’33 Act

E10276

United States federal statute securities law

The ’33 Act is a foundational U.S. federal securities law that governs the initial offering and sale of securities to the public, emphasizing disclosure to protect investors.

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Observed surface forms (2)

Surface form	Occurrences
'33 Act	0
1933 Act	1

Statements (49)

Predicate	Object
instanceOf	United States federal statute ⓘ securities law ⓘ
administeredBy	Securities and Exchange Commission ⓘ surface form: U.S. Securities and Exchange Commission
alsoKnownAs	U.S. Securities Act of 1933 ⓘ surface form: Truth in Securities Act
amendedBy	Jumpstart Our Business Startups Act ⓘ National Securities Markets Improvement Act of 1996 ⓘ Securities Act Amendments of 1964 ⓘ U.S. Securities Exchange Act of 1934 ⓘ surface form: Securities Exchange Act of 1934
appliesTo	dealers ⓘ issuers of securities ⓘ public offerings of securities ⓘ underwriters ⓘ
codifiedAt	15 U.S.C. §§ 77a–77aa ⓘ
containsSection	Section 11 ⓘ Section 12(a)(1) ⓘ Section 12(a)(2) ⓘ Section 17(a) ⓘ Section 5 ⓘ
distinguishedFrom	U.S. Securities Exchange Act of 1934 ⓘ surface form: Securities Exchange Act of 1934
emphasizes	disclosure over merit regulation ⓘ
enactedBy	United States Congress ⓘ
established	civil liability for material misstatements or omissions in prospectuses ⓘ civil liability for material misstatements or omissions in registration statements ⓘ
focusesOn	initial public offerings ⓘ primary market securities offerings ⓘ
governs	prospectus content and delivery in public offerings ⓘ registration statements for securities offerings ⓘ
hasOfficialName	U.S. Securities Act of 1933 ⓘ surface form: Securities Act of 1933
hasShortName	’33 Act self-linksurface differs ⓘ surface form: 1933 Act ’33 Act self-linksurface differs ⓘ
historicalContext	enacted in response to the 1929 stock market crash ⓘ
includesExemption	intrastate offerings exemption ⓘ limited offering exemptions ⓘ private offerings exemption ⓘ
jurisdiction	United States of America ⓘ surface form: United States
policyGoal	deter securities fraud in primary offerings ⓘ promote informed investment decisions ⓘ
primaryPurpose	protect investors through full and fair disclosure in securities offerings ⓘ regulate the offer and sale of securities in interstate commerce ⓘ
provides	exemptions from registration for certain securities and transactions ⓘ
requires	delivery of a prospectus to investors ⓘ material information disclosure about the issuer and the securities offered ⓘ registration of public offerings of securities with the SEC ⓘ
section11CreatesLiabilityFor	material misstatements or omissions in registration statements ⓘ
section12CreatesLiabilityFor	unregistered offers and sales of securities ⓘ
section17Prohibits	fraud in the offer or sale of securities ⓘ
section5Governs	offers and sales of securities using interstate means ⓘ
signedBy	President Franklin D. Roosevelt ⓘ surface form: Franklin D. Roosevelt
yearEnacted	1933 ⓘ

Referenced by (3)

Full triples — surface form annotated when it differs from this entity's canonical label.

U.S. Securities Act of 1933 → alsoKnownAs → ’33 Act ⓘ

’33 Act → hasShortName → ’33 Act self-linksurface differs ⓘ

subject surface form: '33 Act

’33 Act → hasShortName → ’33 Act self-linksurface differs ⓘ

subject surface form: '33 Act

this entity surface form: 1933 Act