The Securities Act of 1933 regulates the issuance of new, nonexempt securities. Which of the following regarding the SEC under the Securities Exchange Act of 1934 are TRUE? It regulates the securities exchanges. It requires the registration of broker/dealers.
Which of the following is regulated by the Securities Act of 1933?
Securities Act of 1933
| Long title | An act to provide full and fair disclosure of the character of securities sold in interstate and foreign commerce and through the mails, and to prevent frauds in the sale thereof, and for other purposes. |
| Nicknames | Securities Act 1933 Act ’33 Act |
| Citations | |
|---|---|
What does the 1933 Securities Act regulate quizlet?
II and III. The Securities Act of 1933 regulates new issues of corporate securities sold to the public. The act is also referred to as the Full Disclosure Act, the Paper Act, the Truth in Securities Act, and the Prospectus Act. The purpose of the act is to require full, written disclosure about a new issue.
Which of the following is regulated by the Securities Exchange Act of 1934?
The Securities and Exchange Act of 1934 (Exchange Act) is United States legislation that regulates securities trading on the secondary market, stock exchange markets and the participants involved to protect investors.
What is the primary purpose of the Securities Act of 1933 quizlet?
The primary purpose of the Securities Act of 1933 was to provide full disclosure of all pertinent information on a new security issue.
Which of the following would not be considered a security under the 1933 Act?
A bond is not considered a security under federal law. A limited partnership interest is not considered a security. The 1933 Securities Act regulates primary offerings.
Which of the following is not true of the Securities Act of 1933?
Which of the following is NOT true about the Securities Act of 1933? Securities that are issued online are not covered by the 1933 Act.
What was the federal Securities Act quizlet?
The Securities Exchange Act of 1934 was created to provide governance of securities transactions on the secondary market (after issue) and regulate the exchanges and broker-dealers in order to protect the investing public.
What should a company include in its prospectus under the Securities Act of 1933?
A prospectus must include the following information: A description of the company’s properties and business. A description of the security being offered. Information about executive management.
Which of the following are covered under the Securities Exchange Act of 1934 quizlet?
The Securities Exchange Act of 1934 does regulate trading of all non-exempt securities, including common stocks, preferred stocks, corporate bonds, options on securities, etc. The general provisions of the Securities Exchange Act of 1934 apply to non-exempt securities only.
Which of the following is not regulated by the Securities Exchange Act of 1934?
regulation of insider trading. The Securities Exchange Act of 1934 covers all of the following EXCEPT: A) trading of corporate securities.
Which of the following laws defined a security product?
The Securities Act of 1933 defines a securities product.
Who is responsible for adopting rules to achieve the purposes of the Securities Acts?
The SEC can adopt rules and regulations to interpret and implement federal securities laws. Companies that must file periodic reports with the SEC and to their shareholders.
What are the two basic objectives of the 1933 Securities Act?
Often referred to as the “truth in securities” law, the Securities Act of 1933 has two basic objectives: require that investors receive financial and other significant information concerning securities being offered for public sale; and prohibit deceit, misrepresentations, and other fraud in the sale of securities.
Who must register under the Securities Act of 1933?
The Securities Act of 1933 has two basic objectives: To require that investors receive financial and other significant information concerning securities being offered for public sale; and. To prohibit deceit, misrepresentations, and other fraud in the sale of securities.
What did the Securities Exchange Act of 1934 do?
AN ACT To provide for the regulation of securities exchanges and of over-the- counter markets operating in interstate and foreign commerce and through the mails, to prevent inequitable and unfair practices on such exchanges and markets, and for other purposes.
What different aspects of financial markets do the Securities Act of 1933 and the Securities Exchange Act of 1934 regulate?
The 1933 act was followed by the Securities Exchange Act of 1934. The 1934 act established the SEC as the government’s enforcement arm to govern securities trading. The new law granted the SEC the power to regulate and oversee brokerage firms, self-regulatory organizations, transfer agents, and clearing agents.
Which of the following issuers must report to the SEC under the Securities Exchange Act of 1934 quizlet?
Which of the following issuers must report to the SEC under the Securities Exchange Act of 1934? The best answer is A. Only corporations and investment companies (which are either corporations or trusts) file annual and semi-annual reports with the SEC.
Which of the following are national securities exchanges that must register with the SEC i NYSE II AMEX NYSE American III PHLX IV CBOE?
Which of the following are national securities exchanges that MUST register with the SEC? The Securities Exchange Act of 1934 requires that each national securities exchange register with the SEC. Such exchanges include the NYSE, AMEX (NYSE American), CBOE, PHLX, etc.
What is exempt from the Securities Act of 1933?
Exempt transactions are securities transactions that are exempt from the registration requirements of the 1933 Securities Act. Four typical examples of transaction exemptions in the United States include 1) Regulation A Offerings, 2) Regulation D Offerings, 3) Intrastate Offerings, and 4) Rule 144 Offerings.
Which of the following is not true about SEC actions under the Securities Exchange Act of 1934?
Which of the following is NOT true about SEC actions under the Securities Exchange Act of 1934? The SEC may not require defendants to disgorge illegally gained profits.
Which of the following laws regulates securities transactions?
Which of the following are acts regulating securities transactions? E. The Securities Act of 1933 and the Securities Exchange Act of 1934, but not the Anti-Fraud Securities Act of 2001.
Which of the following securities are typically exempt from state registration requirements?
Which of the following securities are typically exempt from state registration requirements? The best answer is C. State registration is not required for those securities that are exempt under the Federal Securities Acts, such as U.S. Government and Municipal debt.
Which of the following does the Securities Exchange Act of 1934 regulate?
The Securities and Exchange Act of 1934 (Exchange Act) is United States legislation that regulates securities trading on the secondary market, stock exchange markets and the participants involved to protect investors.
Which of the following securities are exempt from registration under the Securities Act of 1933 choose 3 answers?
Government bonds, municipal bonds, and Small Business Investment Company issues are all exempt securities under the 1933 Act.
Which of the following is an acceptable practice under the Securities Act of 1933?
Which two of the following would be classified as acceptable practices under the Securities Act of 1933? Selling shares of a new issue to established clients on the day prior to the day that the registration statement for the securities becomes effective.
Which of the following documents must be filed with the SEC under the Securities Act of 1933 before a company can issue new securities to the public?
Registration Statements
The Securities Act of 1933 mandates that all companies seeking to raise capital for new publicly offered products in the U.S. must file a prospectus with the Securities and Exchange Commission.
Does SEC regulate insurance?
The SEC began regulating variable insurance products soon after their introduction in the 1950’s.
Are insurance policies considered securities?
For the policyholder, an insurance policy is a contract with the insurance company. It involves ownership. Insurance policies also have a specified value. Thus, while most insurance policies are not securities per se, they can possibly be viewed as an alternative type of financial instrument.
What does the Securities Act of 1933 do quizlet?
The Securities Act of 1933 requires the registration of all new nonexempt issues of securities sold to the public. In general, exempt issues include municipal securities, U.S. government securities, bank issues, and nonprofit organization securities.
What is the primary purpose of the Securities Act of 1933 quizlet?
The primary purpose of the Securities Act of 1933 was to provide full disclosure of all pertinent information on a new security issue.
Which of the following securities are required to be registered under the Securities Act of 1933 quizlet?
The Securities Act of 1933 requires the registration of all new nonexempt issues of securities sold to the public. In general, exempt issues include municipal securities, U.S. government securities, bank issues, and nonprofit organization securities.
Which of the following is not subject to the registration requirements of the Securities Act of 1933 quizlet?
Which of the following is NOT subject to the registration requirements of the Securities Act of 1933? The best answer is D. ADRs (American Depositary Receipts) are non-exempt securities and must be registered with the SEC under the Securities Act of 1933.
What does the Securities Exchange Act of 1934 govern quizlet?
The Securities Exchange Act of 1934 governs the rules for agents, broker dealers and securities that trade on the secondary markets. In an attempt to provide a fair and orderly market for investors, the Act also determines the laws that regulate the exchanges and their participating broker-dealers.
Which of the following advisers are exempt from registration under the Investment Advisers Act of 1940?
Under the Investment Advisers Act of 1940, which of the following persons is exempt from registration with the SEC? Under the Investment Advisers Act of 1940, anyone who gives advice about securities only to insurance companies is exempt from registration.
What was the significance of the Securities and Exchange Commission quizlet Chapter 25?
It overturned the National Industrial Recovery Act, ruling that Congress had given too much power to the president and representing the growing opposition to the New Deal.
What is the role of the Securities and Exchange Commission SEC )? How does it influence the economy?
The SEC gives investors confidence in the U.S. stock market. That’s critical to the strong functioning of the U.S. economy. It does this by providing transparency into the financial workings of U.S. companies. It makes sure investors can get accurate and consistent information about corporate profitability.
Which of the following securities are directly interest rate sensitive?
Preferred stocks and bonds are directly interest rate sensitive because they pay a fixed dividend or interest rate.
Which of the following is an accredited investor under Regulation D?
Which of the following are accredited investors? An individual whose net worth, excluding the value of her principal residence, is greater than $1 million. An individual whose income was greater than $200,000 in each of the 2 most recent years with a reasonable expectation of reaching that level again this year.
Which securities is not exempt from the Securities Act of 1933 A Industrial company issues?
Which of the following securities is NOT exempt from the Securities Act of 1933? Benevolent association, small business investment company, and common carrier issues are all exempt under the Securities Act of 1933. Industrial companies are not exempt – their securities must be registered and sold with a prospectus.
Which of the following is an exempt transaction under the 1934 Act?
Exempt transactions include isolated nonissuer transaction; transactions between an issuer and an underwriter; transactions by an executor, Administrator, sheriff, marshal, trustee in bankruptcy, guardian, or conservator; any sale or offer to a bank, savings institution, investment company, or other financial …