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 ?
Repeal of sections 7 and 8(a) of the Securities and Exchange Act of 1934 would leave federal oversight of securities credit extensions by broker-dealers to securities regulators, including self-regulatory organizations (SROs).
The approved filing, in conjunction with a supplemental 211 Information Disclosure Statement that will be filed in January of 2007 will, once completed and approved, enable the Company to move from "unsolicited" Pink Sheet listing status to "Fully Compliant" listing Status pursuant to Rule 15C2-11 of the SEC Securities and Exchange Act of 1934.
This press release may include statements that may constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, including statements with regard to the offer to amend options, the outcome of the offer, and the implementation of the proposed Investment Advisory and Management Agreement with Gladstone Management Corporation and the Administration Agreement with Gladstone Administration, LLC.
This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities and Exchange Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby.
As a result of the reverse stock split, Sterling will be the Company's sole stockholder of record, permitting the Company to terminate the registration of its common stock under Section 12(g) of the Securities Exchange Act of 1934, and suspend its duty to file reports under Sections 13 and 15(d) of the Securities and Exchange Act of 1934.
00, under the Securities and Exchange Act of 1934, as amended (the "1934 Act").
The Corporation also announced today that it filed Form 15 with the Securities and Exchange Commission ("SEC"), a Certification and Notice of Termination of Registration Under Section 12(g) of the Securities Exchange Act of 1934 and Suspension of Duty to File Reports Under Section 13 and 15(d) of the Securities Exchange Act of 1934, pursuant to which the Corporation is seeking to terminate the registration of the Corporation's Common Stock and terminate the Company's reporting obligations under the Securities and Exchange Act of 1934 (the "Exchange Act").
Securities and Exchange Commission under the Securities and Exchange Act of 1934, as amended.
The filing of the Form 15 will terminate registration of the Company's common stock under the Securities and Exchange Act of 1934 (the "1934 Act").
The Form 15 was filed with the SEC in order to terminate registration of the Company's common stock under the Securities and Exchange Act of 1934 (the "1934 Act").
THIS NEWS RELEASE MAY INCLUDE FORWARD-LOOKING STATEMENTS WITHIN THE MEANING OF SECTION 27A OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, AND SECTION 21E OF THE UNITED STATES SECURITIES AND EXCHANGE ACT OF 1934, AS AMENDED, WITH RESPECT TO ACHIEVING CORPORATE OBJECTIVES, DEVELOPING ADDITIONAL PROJECT INTERESTS, THE COMPANY'S ANALYSIS OF OPPORTUNITIES IN THE ACQUISITION AND DEVELOPMENT OF VARIOUS PROJECT INTERESTS AND CERTAIN OTHER MATTERS.
01 per share (the "Common Stock") and terminate the Company's reporting obligations under the Securities and Exchange Act of 1934 (the "Exchange Act").

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