Securities Exchange Act of 1934

The Securities Exchange Act of 1934 and its accompanying rules were enacted to protect investors in connection with the trading of securities already issued and outstanding.

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Additional Information

The most important components of the Act are Section 10(b) and Securities and Exchange Commission Rule 10b-5, which prohibits manipulative or deceptive acts in connection with the purchase or sale of a security. Corporate directors and officers are frequently the targets of lawsuits brought under these antifraud provisions.


Related Terms

The Securities Act of 1933 ensures the availability of complete and reliable information about...