The Securities act of 1933
A) Regulates the trading of securities of publicly held companies.
B) Regulates the initial public sale and distribution of a corporation's securities.
C) Addresses the personal duties of corporate officers.
D) Specifies information that is to be contained in a company's annual report.

Question

Quizplus · Accepted Answer

The Securities Act of 1933 regulates the initial public sale and distribution of a corporation's securities. It requires companies to file a registration statement with the Securities and Exchange Commission (SEC) before they can sell their securities to the public. The registration statement must include information about the company, its business, its securities, and the risks involved in investing in the company. The goal of the act is to ensure that investors have access to all necessary information to make informed investment decisions.