The federal laws, regulations, and exemptions governing the primary market are found in the Securities Act of __________.

Question

Quizplus · Accepted Answer

The Securities Act of 1933 is the correct answer because it was enacted to govern the primary market, which involves the issuance of new securities. This act requires companies to provide financial and other significant information to investors before issuing new securities, aiming to prevent fraud and deceit in the sale of securities.

The Federal Laws, Regulations, and Exemptions Governing the Primary Market