Securities Act of 1933 (27 mayo 1933 año – 10 h 13 m, 29 mayo 2024 año)

Descripción:

Long title An act to provide full and fair disclosure of the character of securities sold in interstate and foreign commerce and through the mails, and to prevent frauds in the sale thereof, and for other purposes.
Nicknames Securities Act
1933 Act
'33 Act
Enacted by the 73rd United States Congress
Effective May 27, 1933

The United States Congress enacted the Securities Act of 1933, also known as the 1933 Act, the Securities Act, the Truth in Securities Act, the Federal Securities Act, or the '33 Act, Title I of Pub. L. 73-22, 48 Stat. 74, codified at 15 U.S.C. § 77a et seq.), was enacted by the US Congress on May 27, 1933, during the Great Depression, after the stock market crash of 1929. Legislated pursuant to the Interstate Commerce Clause of the Constitution, it requires every offer or sale of securities that uses the means and instrumentalities of interstate commerce to be registered with the SEC pursuant to the 1933 Act, unless an exemption from registration exists under the law. The term "Means and instrumentalities of interstate commerce" is extremely broad, and it is virtually impossible to avoid the operation of the statute by attempting to offer or sell a security without using an "instrumentality" of interstate commerce. Any use of a telephone, for example, or the mails would probably be enough to subject the transaction to the statute.

https://en.wikipedia.org/wiki/Securities_Act_of_1933

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