The Securities Act of 1933 covers the sale of securities (stock, bonds, and other forms of investments) in the:
A) primary market.
B) secondary market.
C) consumer market.
D) labor market.

Question

Quizplus · Accepted Answer

The Securities Act of 1933 regulates the sale of securities in the primary market, where new securities are issued and sold to the public for the first time, such as through initial public offerings (IPOs). The secondary market, where previously issued securities are bought and sold among investors, is regulated by other laws like the Securities Exchange Act of 1934. The consumer market and labor market are not related to the sale of securities.

The Securities Act of 1933 Covers the Sale of Securities