US Securities Act of 1933; US Securities Exchange Act of 1934 The two principal federal securities statutes in the US are the US Securities Act of 1933 (the Securities Act) and the US Securities Exchange Act of 1934 (the Exchange Act). To simplify considerably, the Securities Act governs the offer and sale of securities in the US, while the Exchange Act regulates the trading of securities on a US national securities exchange such as the New York Stock Exchange (the NYSE) or quotation on the Nasdaq Stock Market (Nasdaq), ongoing periodic and annual reporting, and tender and exchange offers.
March 01 2007