The Securities Act of 1933 is a federal law that regulates the offer and sale of securities, such as stocks and bonds, in the United States. It is the primary law governing the registration of securities and the issuance of public offerings. The Act requires companies to provide investors with full disclosure of material
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The Securities Act of 1933, also known as the 1933 Act, the Securities Act, the Truth in Securities Act, the Federal Securities Act, and the '33 Act, was enacted by the United States Congress on May 27, 1933, during the Great Depression and after the stock market crash of 1929. It is an integral part of United States securities regulation. It is legislated pursuant to the Interstate Commerce Clause of the Constitution.