The Securities Act of 1933 enhances annual financial disclosures for public companies and placed more emphasis on corporate responsibility.

Question

Quizplus · Accepted Answer

The Securities Act of 1933 primarily focused on requiring companies to provide financial statements and other significant information when issuing new securities, aiming to ensure transparency and protect investors from fraud in the initial sale of securities. The emphasis on annual financial disclosures and corporate responsibility is more closely associated with the Securities Exchange Act of 1934.

The Securities Act of 1933 Enhances Annual Financial Disclosures for Public