Objectives of the 1933 Act Essay Example | Topics and Well Written Essays - 250 words

Objectives of the 1933 Act - Essay ExampleThe second objective is to prohibit, misrepresentations, deceit, and other misguiding human actionivities when selling securities to the citizens (Johnson, 76). The act says that the offered securities sold to the citizens regard to undergo registration by filing the statement of registration with SEC. The prospectus is normally files together with the statement of registration. The statement of registration contains the issuers property, securitys description, information about the issuer, and the securitys information. Assuming the statement is suspected to be incomplete, the SEC is entitled to disapprove the statement. When any of the material is missing, SEC is allowed to fend off the registration. The agency tends to provide letters of deficiency after the registration documents are reviews (The Securities Act Of 1933). The SEC uses the technique to suggest or require changes of additional information. Additionally, the act has some e xemptions which tend to exempt all secondary trading that involve the sold and bought