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    The Securities Act of 1933

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    1.What are the features of the securities act of 1933?
    2.What lead to its passage?
    3. Why is it referred to as the "truth-in securities" act?

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    According to many sources:

    The Securities Act of 1933 refers to a federal piece of legislation enacted as a result of the market crash of 1929. The legislation had two main goals: (1) to ensure more transparency in financial statements so investors can make informed decisions about investments, and (2) to establish laws against misrepresentation and fraudulent activities in ...

    Solution Summary

    This solution discusses the features of the securities act of 1933, what lead to its passage and why it is referred to as the "truth in securities" act.