The text of the Securities Exchange Act of 1934 may be accessed on the Internet, using the following address:
a. Use the Internet to access the text of Securities Exchange Act of 1934.
b. Read and summarize the internal control requirements of Section 13(b) (2) of the act.
SECURITIES EXCHANGE ACT OF 1934
SECTION 13 (b) (2) says:
www.law.uc.edu/CCL/34Act/index.html" make and keep books, records, and accounts, which, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the issuer;
devise and maintain a system of internal accounting controls sufficient to provide reasonable assurances that--
transactions are executed in accordance with management's general or specific ...
This answer provides you an excellent discussion on Securities Exchange Act
What regulatory bodies are US securities subjected to? How are investors protected by these regulatory bodies and laws?
Securities such as equities, debt and other investment issues are subject to the scrutiny of many Regulatory bodies and Laws. These affect investment instruments from there initial issue and through the life of the instrument right through when they are terminated via an acquisition or bankruptcy.
The problem is that these regulatory bodies comprise both governmental and trade organizations. In addition their roles and responsibilities vary.
This solution is a comprehensive overview of these regulations and laws. It permits the student to quickly obtain both an awareness of and and an understanding of these laws and regulations.View Full Posting Details