The most important law governing the sale of new securities is

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The Securities Act of 1933 is the most important law governing the sale of new securities. It requires companies to register with the SEC before issuing new securities to the public and to provide investors with accurate and complete information about the offering. The Glass-Steagall Act regulated the banking industry, while the Securities and Exchange Commission Act of 1934 created the SEC to regulate the securities industry. However, neither of these laws specifically govern the sale of new securities.

The Most Important Law Governing the Sale of New Securities