Objective of Securities Exchange Act of 1934 is to oversee secondary market participants

  • Claim


Name

Objective of Securities Exchange Act of 1934 is to oversee secondary market participants

Types

Claim

Quotes that support the claim

SEC's Regulatory Responsibilities The SEC is also responsible for registering and establishing rules regulating the conduct of market participants, stock exchanges, and self-regulatory organizations (SROs). Under the Exchange Act, the SEC can sanction, fine, or otherwise discipline market participants who violate federal securities laws. The SEC can also issue rules pursuant to specific statutory provisions, to help effectuate those provisions. Under the Exchange Act, market participants are subject to direct SEC regulation.
The Securities Exchange Act of 1933 regulates newly issued securities, such as those being sold through an initial public offering. The Securities Exchange Act of 1934 regulates securities that are already being actively traded on the secondary market.

Sources

Securities Exchange Act of 1934
What Is the Securities Exchange Act of 1934? Reach and History

Supporting arguments

Securities Exchange Act of 1934 impose requirements to securities in the secondary market

Topics

Objectives of Securities Exchange Act of 1934