Securities Regulation Outline

Download: Securities_Regulation_Outline.pdf

Two Statues govern this area of law:

(1) Securities Act of 1933

• enacted in response to ‘29 crash

• policy of regulation through disclosure

• requires registration of securities

(2) Securities Exchange Act of 1934

• deals with regulation of security exchanges

• once you have disclosed under the ’33 Act you have continuing regulation under the ’34 Act

• act seeks to insure fair and orderly securities markets by prohibiting certain types of activities and by setting forth rules regarding the operation of the markets and participants

Securities and Exchange Commission (SEC)

• administers federal securities law and issue rules and regulations to provide protection for investors

• independent commission

• 5 members serve staggered five year terms

• no more than 3 members of the same party

More articles on Securities Alerts and Issues can be found in our Securities Alerts: SEC & FINRA Section

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Securities Regulation Outline

Securities Disclaimer

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