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.

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

Objective of Securities Exchange Act of 1934 is to introduce national disclosure requirements for securities issuers

Objective of Securities Exchange Act of 1934 is to prevent fraud in the secondary securities market

Objective of Securities Act of 1933 is to introduce national disclosure requirements for companies selling securities (in primary market)

Objective of Securities Act of 1933 is to provide investors financial and other significant information concerning securities being offered for public sale (primary market)

Objective of Securities Act of 1933 is to prohibit deceit, misrepresentation, and other fraud in the sale of securities (in primary market)

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