The Securities Exchange Act of 1934

Question

Quizplus · Accepted Answer

The Securities Exchange Act of 1934 primarily regulates trading of securities subsequent to issuance. It sets rules and regulations for the trading, reporting, and disclosure of securities, and creates the Securities and Exchange Commission to enforce these rules. It does not establish a voluntary disclosure mechanism for issuers of publicly traded securities or relate primarily to initial sales of securities to the public. While it does not regulate all sales of securities, it does require publicly traded companies to periodically file reports with the SEC, making information about their financial performance and operations available to the public.