Section 3 A 2 Of The Securities Act Of 1933

77c a 8 any insurance or endowment policy or annuity contract or optional annuity contract.

Section 3 a 2 of the securities act of 1933. The sec can prosecute issuers and sellers of unregistered securities. An overview of the ability of banks to issue exempt securities under section 3 a 2 of the securities act of 1933. 2 securities act of 1933 2 antee of or warrant or right to subscribe to or purchase any of the foregoing.

Under section 20 b can seek injunctions against the sale or issue of securities if the securities act has been violated or if a violation is imminent. The securities act of 1933 also known as the 1933 act the securities act the truth in securities act the federal securities act and the 33 act was enacted by the united states congress on may 27 1933 during the great depression and after the stock market crash of 1929 legislated pursuant to the interstate commerce clause of the constitution it requires every offer or sale of. 77b a 19 and section 3 a 80 of the securities exchange act of 1934 15 u s c.

Enforcing the securities act. 77b 15 ii shall include the following persons. Section 3 a 2 of the securities act of 1933 the securities act exempts from registration under the securities act any security issued or guaranteed by a bank.

A any savings and loan association or other institution specified in section 3 a 5 a of the act whether acting in its individual or fiduciary capacity. Any broker or dealer registered pursuant to section 15 of the securities exchange act of. An offer offer to sell offer for sale or sale shall be deemed to be involved within the meaning of section 2 3 of the act so far as the security holders of a corporation or other person are concerned where pursuant to statutory provisions of the jurisdiction under which such corporation or other person is organized or pursuant to provisions contained in its certificate of incorporation or similar controlling instruments or otherwise there is submitted for the vote or consent of.

Sec enforcement actions are the primary mechanism for enforcing federal securities laws. Notwithstanding section 2 a 19 of the securities act of 1933 15 u s c. 2 the term person means an individual a corporation a partnership an association a joint stock company a trust any unincorporated organization or a government or political subdivision thereof.

77a et seq 78a et seq if the first sale of common equity securities of such issuer pursuant to an effective registration statement under the securities act of 1933 15 u s c. The term accredited investor as used in section 2 15 ii of the securities act of 1933 15 u s c. 77a et seq occurred on or before december 8 2011.