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Securities Act of 1933, as amended (Securities Act)
Practical Law Glossary Item 1-382-3805 (Approx. 3 pages)
Glossary
Securities Act of 1933, as amended (Securities Act)
Also known as Securities Act and '33 Act. The federal statute regulating the offer and sale of securities.
Key provisions of the Securities Act include:
- Prohibition of the offer or sale of a security, except certain exempt securities or in certain exempt transactions, unless the security has been registered with the Securities and Exchange Commission (SEC).
- Prospectus delivery requirements.
- Anti-fraud provisions prohibiting false representations and disclosures.
Enforcement responsibilities were assigned to the SEC by the Exchange Act.
For more information on the federal securities laws, see Practice Note, US Securities Laws: Overview.