What's the difference between the SEC act of 1933 and the SEC act of 1934?

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  • March 3, 2015 at 11:33 pm #192465
    milsmif
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    Thanks in advanced!

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  • March 4, 2015 at 12:13 am #649581
    juuustin
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    That's a really broad question, but it boils down to 1933 = IPO, 1934 = Subsequent exchanges.

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    March 4, 2015 at 12:24 am #649582
    Anonymous
    Inactive

    Also good to keep in mind:

    It is much easier to sue a CPA under the 1933 Act (just need to suffer a loss after buying a security) than it is under the 1934 Act (lots of restrictions).

    March 4, 2015 at 4:12 pm #649583
    Tux
    Member

    The main difference is what juustin said above – 1933 governs initial offerings and 1934 governs subsequent offerings.

    But, of course, there are more.

    Do you have specific questions about it?

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