Final answer:
The Securities Exchange Act of 1934 is relevant for an investor looking to file suit over losses from the purchase of a corporate bond on the New York Stock Exchange. The Act of 1933 relates to initial offerings, while the 1934 Act regulates ongoing trading.
Step-by-step explanation:
The Securities Act of 1933 and the Securities Exchange Act of 1934 are federal laws enacted to protect investors. The Securities Act of 1933, often referred to as the 'truth in securities' law, requires that investors receive financial and other significant information concerning securities being offered for public sale. On the other hand, the Securities Exchange Act of 1934 governs the trading, purchase, and sale of securities, including those traded on exchanges such as the New York Stock Exchange.
For the situation described, where an investor purchases a corporate bond from another investor on the New York Stock Exchange and seeks to file suit to cover losses, the relevant law would be the Securities Exchange Act of 1934 (B), as it regulates transactions involving securities sold on stock exchanges. Common law would have a role only if there were issues uncovered that are not specifically addressed by the federal securities laws.