What provisions are provided under the Securities Exchange Act of 1934?
The Securities Exchange Act of 1934 requires that issuers, subject to certain exemptions, register with SEC if they want to have their securities traded on a national exchange. Issuers of securities registered under the 1934 Act must file various reports with SEC in order to provide the public with adequate information about companies with publicly traded stocks. The 1934 Act also regulates proxy solicitation and requires that certain information be given to a corporation’s shareholders as a prerequisite to soliciting votes. The 1934 Act permits the SEC to promulgate rules and regulations to protect the public and investors by prohibiting manipulative or deceptive devices or contrivances via mails or other means of interstate commerce. What provisions are provided under the state securities laws? Typical provisions of the state securities “Blue Sky Laws” include prohibition against fraud in the sale of securities, registration requirements for brokers and dealers, registration requirem
