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 ?
The purported claim, made against the firm and particular serving and former employee, alleged that the company had made "misleading" financial communications between 2007 and 2011 that allegedly violated the US Securities Exchange Act 1934.
This Press Release contains forward looking statements within the meaning of Section 27A of the Securities Act 1933, as amended, and Section 21E of the Securities Exchange Act 1934, as amended.
Says linkedFA Founder and President, Jason Bishara: "We are very confident in our technology, in particular, our unique compliance feature which stores all communication and documentation within the FA's linkedFA network including linkedFA messages, blogs, IMs, documents and videos as per the per the Securities Exchange Act 1934 rules under 17a-3.
A key element of linkedFA's offering to the financial community is its unique compliance feature which stores all linkedFA communication and documentation between FAs, peers and investors, for six years as per the Securities Exchange Act 1934 rules under 17a-3.
Nasdaq Marketplace Rule 4320(e)(12) requires the Company to make on a timely basis all filings with the Securities and Exchange Commission, as required by the Securities Exchange Act 1934, as amended.
linkedFA offers all the social media and client relationship building benefits of Facebook and Linkedin with a unique document retention feature which stores all communication between financial professionals and investors relating to business for a minimum of six years as per the Securities Exchange Act 1934 rules under 17a-3.
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act 1934.
linkedFA complies with document retention rules under 17a-3 and 17a-4 of the Securities Exchange Act 1934.
Statements about the company's future expectations, including future revenues and earnings, and all other statements in this press release other than historical facts are "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act 1934, and as the term is defined in the Private Litigation Reform Act of 1995.
Although the odd-lot program is part of SETO's on-going repurchase program, in the event this odd-lot program reduces the number of SETO's registered stockholders to less than 300, SETO may deregister its common stock and suspend its reporting obligation under the Securities Exchange Act 1934, which would result among other things, in SETO's common stock being delisted from the Bulletin Board and only being quoted on the Pink Sheets, which is a centralized quotation service that collects and publishes market maker quotations in real time.

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