The Securities Litigation Reform Act of 1995 repeals the 1934 Securities Act, replacing it with a statute that takes into account the use of computers and electronics in securities markets.

Question

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The Securities Litigation Reform Act of 1995 did not repeal the 1934 Securities Act. Instead, it amended various provisions of the act to create new requirements for securities lawsuits and to make it more difficult to file frivolous lawsuits. The act did not directly address the use of computers and electronics in securities markets.

The Securities Litigation Reform Act of 1995 Repeals the 1934