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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
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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.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
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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.
The Law of Securities Regulation, 7th Edition
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.
The law of mergers and acquisitions, 4th ed
* Expand liability for a "control person" in a securities case (follows the federal Securities Act of 1933).
Reform: If you think you aren't impacted, think again
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.
Securities Commissioner reaffirms order against Golf
"If someone gives you money and you've given him anything other than your promise to pay him back," says Park Lloyd, Salt Lake securities lawyer, "you may well have sold a security." 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.
Security blanket: protect yourself from securities violations. (Of Counsel)
The Federal Securities Act was passed requiring registration and approval of all issues of stocks and bonds.
1933: Exploration and settlement; wars; government; civil rights; statistics

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