The Securities Act of 1934 has the primary objective of regulating which of the following?
A)Trading of securities after their initial issuance.
B)Initial issuances of securities.
C)Adherence to the Sarbanes-Oxley Act of 2002.
D)The registration of audit firms with the PCAOB.

Question

Quizplus · Accepted Answer

The Securities Act of 1934 is primarily concerned with regulating the trading of securities after they are initially issued. The Act requires companies to register their securities with the Securities and Exchange Commission (SEC) before they can be traded on national exchanges. The Act also regulates securities brokers and dealers, ensures disclosure of material information by issuers, and prevents insider trading and market manipulation.

The Securities Act of 1934 Has the Primary Objective of Regulating