How do you cite the Securities Act of 1933? (2024)

How do you cite the Securities Act of 1933?

This subchapter may be cited as the “Securities Act of 1933”. (May 27, 1933, ch. 38, title I, § 1, 48 Stat.

How do you cite the US Securities Act 1933?

Securities Act of 1933, 15 U.S.C. §§ 77a-77aa (2018). When citing to an individual section or sections of the United States Code, but not the entire act, you drop the name of the act and include only the title number, the abbreviated name of the code, and the section number(s).

What is the title of the Securities Act of 1933?

Often referred to as the "truth in securities" law, the Securities Act of 1933 has two basic objectives: require that investors receive financial and other significant information concerning securities being offered for public sale; and. prohibit deceit, misrepresentations, and other fraud in the sale of securities.

What is the Securities Act of 1933 in accounting?

The Securities Act of 1933 (as amended, the “Securities Act”) was passed to ensure that investors have financial and other important information about securities that are being sold publicly. It also bans the use of fraud, deceit, and misrepresentation in the sales of securities.

What is the security Definition Act 1933?

AN ACT To provide full and fair disclosure of the character of securities sold in interstate and foreign commerce and through the mails, and to prevent frauds in the sale thereof, and for other purposes.

How do you cite the Securities Act of 1934?

This chapter may be cited as the “Securities Exchange Act of 1934.” (June 6, 1934, ch. 404, title I, § 1, 48 Stat. 881.)

Who made the Securities Act of 1933?

After a series of hearings that brought to light the severity of the abuses leading to the crash of 1929, Congress enacted the Securities Act of 1933 (the "Securities Act"), and the Securities Exchange Act of 1934 (the "Exchange Act").

What is the difference between the Securities Act of 1933 and 1934?

What is the difference between the 1933 Securities Act and the 1934 Securities Act? The key difference is that the SEC Act of 1933 focuses on guidance for newly issued securities while the SEC Act of 1934 provides guidance for actively traded securities.

When was the Securities Act of 1933 created?

The law is also referred to as the Truth in Securities Act, the Federal Securities Act, or the 1933 Act. It was enacted on May 27, 1933 during the Great Depression.

What is Section 4 of the Securities Act of 1933?

Section 4(a)(2) of the Securities Act of 1933 (the “Act”) exempts from registration "transactions by an issuer not involving any public offering." It is section 4(a)(2) that permits an issuer to sell securities in a "private placement" without registration under the Act.

What is Section 12 of the Securities Act of 1933?

Section 12(2) of the Securities Act of 1933 provides a securities purchaser with an express cause of action against his seller if the purchaser can establish that the seller used interstate commerce or the mails to offer or sell a security by means of a written or oral communication which misstated or omitted to state ...

What is Section 11 of the Securities Act of 1933?

Section 11 of the Securities Act of 1933, as amended (the “1933 Act”), affords investors the primary remedy for misstatements and omissions in registration statements filed with the Securities and Exchange Commission (the “SEC”).

What is Section 18 of the Securities Act of 1933?

More specifically, Section 18(a) of the Securities Act provides that “no law, rule, regulation, or order, or other administrative action of any State * * * requiring, or with respect to, registration or qualification of securities * * * shall directly or indirectly apply to a security that—(A) is a covered security.” ...

How do you cite the Social Security Act in APA?

APA citation style:

U.S. Congress. (1940) United States Code: Social Security Act, 42 U.S.C. §§ 301- 1940 . [Periodical] Retrieved from the Library of Congress, https://www.loc.gov/item/uscode1940-003042007/.

How do you cite a SEC article?

Annual Report or SEC Filing (10-K) from the SEC Edgar Database: "Title of SEC Filing or Annual Report." Name of Website. Publisher, Date of Publication, URL, DOI, or permalink.

How do you cite a treasury regulation in APA?

What is Section 24 of the Securities Act of 1933?

Section 24 of the Securities Act of 1933 provides for fines not to exceed $10,000 and a prison term not to exceed five years, or both, for willful violations of any provisions of the act.

Who did the Securities Act of 1933 benefit?

The crash led to Congress to passing the Securities Act of 1933 and the Securities Exchange Act of 1934. The SEC "was designed to restore investor confidence in our capital markets by providing investors and the markets with more reliable information and clear rules of honest dealing."

What is the difference between the Securities Act of 1933 and the investment Company Act of 1940?

The 1940 Act was enacted to regulate investment companies, while the 1933 Act was designed to protect investors by requiring companies to disclose certain information about securities they offer for sale.

Is the SEC still around today?

Today the SEC brings numerous civil enforcement actions against firms and individuals that violate securities laws every year. It is involved in every major case of financial misconduct, either directly or in conjunction with the Justice Department.

What are sections 17 A of the Securities Act of 1933?

Section 17(a) makes it unlawful to "employ any device, scheme, or artifice to defraud", "obtain money or property" by using material misstatements or omissions, or to "engage in any transaction, practice, or course of business which operates or would operate as a fraud or deceit upon the purchaser." This provision is ...

What are the 5 exempt transactions under the Securities Act of 1933?

Exempt transactions are securities transactions that are exempt from the registration requirements of the 1933 Securities Act. Four typical examples of transaction exemptions in the United States include 1) Regulation A Offerings, 2) Regulation D Offerings, 3) Intrastate Offerings, and 4) Rule 144 Offerings.

What is Section 3 A 9 of the Securities Act of 1933?

Section 3(a)(9) exempts any securities exchange by the issuer with its security holders. This means that the new securities being issued and the securities that are being surrendered must be from the same issuer. The “same issuer” can at times be a successor issuer.

What is Section 10 A )( 3 of the Securities Act of 1933?

Section 10(a)(3) requires that, “when a prospectus is used more than nine months after the effective date of the registration statement, the information contained therein shall be as of a date not more than 16 months prior to such use.” Section 2(a)(8) defines the term “registration statement” to include the original ...

What is Section 11 and 12 of the Securities Act of 1933?

To ensure that information contained in a registration statement is complete and accurate, the Securities Act created two private rights of action: under Section 11, where a plaintiff can bring an action for misstatements or omissions in a registration statement, and under Section 12, where a plaintiff can bring claims ...