Both the Securities Act of 1933 and the Securities Exchange Act of 1934 contain antifraud provisions.

Question

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The Securities Act of 1933 primarily addresses the issuance of securities by companies, aiming to ensure transparency and prevent fraud in the initial sale of securities to the public. The Securities Exchange Act of 1934, on the other hand, regulates the secondary trading of those securities, establishing rules for transactions, brokers, and exchanges to prevent fraudulent practices. Both acts contain specific provisions aimed at preventing fraud in the securities market.