Series 53: Securities Act Of 1933

Securities Act of 1933

The Securities Act of 1933 (also called 1933 Act) has two main purposes:

1. To require that companies publicly disclose all relevant financial information about their securities prior to offering them for sale

2. To prohibit fraud and deceit in the marketing of securities

The 1933 Act is often called the “Paper Act” because its main thrust is the disclosure of material informat