Volume 7.
  • Rules of Practice and Conduct before the SEC are published under their own tab in Volume 6.
  • Schedules A and B of the Securities Act are published immediately after the text of the Securities Act in Volume 1 of the print edition, but they are also presented in annotated form in Volume 2.
  • Staff Accounting Bulletins are published with their own tab in volume 7. The SABs are published in two parts — at the front of the tab you get the top part of the SAB , in the rest you get the “Topics” (See “Staff Accounting Bulletins”).
  • Staff Legal Bulletins are published with their own tab in Volume 6.

Shepard’s: You can “Shepardize” FSLR paragraph citations (at least for cases).

State Laws: See “Blue Sky Laws” in this Legal Encyclopedia.

See Also

Blue Sky Laws
Corporate Law
Securities and Exchange Commission
Securities Laws

Federal Securities Law Reporter: Open and Free Legal Research of US Law

Federal Primary Materials

The U.S. federal government system consists of executive, legislative, and judicial branches, each of which creates information that can be the subject of legal research about Federal Securities Law Reporter. This part provides references, in relation to Federal Securities Law Reporter, to the legislative process, the federal judiciary, and the primary sources of federal law (cases, statutes, and regulations).

Federal primary materials about Federal Securities Law Reporter by content types:

Laws and Regulations

US Constitution
Federal Statutory Codes and Legislation

Federal Case Law and Court Materials

U.S. Courts of Appeals
United States courts of appeals, inclouding bankruptcy courts and bankcruptcy appellate panels:

Federal Administrative Materials and Resources

Presidential Materials

Materials that emanate from the President’s lawmaking function include executive orders for officers in departments and agencies and proclamations for announcing ceremonial or commemorative policies. Presidential materials available include:

Executive Materials

Federal Legislative History Materials

Legislative history traces the legislative process of a particular bill (about Federal Securities Law Reporter and other subjects) for the main purpose of determining the legislators’ intent behind the enactment of a law to explain or clarify ambiguities in the language or the perceived meaning of that law (about Federal Securities Law Reporter or other topics), or locating the current status of a bill and monitoring its progress.

State Administrative Materials and Resources

State regulations are rules and procedures promulgated by state agencies (which may apply to Federal Securities Law Reporter and other topics); they are a binding source of law. In addition to promulgating regulations, state administrative boards and agencies often have judicial or quasi-judicial authority and may issue administrative decisions affecting Federal Securities Law Reporter. Finding these decisions can be challenging. In many cases, researchers about Federal Securities Law Reporter should check state agency web sites for their regulations, decisions, forms, and other information of interest.

State rules and regulations are found in codes of regulations and administrative codes (official compilation of all rules and regulations, organized by subject matter). Search here:

State opinions of the Attorney General (official written advisory opinions on issues of state law related to Federal Securities Law Reporter when formerly requested by a designated government officer):

Tools and Forms

Law in Other Regions

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