What Is Securities Act of 1933?
Federal law requiring registration and disclosure of new securities issued to the public. Its 'truth in securities' mandate requires accurate prospectuses and prohibits fraud in the sale of new offerings; relevant to advisers recommending newly issued securities.
Securities Act of 1933 across 2 exams
Securities Act of 1933 appears on the following exams. Each defines it in the context candidates are tested on:
- Series 65
- Federal law requiring registration and disclosure of new securities issued to the public. Its 'truth in securities' mandate requires accurate prospectuses and prohibits fraud in the sale of new offerings; relevant to advisers recommending newly issued securities.
- Series 79
- The federal law governing the initial issuance of securities to the public, requiring registration with the SEC and full disclosure through a prospectus.