The Securities Act of 1933 Has Two Basic Objectives, One

The Securities Act of 1933 has two basic objectives, one of which is to:

A) extend protection to investors trading in outstanding, issued securities.
B) grant the SEC power to impose administrative, civil penalties up to $600,000.
C) regulate disclosure requirements on publicly held corporations.
D) prohibit misrepresentation, deceit, and other fraudulent acts and unfair practices in the sale of securities generally, whether or not they are required to be registered.