The Securities Act of 1933 regulates the subsequent public trading of securities through brokers and markets. C. The Securities Exchange Act of 1934 is commonly referred to as blue sky legislation. D. The Securities Act of 1933 regulates the initial offering of securities by a company. Click card to see definition 👆.
D - A is false because intrastate offerings are typically exempt from registration; B is false because the 1934 Securities Act regulates post-issuance trading of securities; and C is false because blue sky legislation is state law. Click again to see term 👆. Tap again to see term 👆.
A - Recall that the letter of comments / deficiency letter relat es to the SEC's response subsequent to an issuer's filing of a Registration Statement.