Securities Act of 1933
Noun
SEC


The US federal securities law that requires that investors receive financial and other significant information concerning securities being offered for public sale and prohibits deceit, misrepresentations, and other fraud in the sale of securities, which is accomplished primarily by means of the disclosure of important financial information through the registration of securities.

Synonym(s): 
  • '33 Act; 1933 Act; Federal Securities Act; Securities Act; Truth in Securities Act.