Securities Exchange Act of 1934

tamer hamed 12:00:00 AM
Securities Exchange Act of 1934
As mentioned, the Securities Exchange Act of 1934 is broader in scope than the Securities Act of 1933. As the SEC explains on the same page of their website:
With this Act, Congress created the Securities and Exchange Commission. The Act empowers the SEC with broad authority over all aspects of the securities in¬dustry. This includes the power to register, regulate, and oversee brokerage firms, transfer agents, and clearing agencies as well as the nation's securities self-regulatory organizations (SROs). The various securities exchanges, such as the New York Stock Exchange, the NASDAQ Stock Market, and the Chicago Board of Options are SROs. The Financial Industry Regulatory Authority (FINRA) is also an SRO.
The Act also identifies and prohibits certain types of conduct in the markets and provides the Commission with disciplinary powers over regulated entities and per¬sons associated with them.
The Act also empowers the SEC to require periodic reporting of information by companies with publicly traded securities.
The Securities Exchange Act of 1934 gave the SEC broad powers over the securities markets. The Act gave the Federal Reserve Board the power to regulate margin. It also requires public companies to file quarterly and annual reports with the SEC. If a material event occurs before the next regular report is due, the issuer files an 8-K. There are reports filed when the officers and members of the board sell their shares. Mergers and acquisitions must be announced through various filings. And, broker-dealer net capital requirements are also covered in this legislation.

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