South Dakota Initiated Measure 9, Securities Practices and Transactions Measure (2008)
| South Dakota Initiative 9 | |
|---|---|
|
|
|
| Election date |
|
| Topic Business regulations |
|
| Status |
|
| Type Initiated state statute |
Origin |
South Dakota Initiative 9 was on the ballot as an initiated state statute in South Dakota on November 4, 2008. It was defeated.
A "yes" vote supported prohibiting short sales of stocks, and requiring a maximum of three business days to have securities delivered to the purchaser. |
A "no" vote opposed prohibiting short sales of stocks, and requiring a maximum of three business days to have securities delivered to the purchaser. |
Election results
|
South Dakota Initiative 9 |
||||
|---|---|---|---|---|
| Result | Votes | Percentage | ||
| Yes | 146,872 | 43.39% | ||
|
|
191,596 | 56.61% | ||
Text of measure
Ballot title
The ballot title for Initiative 9 was as follows:
| “ | An Initiative to make certain securities practices and transactions unlawful. | ” |
Path to the ballot
An initiated state statute is a citizen-initiated ballot measure that amends state statute. There are 21 states that allow citizens to initiate state statutes, including 14 that provide for direct initiatives and nine (9) that provide for indirect initiatives (two provide for both). An indirect initiated state statute goes to the legislature after a successful signature drive. The legislatures in these states have the option of approving the initiative itself, rather than the initiative appearing on the ballot.
In South Dakota, the number of signatures required for an initiated state statute is equal to 5% of the votes cast in the last gubernatorial election. A simple majority vote is required for voter approval.
See also
External links
Footnotes
 |
State of South Dakota Pierre (capital) |
|---|---|
| Elections |
What's on my ballot? | Elections in 2025 | How to vote | How to run for office | Ballot measures |
| Government |
Who represents me? | U.S. President | U.S. Congress | Federal courts | State executives | State legislature | State and local courts | Counties | Cities | School districts | Public policy |
