The Alabama Securities Commission is charged with administering the Alabama Securities Act, which is Alabama's state "blue-sky" law that governs the issuance and sale of securities, as well as the licensing of those professions dealing with securities. The Commission is responsible for regulating securities and licensing brokers, dealers, and investment advisors in the state of Alabama. All of these professionals must be licensed by the Alabama Securities Commission, unless subject to an exemption from licensing under state law. In order to prevent Alabama securities fraud, the Commission provides free information to the public about all brokers and financial advisors doing business in the state of Alabama, including license status, past disciplinary action, educational background, and work experience. Similarly, all securities issued or offered for sale in the state of Alabama must be registered with the Commission, unless exempt under Alabama state law. Finally, the Commission also receives and investigates complaints regarding potential securities law violations for the state of Alabama.