National Securities Markets Improvement Act of 1996
E60563
The National Securities Markets Improvement Act of 1996 is a U.S. federal law that reallocated regulatory authority between federal and state securities regulators to streamline oversight of investment advisers and securities offerings.
All labels observed (1)
| Label | Occurrences |
|---|---|
| National Securities Markets Improvement Act of 1996 canonical | 5 |
How this entity was disambiguated
This entity first appeared as the object of triple T486078 — resolving that mention is where its identity was fixed. The disambiguator weighed these candidate entities and picked the highlighted one (or “None”, minting a new entity). This is how homonymy is resolved: the same surface form can point to different entities.
NED1
Entity disambiguation (via context triple)
gpt-5-mini-2025-08-07
Target entity: National Securities Markets Improvement Act of 1996 Context triple: [Investment Advisers Act of 1940, amendedBy, National Securities Markets Improvement Act of 1996]
-
A.
Sarbanes–Oxley Act of 2002
The Sarbanes–Oxley Act of 2002 is a U.S. federal law that established sweeping reforms to improve corporate governance, financial reporting, and auditor independence in response to major accounting scandals.
-
B.
U.S. Securities Exchange Act of 1934
The U.S. Securities Exchange Act of 1934 is a landmark federal law that created the Securities and Exchange Commission (SEC) and established comprehensive regulation of secondary trading of securities in the United States to restore investor confidence and prevent market abuses.
-
C.
Investment Advisers Act of 1940
The Investment Advisers Act of 1940 is a U.S. federal law that regulates investment advisers by imposing registration, fiduciary, disclosure, and anti-fraud obligations to protect investors.
-
D.
Investment Company Act of 1940
The Investment Company Act of 1940 is a U.S. federal law that regulates the organization and activities of investment companies, such as mutual funds, to protect investors through disclosure, governance, and operational requirements.
-
E.
Aldrich–Vreeland Act
The Aldrich–Vreeland Act was a 1908 U.S. law that created emergency currency provisions and laid groundwork for banking reform in response to the Panic of 1907.
- F. None of above. chosen
- G. Unsure - the case is ambiguous/there is not enough information to decide.
NED2
Entity disambiguation (via description)
gpt-5-mini-2025-08-07
Target entity: National Securities Markets Improvement Act of 1996 Target entity description: The National Securities Markets Improvement Act of 1996 is a U.S. federal law that reallocated regulatory authority between federal and state securities regulators to streamline oversight of investment advisers and securities offerings.
-
A.
Sarbanes–Oxley Act of 2002
The Sarbanes–Oxley Act of 2002 is a U.S. federal law that established sweeping reforms to improve corporate governance, financial reporting, and auditor independence in response to major accounting scandals.
-
B.
U.S. Securities Exchange Act of 1934
The U.S. Securities Exchange Act of 1934 is a landmark federal law that created the Securities and Exchange Commission (SEC) and established comprehensive regulation of secondary trading of securities in the United States to restore investor confidence and prevent market abuses.
-
C.
Investment Advisers Act of 1940
The Investment Advisers Act of 1940 is a U.S. federal law that regulates investment advisers by imposing registration, fiduciary, disclosure, and anti-fraud obligations to protect investors.
-
D.
Investment Company Act of 1940
The Investment Company Act of 1940 is a U.S. federal law that regulates the organization and activities of investment companies, such as mutual funds, to protect investors through disclosure, governance, and operational requirements.
-
E.
Aldrich–Vreeland Act
The Aldrich–Vreeland Act was a 1908 U.S. law that created emergency currency provisions and laid groundwork for banking reform in response to the Panic of 1907.
- F. None of above. chosen
Statements (47)
| Predicate | Object |
|---|---|
| instanceOf |
United States federal statute
ⓘ
securities regulation law ⓘ |
| affects |
federal securities regulators
ⓘ
state securities regulators ⓘ |
| allocatesAuthorityTo |
Securities and Exchange Commission
ⓘ
surface form:
U.S. Securities and Exchange Commission
|
| amends |
Investment Advisers Act of 1940
ⓘ
Investment Company Act of 1940 ⓘ U.S. Securities Act of 1933 ⓘ
surface form:
Securities Act of 1933
U.S. Securities Exchange Act of 1934 ⓘ
surface form:
Securities Exchange Act of 1934
|
| appliesTo |
large investment advisers
ⓘ
public securities offerings ⓘ registered investment companies ⓘ |
| areaOfLaw |
financial regulation
ⓘ
securities regulation ⓘ |
| codifiedIn | Title 15 of the United States Code ⓘ |
| country |
United States of America
ⓘ
surface form:
United States
|
| createsConcept |
federal covered advisers
ⓘ
federal covered securities ⓘ |
| enactedBy | United States Congress ⓘ |
| focusesOn |
reduction of duplicative regulation
ⓘ
regulatory efficiency in securities markets ⓘ |
| governs |
division of oversight between SEC and states
ⓘ
registration thresholds for investment advisers ⓘ |
| hasImpactOn |
registration of investment advisers
ⓘ
registration of securities offerings ⓘ state blue sky laws ⓘ |
| jurisdiction | federal ⓘ |
| legislativeArea |
capital markets
ⓘ
investor protection ⓘ |
| limitsAuthorityOf | state securities regulators ⓘ |
| objective |
to promote uniform national standards for certain securities regulation
ⓘ
to reduce regulatory fragmentation in U.S. securities markets ⓘ |
| preempts |
certain state regulation of nationally registered investment advisers
ⓘ
certain state securities registration requirements ⓘ |
| purpose |
to reallocate regulatory authority between federal and state securities regulators
ⓘ
to streamline oversight of investment advisers ⓘ to streamline oversight of securities offerings ⓘ |
| regulates |
investment advisers
ⓘ
securities offerings ⓘ |
| relatedTo |
Securities and Exchange Commission
ⓘ
state securities commissions ⓘ |
| shortName | NSMIA ⓘ |
| signedBy | Bill Clinton ⓘ |
| subjectOf |
investment adviser regulation analysis
ⓘ
securities law commentary ⓘ |
| typeOfPreemption | federal preemption of certain state securities laws ⓘ |
| yearEnacted | 1996 ⓘ |
How these facts were elicited
The pipeline generated the facts above by prompting gpt-5.1 with this entity's name + description and the instruction below.
Instruction
You are a knowledge base construction expert. Given a subject entity and a description of it, return factual statements that you know for the subject as a JSON list of dictionaries(triples), where keys must be "subject", "predicate" and "object". The number of facts may be very high, between 25 to 50 or more, for very popular subjects. For less popular subjects, the number of facts can be very low, like 5 or 10. # Requirements - If you don't know the subject at all, return an empty list. - If the subject is not a named entity, return an empty list. - Include at least one triple where predicate is "instanceOf". - Do not get too wordy. - Separate several objects into multiple triples with one object.
Input
Subject: National Securities Markets Improvement Act of 1996 Description of subject: The National Securities Markets Improvement Act of 1996 is a U.S. federal law that reallocated regulatory authority between federal and state securities regulators to streamline oversight of investment advisers and securities offerings.
Referenced by (5)
Full triples — surface form annotated when it differs from this entity's canonical label.
subject surface form:
'33 Act
United States federal securities laws
→
includes
→
National Securities Markets Improvement Act of 1996
ⓘ