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 |
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What does the 1933 Securities Act regulate?
The Securities Act serves the dual purpose of ensuring that issuers selling securities to the public disclose material information, and that any securities transactions are not based on fraudulent information or practices.
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.
Who does the Securities Act of 1933 apply to?
The act—also known as the “Truth in Securities” law, the 1933 Act, and the Federal Securities Act—requires that investors receive financial information from securities being offered for public sale. This means that prior to going public, companies have to submit information that is readily available to investors.
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.
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.
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.
Which of the following types of securities or securities transactions are exempt from the need to be registered under the Securities Act of 1933?
Summary. 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 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 are regulated under the Securities Exchange Act of 1934 broker/dealers investment Advisers pension plans transfer agents?
The Securities Exchange Act of 1934 regulates broker-dealers and transfer agents. Investment advisers are regulated under the Investment Advisers Act of 1940 (and, to a certain extent, the Investment Company Act of 1940), whereas pension plans in the private sector are regulated under ERISA.
Which of the following issuers must register securities with the SEC under the 1934 Act?
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.
What does the Securities Exchange Act require?
The Securities Exchange Act requires disclosure of important information by anyone seeking to acquire more than 5 percent of a company’s securities by direct purchase or tender offer. Such an offer often is extended in an effort to gain control of the company. If a party makes a tender offer, the Williams Act governs.
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 did the Glass Steagall Act established?
June 16, 1933. The Glass-Steagall Act effectively separated commercial banking from investment banking and created the Federal Deposit Insurance Corporation, among other things. It was one of the most widely debated legislative initiatives before being signed into law by President Franklin D. Roosevelt in June 1933.
What are the 5 exempt securities?
Certain types of securities and certain transactions are deemed by the SEC to be exempt from registration requirements. Exempt Security – Common types of exempt securities are government securities, bank securities, high-quality debt instruments, non-profit securities, and insurance contracts.
Which of the following is not subject to the registration requirements of the Securities Act of 1933?
Foreign Currency Contracts; Foreign currency contracts are not securities, and hence are not subject to the 1933 Act (though foreign currency option contracts traded on the Philadelphia Stock Exchange are subject to the Act).
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.
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 individuals would be defined as an agent under the Uniform Securities Act?
To be defined as an “agent” under the Uniform Securities Act, an individual must take, or solicit, orders from the public. Individuals who do not solicit the public or who solely perform clerical or managerial duties, do not fall under the definition.
Which of the following must be registered with the SEC as an investment adviser under the Investment Advisers Act of 1940?
The investment adviser (the firm) must be registered with the SEC if it has $100,000,000 or more of assets under management (a federal covered adviser). If the firm has less than $100,000,000 of assets under management, then it only is required to register with the State.
Which of the following issues is not exempt under the 1933 Act quizlet?
Which of the following securities is NOT exempt from the Securities Act of 1933? The best answer is A. Industrial companies are not exempt from the Securities Act of 1933. Common carriers, small business investment companies, and benevolent associations are all exempt.
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 not exempt under the Securities Act of 1933?
Government bonds, municipal bonds, and Small Business Investment Company issues are all exempt securities under the 1933 Act. Corporate bonds are non-exempt securities that must be registered with the SEC under the Securities Act of 1933.
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 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.
What is the Securities Act of 1933 and 1934?
The 1933 Act controls the registration of securities with SEC and national stock markets, and the 1934 Act controls trading of those securities.
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 types of companies must register with the SEC?
In general, all securities offered in the United States must be registered with the SEC or must qualify for an exemption from the registration requirements.
How does the SEC protect investors quizlet?
The SEC promotes full public disclosure, protects investors against fraudulent and manipulative practices in the market, and monitors corporate takeover actions in the United States.
What is the role of the Securities and Exchange Commission how does it influence the?
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 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.
Is the Banking Act of 1933 still in effect?
The 1933 Banking Act required all FDIC-insured banks to be, or to apply to become, members of the Federal Reserve System by July 1, 1934. The Banking Act of 1935 extended that deadline to July 1, 1936.
Which of the following is subject to the registration requirements of the Securities Act of 1933?
Which of the following is subject to the registration requirements of the Securities Act of 1933? The best answer is B. 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 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.
Which of the following securities are exempt from registration?
The Uniform Securities Act (USA) explicitly names the following as securities exempt from state registration: US government securities. Canadian government securities. National foreign government securities.