The Securities Act of 1934 I) requires full disclosure of relevant information relating to the issue of new securities.
II. requires registration of new securities.
III. requires issuance of a prospectus detailing financial prospects of the firm.
IV. established the SEC.
V. requires periodic disclosure of relevant financial information.
VI. empowers SEC to regulate exchanges, OTC trading, brokers, and dealers.
A) I, II, and III
B) I, II, III, IV, V, and VI
C) I, II, and V
D) I, II, and IV
E) IV, V, and VI

Question

Quizplus · Accepted Answer

The Securities Act of 1934 primarily established the SEC (Securities and Exchange Commission), requires periodic disclosure of relevant financial information by companies, and empowers the SEC to regulate exchanges, over-the-counter (OTC) trading, brokers, and dealers. The requirements for full disclosure of relevant information relating to the issue of new securities, registration of new securities, and issuance of a prospectus are mandates of the Securities Act of 1933, not the 1934 Act.

The Securities Act of 1934 I) Requires Full Disclosure of Relevant