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What is the difference between a law and a regulation?

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What is the difference between a law and a regulation?

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A law is drafted and voted on by the legislative bodies of a state or the federal government and signed by the executive of the state (governor) or the United States (the President). A regulation is a rule of an administrative department of a state or federal government. Knowing and complying with securities laws and regulations is critical to any person or entity offering its securities for sale as a means of financing a project or business.

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