Final answer:
The Federal Securities Act does not exclusively deal with mortgage ethics and disclosure of information but instead focuses on the legal standards for disclosing information pertinent to publicly traded securities and the regulation of the investment industry.
Step-by-step explanation:
The act that does not deal with exclusively mortgage ethics and disclosure of information is the Federal Securities Act. This act was established to set legal standards for the disclosure of information relevant to publicly traded securities, such as stocks and bonds. It led to the creation of the Securities and Exchange Commission (SEC), which regulates and supervises the sale of securities and the brokers, dealers, and bankers who sell them.
Other acts, such as the Fair Credit Reporting Act of 1970 and the Privacy Act of 1974, protect personal financial information and prevent unauthorized disclosure of such information. The Financial Services Modernization Act of 1999 focuses on financial institutions' obligation to protect customer privacy. None of these acts are specifically aimed at mortgage ethics or disclosure, although they do impact the broader financial services industry.