161k views
2 votes
The securities act of 1933 focuses on _______ transactions.

User RobSiklos
by
5.5k points

1 Answer

4 votes

Answer:

Ex1. requires registration of new issues with the SEC before sale to the public

2. calls for full and fair disclosure

3. requires the delivery of a prospectus for the sale of new issues

4. prohibits fraud in the sale of new issues

-the prospectus DOES NOT include opinions of counsel and underwriting contracts

- the act does not authorize or mandate that the SEC determine which securities may or may not be publicly tradedplanation:

User Distro
by
5.4k points