Shares of stock are "securities" and as such are subject to federal and state regulation of their offer and sale.

股份属于“证券”，因而其发行和要受联邦和州的管理。

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In this way, Mr Sinha will manage to meet his budget target for this year's revenues from the sale of state-owned shares.

ECONOMIST: Sleight of hand

Charges of irregularity in the sale of shares in the state refinery, Tupras and also in a tender for the operation of Istanbul's Galata port have weakened that claim.

ECONOMIST: Better late than never | The

Both the dividends and any gains on the sale of the shares would be exempt from all federal, state, and local taxes.

FORBES: Before Going Over The Fiscal Cliff, Let The Markets Score The Competing Tax Plans