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That's true. However, the only area of financials I can think of where state laws
may be stricter than the feds is Muni Bonds or some of the mixed insurance
products like variable life insurance, etc. Other than that it is to increase
revenue for the state through licensure, and if a person follows Federal Regs.
they are probably ok. AMA
Robyn Greene wrote:
> States are normally free to pass laws which are more restrictive than federal
> laws - particularly when it comes to protecting consumers (unless there's
> overwhelming evidence of federal pre-emption). Robyn
>
> > Thier rules and regulations are FEDERAL and
> > therefore superceed all state regulations.
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