Securities must be registered under the Securities Act of 1933 for the Securities Exchange Act of 1934 to apply.

Question

Quizplus · Accepted Answer

The Securities Exchange Act of 1934 primarily governs the trading, buying, and selling of securities already issued and does not require that securities be registered under the Securities Act of 1933 for its provisions to apply. The 1933 Act is mainly concerned with the initial registration and offering of securities.

Securities Must Be Registered Under the Securities Act of 1933