Securities Act of 1933

(redirected from Federal Securities Act)

Securities Act of 1933

First law designed to regulate securities markets, requiring registration of securities and disclosure.

Securities Act of 1933

Legislation in the United States that formed the first major federal regulation of the securities trade. Among other provisions, it requires companies traded under interstate commerce to register with the federal government and disclose their financial statements and other activities. Before 1934, registration and disclosure were made with the Federal Trade Commission but, following the creation of the Securities & Exchange Commission, this changed. See also: New Deal.

Securities Act of 1933

A landmark securities law intended to improve the flow of information to potential investors in new security issues and to prohibit certain selling practices relating to those issues. Issuing firms are required to register their securities with the federal government, and investment bankers must provide investors with a prospectus. Secondary issues, private offerings, and certain small issues are usually exempted from requirements of the Act.
References in periodicals archive ?
It provides an overview of the basics of securities law, with a large portion of the book on the federal Securities Act of 1933 and the Securities Exchange Act of 1934, and with emphasis on the regulation of securities markets as it applies to issuers of securities and to most investors.
8) By the time Congress passed the federal Securities Act of 1933 (the 1933 Act), forty-seven of the forty-eight states as well as the then-territory of Hawaii had adopted blue sky laws.
Following the introduction, chapters cover the basic mechanics of the acquisition process; successorship to assets and liabilities; acquisition documents; the legal duties of boards of directors, senior executives, and controlling shareholders; the disclosure requirements of the Federal Securities Act and state law, accounting and tax issues; protecting consumer interests; and issues in international acquisitions.
According to court documents, Wachovia contests NCUA's claim that the MBS offering documents contained "untrue statements of material fact or omitted to state material facts" in violation of the federal Securities Act of 1933 and the Kansas Uniform Securities Act.
The safe harbor rule is based on Section 3(a)(8) of the federal Securities Act, which provides exemption from regulation under the federal Securities Act "any insurance or endowment policy or annuity Contract or optional contract issued by a corporation subject to supervision of the appropriate insurance regulatory of any state.
Expand liability for a "control person" in a securities case (follows the federal Securities Act of 1933).
Bruce Bokony, chief counsel for the Arkansas Department of Securities, produced a 1996 amendment to the federal securities act that specifically removed shares issued as part of a legal settlement from the list of covered securities that are automatically exempt from state regulation.
The definition of "security," in the federal Securities Act of 1933, includes not just stock in corporations, but membership interests in limited liability companies and limited partnerships.
The Federal Securities Act was passed requiring registration and approval of all issues of stocks and bonds.
This new Board of Directors action will change IJJ Corporation reporting status from OTC Current Information to OTCQB bringing the company in compliance with Federal Securities Act of 1933.
These securities have not been registered under the federal Securities Act of 1933 and unless so registered may not be offered or sold absent registration or an applicable exemption from the registration requirements of the Securities Act.
The securities offered have not been registered under the Federal Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

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