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The State of Arizona Follows a Merit Review Process of Proposed

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Essay

The state of Arizona follows a merit review process of proposed securities offerings.The Securities Division reviews proposed offerings to look for problems with fraud.This review is done in addition to the SEC review at the federal level.The state regulators have recently issued an interpretation that provides the state can stop all stock offerings of any firms doing business in Arizona - even if the stock will not be sold to Arizona residents.Can the regulators constitutionally exercise this power?


Definitions:

Experimental Procedure

A specific set of steps in scientific research designed to test a hypothesis under controlled conditions.

Debriefing

A step at the end of an experiment in which the researcher explains the study’s purpose and design to each participant and undoes any manipulations to participants’ beliefs or state.

Hidden Manipulation

Hidden manipulation involves discreet or covert actions aimed at controlling or influencing others without their conscious awareness.

APA Regulations

Guidelines set by the American Psychological Association concerning ethical practices in psychological research and clinical practice.

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