The Securities Act of 1933 is a federal law that regulates the offering and sale of securities. The Act requires that issuers of securities disclose certain information to potential investors, and it prohibits certain types of fraud. The Securities Act is administered by the Securities and Exchange Commission, which is responsible for enforcing the Act’s provisions.
The Securities Act was enacted in response to the stock market crash of 1929, and it is considered to be one of the key pieces of legislation that established the modern regulatory framework for the securities industry. The Act has been amended several times over the years, but its core provisions remain largely unchanged. As a result, the Securities Act continues to play an important role in protecting investors and promoting market integrity.