The securities act of 1933 I) requires full disclosure of relevant information relating to the issue of new securities.
II. requires registration of new securities.
III. requires issuance of a prospectus detailing financial prospects of the firm.
IV. established the SEC.
V. requires periodic disclosure of relevant financial information.
VI. empowers SEC to regulate exchanges, OTC trading, brokers, and dealers.
A) I, II, and III
B) I, II, III, IV, V, and VI
C) I, II, and V
D) I, II, and IV
E) IV only

Question

Quizplus · Accepted Answer

The Securities Act of 1933 primarily focuses on the initial issuance of securities, requiring full disclosure (I), registration of new securities (II), and the issuance of a prospectus (III). The establishment of the SEC and the regulation of exchanges and periodic disclosures are covered by the Securities Exchange Act of 1934, not the Securities Act of 1933.

The Securities Act of 1933 I) Requires Full Disclosure of Relevant