Chapter Eight
State and Federal Securities Acts and the Regulation of Securities Professionals
(16 questions out of 130)
Since roughly 30% of what is on the Series 65 exam is based on a handful of legislative acts that regulate the securities industry, it’s worth taking a moment to explain the origins of these pieces of landmark legislation. Understanding the origins and the authors’ intentions will clarify why you’re studying the fine print of the law.
Much of the legal and regulatory questions found on the Series 65 are based on the Securities Act of 1933, the Securities Exchange Act of 1934, the Uniform Securities Act (USA), and a few other k