The Securities Exchange Act of 1934

The video explains the Securities Exchange Act of 1934, which regulates the trading of securities after their initial issuance, unlike the 1933 Act that focuses on initial issuances. It covers issuers, brokers, dealers, and requires periodic disclosures. The 34 Act established the SEC and mandates routine and special filings for material events. It includes rules against insider trading and sets regulations for securities exchanges.

What is the primary focus of the Securities Exchange Act of 1934?

• Initial issuance of securities

• International trade of securities

• Subsequent sale and trade of securities

• Taxation of securities

Which organization was created by the Securities Exchange Act of 1934?

• Federal Reserve

• International Monetary Fund

• World Trade Organization

• Securities and Exchange Commission

What type of filings are required by the SEC under the 1934 Act?

• Only annual filings

• Routine, quarterly, and annual filings

• Monthly and bi-annual filings

• Daily and weekly filings

Which activity is prohibited under the disclosure rules of the 1934 Act?

• Buying securities

• Insider trading

• Selling securities

• Public trading of securities

What is the overall purpose of the 1934 Act in the context of securities?

• To oversee international securities trade

• To regulate the initial issuance of securities

• To manage the taxation of securities

• To govern the sale and exchange of securities in large markets