The Securities Exchange Act of 1934 applies to all cases involving the trading of securities, except in private transactions.

Name: The Securities Exchange Act of 1934 applies to all cases involving the trading of securities, except in private transactions.
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Question

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The Securities Exchange Act of 1934 primarily governs the trading of securities in secondary markets, but it does not apply to all cases, such as certain private transactions which are exempt from its provisions.

The Securities Exchange Act of 1934 Applies to All Cases