The first federal statute for the regulation of securities offered for sale and sold through interstate commerce was passed in:
A) 1916.
B) 1933.
C) 1954.
D) 1934.

Question

Quizplus · Accepted Answer

The first federal statute for the regulation of securities offered for sale and sold through interstate commerce was the Securities Act of 1933. This act was designed to ensure more transparency in financial statements so investors could make informed decisions about investments, and to establish laws against misrepresentation and fraudulent activities in the securities markets.

The First Federal Statute for the Regulation of Securities Offered