The basic regulatory framework for the public trading of securities in the United States was provided by the:
A)New York Stock Exchange when it was founded.
B)Securities Exchange Act of 1934.
C)Federal Reserve Bank.
D)Securities Act of 1933 and the Securities Exchange Act of 1934.
E)Sarbanes-Oxley Act in 2002.

Question

Quizplus · Accepted Answer

The Securities Act of 1933 and the Securities Exchange Act of 1934 provide the basic regulatory framework for the public trading of securities in the United States. The Securities Act of 1933 requires companies to register securities offerings with the Securities and Exchange Commission (SEC) and provides investors with information about the securities being offered. The Securities Exchange Act of 1934 established the SEC and requires publicly traded companies to disclose financial and other information to investors and regulates the securities markets.

The Basic Regulatory Framework for the Public Trading of Securities