over any civil action alleging securities fraud with respect to an issuer, and any such action brought in any State court shall be removable to the Federal district court for the district in which the action is pending. (c) Preservation of State authority Consistent with this section, the securities commission (or agency or office performing like functions) of any State shall retain jurisdiction under the laws of such State to investigate and bring— (1) civil enforcement actions with respect to fraud or deceit, or unlawful conduct in connection with securities or securities transactions other than in connection with a covered security or transactions of a covered security