Securities Act of 1933 Law and Legal Definition
Securities Act Of 1933 is a federal piece of legislation enacted as a result of the market crash of 1929. It is a federal law governing mainly the issuance, registration, and distribution of securities by the issuer.
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 the securities markets.
