Securities Exchange Act of 1934


Also found in: Dictionary, Legal, Encyclopedia, Wikipedia.
Related to Securities Exchange Act of 1934: Securities Act of 1933

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 ?
This announcement contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.
This release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including without limitation performance and financial targets for 2005.
alleges violations by both Exide and Deutsche Bank Securities of the Securities Exchange Act of 1934, common law fraud, negligent misrepresentation, breach of fiduciary duty, negligence and unjust enrichment associated with the sale by Exide of $290 million principal amount of 10.
This news release may contain forward-looking statements within the meaning of section 21E of the Securities Exchange Act of 1934, as amended, that reflect Ligand's judgment and involve risks and uncertainties as of the date of this release.
Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.
This press release contains statements that may constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.
The Amendment sets forth certain conditions under which the Trust may remain outstanding following the termination of reporting obligations under the Securities Exchange Act of 1934 of Sears Roebuck Acceptance Corp.
The Company, without admitting or denying any wrongdoing, offered to consent to the entry of an order with respect to violations of Sections 13(a) and 13(b)(2)(A)-(B) of the Securities Exchange Act of 1934, as amended, and Rules 12b-20, 13a-1, 13a-11 and 13a-13 promulgated thereunder.
puraDYN Filter Technologies Incorporated (AMEX:PFT) announced today that the Company has submitted to the American Stock Exchange notice of its intent to withdraw from listing its common stock, and has filed an application for delisting with the Securities and Exchange Commission (SEC) pursuant to Section 12(d) of the Securities Exchange Act of 1934.

Full browser ?