- "The Securities Act of 1933... was enacted by the United States Congress on May 27, 1933, during the Great Depression and after the stock market crash of 1929."
A review of the major securities laws and regulations such as the Securities Act of 1933, Securities Exchange Act of 1934, Investment Company Act of 1940 and the Investment Advisers Act of 1940.
Securities Act of 1933: An overview of the key provisions of the Securities Act of 1933 which are designed to regulate the issuance and sale of securities in the United States.
Securities Exchange Act of 1934: An overview of the key provisions of the Securities Exchange Act of 1934 which are designed to regulate securities trading and exchanges in the United States.
Securities and Exchange Commission (SEC): A discussion of the role and responsibilities of the SEC as the primary regulatory agency overseeing securities markets in the United States.
State Securities Laws: An overview of state securities laws (often called "blue sky laws") and the differences between state and federal securities regulations.
Insider Trading: An introduction to the legal concept of insider trading and the various forms of insider trading that are prohibited under securities regulations.
Securities Fraud: An overview of the various types of securities fraud, including misrepresentation, omission, and manipulation, and the legal consequences of committing securities fraud.
Public Offerings: A detailed exploration of the process of conducting a public offering, including the role of investment banks, the prospectus, and the SEC review process.
Private Placements: An overview of the legal requirements and regulations surrounding private placements of securities.
Investment Advisors Act of 1940: An exploration of the Investment Advisors Act of 1940 which governs the activities of investment advisors and requires them to register with the SEC.
Investment Company Act of 1940: A discussion of the Investment Company Act of 1940 which regulates mutual funds and other investment companies in the United States.
Equity and Debt Securities: A comparison of the different types of equity and debt securities and the regulatory implications of each.
Broker-Dealers: An overview of the regulatory requirements governing the activities of broker-dealers, including registration with the SEC and compliance with various rules and regulations.
Sarbanes-Oxley Act of 2002: A discussion of the Sarbanes-Oxley Act of 2002 which was passed in response to accounting scandals involving Enron and other major companies and imposes stricter reporting and disclosure requirements on companies.
Corporate Governance: An exploration of the concept of corporate governance and the role of securities regulations in ensuring that companies act in the best interests of their shareholders.
Securities Litigation: An overview of the legal remedies available to investors who have suffered losses as a result of securities fraud or other violations of securities regulations.
Securities Act of 1933: This law is the foundational law that governs the sale of securities in the United States. It requires companies to provide extensive disclosure of information regarding the securities that they are issuing.
Securities Exchange Act of 1934: This law requires public companies to register with the Securities and Exchange Commission (SEC). It provides for the regulation of the securities markets and imposes federal regulation on securities transactions and exchanges.
Investment Company Act of 1940: This law regulates the organization and operation of investment companies and investment advisers.
Investment Advisers Act of 1940: This law regulates investment advisers and requires them to register with the SEC.
Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010: This law was enacted in response to the global financial crisis of 2008. It provides for the regulation of the financial sector, including securities, derivatives, and credit rating agencies.
Sarbanes-Oxley Act of 2002: This law is designed to protect investors by improving corporate governance practices and enhancing financial disclosures.
Jumpstart Our Business Startups (JOBS) Act of 2012: This law was enacted to provide easier access to capital for startup companies. It exempts certain companies from various securities regulations and streamlines the process for companies to go public.
Regulation A+: This law provides a framework for smaller companies to raise capital through an initial public offering (IPO) without having to comply fully with the requirements of traditional IPOs.
Regulation Crowdfunding: This SEC regulation allows small businesses to raise capital from non-accredited investors through online platforms.
Blue Sky Laws: These are state securities laws that are designed to protect investors from fraudulent securities offerings. They require securities issuers to register their securities with the state regulators before being sold to investors.
- "Also known as the 1933 Act, the Securities Act, the Truth in Securities Act, the Federal Securities Act, and the '33 Act."
- "It is an integral part of United States securities regulation."
- "It is legislated pursuant to the Interstate Commerce Clause of the Constitution."
- "It requires every offer or sale of securities that uses the means and instrumentalities of interstate commerce to be registered with the SEC pursuant to the 1933 Act, unless an exemption from registration exists under the law."
- "The term 'means and instrumentalities of interstate commerce' is extremely broad..."
- "It is virtually impossible to avoid the operation of the statute by attempting to offer or sell a security without using an 'instrumentality' of interstate commerce."
- "Any use of a telephone, for example, or the mails would probably be enough to subject the transaction to the statute."
- "During the Great Depression and after the stock market crash of 1929."
- "It requires every offer or sale of securities... to be registered with the SEC pursuant to the 1933 Act..."
- "...unless an exemption from registration exists under the law."
- "Every offer or sale of securities that uses the means and instrumentalities of interstate commerce..."
- "During the Great Depression and after the stock market crash of 1929."
- "It is legislated pursuant to the Interstate Commerce Clause of the Constitution."
- "It is an integral part of United States securities regulation."
- "It is virtually impossible to avoid the operation of the statute by attempting to offer or sell a security without using an 'instrumentality' of interstate commerce."
- "...after the stock market crash of 1929."
- "..enacted by the United States Congress on May 27, 1933."
- "During the Great Depression..."
- "Any use of a telephone, for example, or the mails would probably be enough to subject the transaction to the statute."