The Securities Act of 1933 regulates the .
A) prices on the New York Stock Exchange
B) initial offering of securities by public corporations
C) elections of boards of directors of closely held corporations
D) interest rates on bonds

Question

Quizplus · Accepted Answer

The Securities Act of 1933 regulates the initial offering of securities by public corporations. It requires that companies selling securities to the public must disclose certain information about their business and financial operations in a registration statement filed with the Securities and Exchange Commission (SEC). This was enacted to prevent fraudulent activities in the sale of securities and to ensure that investors have access to accurate and timely information before investing.

The Securities Act of 1933 Regulates the