Securities Exchange Act of 1934
Law designed to govern the trading of securities in the secondary market.
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Securities Act of 1933
Law designed to ensure that investors are provided with material information about New Issues of Securities offered for sale to the public. Also known as the “1933 Act” or the “Securities Act.”
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Learn more about the various aspects of state laws and how they intersect with municipal securities.
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Security
Any note, stock, treasury stock, bond, debenture, evidence of indebtedness, certificate of interest or evidence of any participation in any profit-sharing agreement.
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Bond Counsel
An attorney or firm of attorneys, frequently retained by the Issuer but sometimes by another party to the transaction, to render an opinion in a bond financing as to the validity and enforceability of the bonds and the treatment of the interest on the bonds under the code and applicable state law.