Description: Regulates the formation and operation of Real Estate Investment Trusts (REITs) in Pennsylvania, providing investor protection measures and disclosure requirements.

Scope: This Act ensures that REITs are subject to state laws designed to protect the interests of shareholders, regulating their formation, management, and investment practices.

Description: Regulates investment advisers in Pennsylvania, requiring them to register with the state and comply with fiduciary duties to clients.

Scope: The Act ensures that investment advisers act ethically and transparently, providing clients with the necessary information to make informed investment decisions.

Description: Allows Pennsylvania-based businesses to raise up to $1 million through crowdfunding while imposing investor limits to protect against excessive risk.

Scope: Provides small businesses with access to capital while offering protections such as annual investment caps and disclosure requirements for crowdfunding campaigns.

Description: Protects investors through mandatory securities registration and regulates both public and private securities offerings to prevent fraud.

Scope: This law ensures that all securities offered to the public are registered unless exempt, and provides a clear mechanism for investigating and prosecuting securities fraud.

Description: Governs the registration, sale, and distribution of securities in Pennsylvania. The act aims to protect investors from fraud and ensures full disclosure of material information.

Scope: The Act provides guidelines for public offerings, private placements, and establishes penalties for fraudulent practices in securities transactions. It regulates both the issuer and the investment adviser.