Practice Quiz

FINRA Series 6

Category - Series 6

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The Securities Act of 1933 did what?
  1. It established the requirement that investment advisers be registered with the SEC.
  2. It established the SEC as the regulatory agency for the secondary market.
  3. It established the requirement that new securities be registered.
  4. All of the above are correct answers.
Explanation
Answer: C - The Securities Act of 1933 established the requirement that new securities be registered. The focus of the Securities Act of 1933 was on the primary market. This act also requires that a prospectus be supplied to all prospective investors. The Securities Exchange Act of 1934 established the SEC as the regulatory agency of the secondary market, and the Investment Advisers Act of 1940 established the registration requirement for investment advisers.
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