Question

The provisions of the Securities Act of 1933 include all of the following EXCEPT:

A) requirement that an issuer provide full and fair disclosure about an offering.
B) regulation of the secondary market.
C) regulation of offerings of new securities.
D) prohibition of fraud in the sale of new securities.

Answer 1

Answer: B) regulation of the secondary market.

Explanation: The Security Acts of 1993 helps to control new issues that arises as a result of corporate securities being sold to the public, the act was also aimed at preventing fraudulent acts in the sales of newly issues securities.

It is under the Security Exchange Act of 1993 that trading and secondary markets are regulated.