Securities Act of 1933: The Securities Act of 1933 is a federal law that regulates the offer and sale of securities in the United States, requiring companies to disclose material information about the securities they are selling.
Securities Exchange Act of 1934: The Securities Exchange Act of 1934 is a federal law that regulates the secondary trading of securities, such as stocks and bonds, and establishes the SEC as the primary regulator of the securities industry.
Disclosure Requirements: Disclosure requirements are the rules and regulations set forth by the SEC that mandate public companies to provide detailed information about their financial condition, operations, and other material facts to investors and the general public.