Summarize what these 3 security regulations are:
SEC Act of 1933
SEC Act of 1934
Investment Company Act of 1940
What are they and why are they important to know about and understand?© BrainMass Inc. brainmass.com February 24, 2021, 2:27 pm ad1c9bdddf
1.. Under the Securities Act of 1933, a company that offers or sells its securities must register the securities with the SEC or find an exemption from the registration requirements. The Act provides companies with a number of exemptions. For some of the exemptions, such as rules 505 and 506 of Regulation D, a company may sell its securities to what are known as "accredited investors."
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 it is ...
The expert summarizes the security regulations for SEC Act.