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Corporations, Accounting, Securities Laws, and the Extinction of Capitalism
book

Corporations, Accounting, Securities Laws, and the Extinction of Capitalism

by Wm. Dennis Huber
July 2022
Intermediate to advanced content levelIntermediate to advanced
198 pages
6h 31m
English
Routledge
Content preview from Corporations, Accounting, Securities Laws, and the Extinction of Capitalism

7Securities Laws

DOI: 10.4324/9781003240969-10

Introduction

At the height of the Great Depression, in an action that I like to call, “The horses escaped! Quick! Close the barn door!,” the U.S. Congress enacted the Securities Act of 1933 ('33 Act) to regulate the issuance of securities to the public in an initial public offering (IPO). It also enacted the Securities Exchange Act of 1934 ('34 Act), which established the Securities and Exchange Commission (SEC, or Commission), to regulate the trading of securities subsequent to their initial issue.

The securities laws govern the way corporations are allowed to raise financial capital from the public and the information that corporations must report to the SEC, the shareowners, and the public. ...

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Publisher Resources

ISBN: 9781000600995