For sale by the Superintendent of Documents, U.S. Government Printing Office
Washington, D.C. 20402 Price $2.25

Stock Number 5201-00067

A38Q-5WE-FTHA

6-21-73

JUN 2 8 1973

TABLE OF CONTENTS

Public, No. 22-73d Cong., Approved May 26, 1933

AN ACT

To provide full and fair disclosure of the character of securities sold in interstate and foreign commerce and

through the mails, and to prevent frauds in the sale thereof, and for other purposes.

8. Exempted Securities...

(a) (1) Offerings prior to or within 60 days after enactment of this

2,52

(Additional subsections added in Title II of Public, No.
291-73d Cong., see p. 52.)

(b) Power of Commission to exempt additional classes of securities.

4. Exempted transactions.....

(1) Transactions by persons other than an issuer or dealer... 4, 53

(2) Brokers' transactions----

(3) Exclusive exchange of securities with existing security

holders....

5. Prohibitions Relating to Interstate Commerce and the Mails...

Restriction prior to registration..

Restriction on transmission of prospectus.-

Inapplicability of Section to securities sold in a single State

or Territory.

6. Registration of Securities and Signing of Registration Statement..

(a) Filing and signing...

(b) Filing fee____

(e) Actual time of filing and form of payment required..

(d) Publicity of information filed and its availability for purchase..

7. Information Required in Registration Statement...

4,

ს,

**** **** *****

(III)

Section

Page

7

7,272

8. Taking Effect of Registration Statements and Amendments thereto..

(a) Effective date of statements-----

(b) Refusal orders.............

Effective date of post-effective amendments..

(d) Stop order and basis for issuance...

Examinations to determine whether stop order should issue

under subsection (d).

(f) Notices --

9. Court Review of Orders__

(a) Persons entitled to obtain review.

(b) Effect of proceedings under subsection (a).

10. Information Required in Prospectus.---.

(a) Similarity to registration statement..

(b) When necessary to revise prospectus..

(c) Manner of presentation of information.

(d) Prospectus consisting of radio broadcast-

11. Civil Liabilities on Account of False Registration Statement..

(a) Persons against whom suits may be brought____

(b) Burden of proof.---

(c) Reasonable investigation and reasonable ground for belief..

(d) Liability of underwriter becoming such after registration___

(e) Nature of suit....

(f) Joint and several liability.

(g) Amount recoverable..

12. Civil Liabilities Arising in Connection with Prospectus and Communi-

17. Fraudulent Interstate Transactions..

18. State Control of Securities___

19. Special Powers of Commission_.

(a) Rules, regulations and forms..

(b) Subpena power.

20. Injunctions and Prosecution of Offenses..

(a) Filing statement-investigations..

(b) Injunctions-criminal proceedings..

(c) Mandamus writs__

21. Hearings by Commission_.

22. Jurisdiction of Offenses and Suits..

(a) Courts having jurisdiction..

(b) Contumacy or refusal to obey subpena..

(c) Privilege against self-incrimination..

23. Unlawful Representations----

24. Penalties___.

25. Jurisdiction of Other Government Agencies Over Securities.

26. Separability of Provisions---

Schedule A

9, 53

9

9

9

9,53

10, 53

11, 53

11

11, 54

11

12

12

12, 15

12

12, 54

13

13

13

13

13, 55

14

14

14

14

14

15

15

15

15

15

15

16

16

16

Relating to security issues other than those of a foreign government

or political subdivision thereof_____

Schedule B

Securities of a borrowing government or subdivision thereof.---

16

20

20

TITLE II. CORPORATION OF FOREIGN BONDHOLDERS ACT, 1933

Approved May 27, 1933, Effective upon Proclamation of President

201. Creation of "Corporation of Foreign Security Holders".

202. Management Vested in Six Directors__.

Section

206. Annual Reports of Corporation..

207. Discretionary Levy of Charges..

208. Receipt of Subscriptions.-.

209. Reconstruction Finance Corporation Loan__

210. Prohibitions Against Interference With Department of State or U. §.

Government..

211. Effective Date..

212. Short Title...

Public, No. 291-73d Cong.-Securities Exchange Act of 1934, Approved June

6, 1934

To provide for the regulation of securities exchanges and of over-the-counter markets operating in interstate

and foreign commerce and through the mails, to prevent inequitable and unfair practices on such exchanges

and markets, and for other purposes.

Section

TITLE I. REGULATION OF SECURITIES EXCHANGES

1. Short Title...

2. Necessity for Regulation as Provided in this Title.....

Reasons for National Public Interest...

Use of mails and interstate commerce..

Effect of prices on certain taxes owing to the United States

and the States and on the value of collateral loans___.

(3) Effect of prices on expansion, appraisal and national banking

system..

(4) Affect on the general welfare and national credit..

3. Definitions and Application of Title___

(17) Interstate commerce.

(b) Commission and Federal Reserve Board Powers--

Applicability of Act to Governmental Departments and

Agencies..

4. Securities and Exchange Commission...

(a) Establishment of Commission membership, restriction on

activities, compensation and term of office....

(b) Appointment and compensation of certain employees--.

5. Transactions on Unregistered Exchanges----

Restriction against use of mails or channels of interstate commerce

transactions on unregistered or nonexempted exchanges....

6. Registration of National Securities Exchanges.........

(a) Registration statement of exchange...

(1) Agreement of exchange----

(2) Organization data, rules and membership...

(3) Copies of rules of the exchange...

Agreement to furnish copy of amendments to rules of the

exchange...

(b) Requirement that rules of the exchange provide for expulsion,

suspension, or discipline.----

(c) Adoption of rules of exchange which are not inconsistent with

Act or State law..