Question

true or false: the securities exchange act of 1934 was established to administer the provisions of the 1933 act. it also extended the disclosure principle of the 1933 act by requiring periodic disclosure of relevant financial information by firms with already-issued securities on secondary exchanges.

Answer 1

True. The Securities Exchange Act of 1934 was established to administer the provisions of the Securities Act of 1933, and it also extended the disclosure principle of the 1933 Act by requiring periodic disclosure of relevant financial information by firms with already-issued securities on secondary exchanges. The 1934 Act created the Securities and Exchange Commission (SEC) to oversee and regulate the securities industry, and it set forth regulations for securities trading, registration, and reporting requirements.