Act 21 of 1933

Act 21 of 1933, also known as the Securities Act of 1933, is a federal law that requires companies selling securities (like stocks and bonds) to provide full, truthful information about their financial health and business operations. Its goal is to protect investors from fraud by ensuring transparency and honesty before securities are offered to the public. Companies must register their securities with the Securities and Exchange Commission (SEC) and disclose material facts so investors can make informed decisions. This law aims to promote fair, efficient markets and maintain confidence in the securities industry.