SIE: The Securities Act Of 1933

The Securities Act of 1933

The Securities Act of 1933 (also called the 1933 Act) has two main purposes: (1) to require that companies publicly disclose all relevant financial information about their securities prior to offering them for sale and (2) to prohibit fraud and deceit in the marketing of securities.

The Securities Act of 1933 is often called the Paper Act because its main thrust is the disclosure of