Securities Exchange Act of 1934

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Securities Exchange Act of 1934

Legislation that created the SEC, outlawing dishonest practices in the trading of securities.

Securities Exchange Act of 1934

Legislation in the United States that regulated broker-dealers and secondary trades on American stock exchanges. This Act also created the Securities and Exchange Commission to help it accomplish its goals. The act prohibited certain trades that would unfairly or dangerously manipulate prices. For example, the Act forbids churning, in which an investor makes both buy and sell orders through different brokers to create the impression of increased interest in the security and to raise the price. It was one of the most important regulatory laws that came out of the New Deal.

Securities Exchange Act of 1934

Landmark legislation that established the SEC and that gives it authority over proxy solicitation and registration of organized exchanges. In addition, the Act sets disclosure requirements for securities in the secondary market, regulates insider trading, and gives the Federal Reserve authority over credit purchases of securities. When established, the Act reflected an effort to extend and overcome shortcomings of the Securities Act of 1933. These two pieces of legislation are the basis of securities regulation in the twentieth century. See also Foreign Corrupt Practices Act, Williams Act.
References in periodicals archive ?
Statements contained in this release that are not historical fact may be forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act").
The Trust Wind Up Event and requirement for termination of the Trust arose after BellSouth Corporation (successor by merger to BellSouth Capital Funding Corporation) withdrew from listing on the New York Stock Exchange ("NYSE") the securities held by the Trust, which had previously given rise to reporting obligations for BellSouth Corporation under the Securities Exchange Act of 1934 (the "Exchange Act").
The Trust Wind Up Event and requirement for termination of the Trust arose after BellSouth Corporation withdrew from listing on the New York Stock Exchange ("NYSE") certain of their previously listed bonds, which had given rise to reporting obligations for BellSouth Corporation under the Securities Exchange Act of 1934 (the "Exchange Act").
Part 208, its Regulation H (Reporting and Disclosure Requirements for State Member Banks with Securities Registered Under the Securities Exchange Act of 1934).
OB) announced today that, pursuant to the provisions of the Jumpstart Business Startups Act (the "JOBS Act"), the Board of Directors of the Company voted to deregister the Company's common stock under the Securities Exchange Act of 1934 (the "Exchange Act").
today announced that it filed with the Securities and Exchange Commission a Certification and Notice of Termination of Registration under Section 12(g) of the Securities Exchange Act of 1934 on Form 15 pursuant to the Securities Exchange Act of 1934, as amended (the "Exchange Act").
BULLETIN BOARD: URSI) announced that yesterday it filed with the Securities and Exchange Commission a Certification and Notice of Termination of Registration under Section 12(g) of the Securities Exchange Act of 1934 on Form 15 pursuant to the Securities Exchange Act of 1934, as amended (the "Exchange Act").
This press release contains forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), including statements regarding potential sales, the success of the company's business, as well as statements that include the word "believe" or similar expressions.
The main purpose of the transaction is to permit the Company to deregister the common stock under the Securities Exchange Act of 1934, as amended (the "Exchange Act") and thereby avoid the expenses associated with filing reports with the Securities and Exchange Commission.
The Trust Wind Up Event and requirement for termination of the Trust arose after AT&T Mobility LLC, the guarantor of the securities held by the Trust withdrew from listing on the New York Stock Exchange ("NYSE") certain of its previously listed bonds which had given rise to reporting obligations for AT&T Mobility LLC under the Securities Exchange Act of 1934 (the "Exchange Act").
In conjunction with the Reverse/Forward Stock Split, the Company also filed, today, a Form 15 with the SEC to deregister its common stock under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), thereby effecting the going private transaction.