Final answer:
Securities regulatory statutes are focused on market regulation, investor protection, and promoting capital formulation, not directly concerned with tort actions. They set disclosure standards for publicly traded securities and are enforced by agencies like the SEC. Both state and federal courts handle related legal matters in civil and criminal law.
Step-by-step explanation:
Securities regulatory statutes are primarily concerned with the regulation of the securities market, which includes oversight of transactions involving stocks, bonds, and other financial instruments. The Federal Securities Act, established on May 27, played a crucial role in setting legal standards for the disclosure of information related to publicly traded securities. This act, in conjunction with other legislation, led to the creation of the Securities and Exchange Commission (SEC), an agency responsible for regulating the investment industry and ensuring fair and orderly functioning of the securities markets.
Contrary to concerns with tort actions which involve civil suits for wrongdoings, securities regulation is focused on the integrity of markets, protecting investors, and promoting capital formation. It is less about individual disputes and more about systemic oversight. As for the courts, both state and federal courts hear matters that involve both civil and criminal law, therefore involving a wide spectrum of legal concerns, including those related to securities law.