Flashcards in Ch 19 Class Notes Deck (7):
Created when someone takes some money and places it in
Someone else's hand to generate return
Prior to what year was there no regulation on securities?
What are both the Securities Act of 1933 and the Securities and Exchange Act of 1934 designed for?
To provide full disclosure
Securities Act of 1933
Regulates security disclosure
SEC monitors and regulates to allow security to be sold to
Securities and Exchange Act of 1934
Regulates traders and mutual funds
Regulates insider trading
Penalties imposed by securities laws
Both civil and criminal (depends on intent)