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.
bond-basics
Securities Exchange Act of 1934
Law designed to govern the trading of Securities in the secondary market. Also known as the “1934 Act” or the “Exchange Act.”
Dive Deeper on State Law Matters
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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Hundreds of Terms and Concepts
Good Faith Deposit
The amount, if any, required to be paid to the issuer by the underwriter at the time the bonds are sold, which serves as the amount retained by the Issuer as compensation for any damages caused to the issuer by the underwriter failing to purchase the bonds at the closing.