Securities Exchange Act 1934

The Securities deputize Act of 1934 JFM GM520 - Legal Political & honorable Dimensions of Business April, 12 2010 The Securities Exchange Act of 1934 was passed by congress to substantiate the governments control of the pecuniary commercialises. It was preceded by the Securities Exchange Act of 1933 which was enacted during the Great Depression in hopes that the stock market crash of 1929 would not be repeated. The basic difference amidst the two acts was that the 1933 Act was to govern the original sales of securities by requiring that the issuers, the companies offering the securities, offer up sufficient information intimately themselves and the securities so that the potential buyers could make informed decisions. The 1934 Act was aimed at the secondary market where buyers dont buy from the issuer nevertheless instead from other investors (Security, 2010). The 1934 Act also required much disclosures from issuers and was enacted to prevent unfair practices at the various exchanges as tumesce as giving the authority of the exchange to the Securities and Exchange citizens committee which was one of the many administrative agencies set up by the New Deal ideology of Franklin D Roosevelt (Securities, 2003).

A major part of 1934 Act is that it required any issuer with over $10 million in assets and 500 or more shareholders to commemorate its stock with the SEC. With this registration came additional required filings such as the 10-Q form, a quarterly financial report, 10-K form, a yearly financial report, as well as an 8-K form used for reportage unusual events, an example of which would be a merger or takeover (Jennings 742). The 1934 Act seems to be an ever changing enrolment as it has been amended by Congress many measure through the years. It is due to the need to remedy any sensitive issues that arise whether through technology or new security measure devices. This paper will focus on two unique(predicate) sections of the 1934 Act. The first area that I will focus on is Section 10(b) with Rule 10b-5... If you want to get a bountiful essay, order it on our website: Orderessay

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