The most recent release of this publication, which is current through September 2009, features a completely revised chapter on N.Y. state securities regulation, the Martin Act. The Martin Act —Chapter 20, Article 23-A of the General Business Law—is administered by the Office of the Attorney General, through the Department of Law and its Investor Protection Bureau, and regulates the offer and sale of securities, and provides for registration of securities and commodities broker-dealers and their salespersons, and of investment advisers. However, it differs from other state securities laws in several significant ways. Most notably, instead of regulating securities offerings through registration and qualification requirements and processes, the Martin Act deals with offerings by focusing on regulation of the brokers-dealers who engage in the offer and sale of the securities, and imposing an extraordinarily broad antifraud prohibition enforceable exclusively by the Attorney General.