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Securities are investments in such areas as bonds, stocks, notes, investment contacts and oil or mineral rights. Securities laws are in place to ensure that buyers and sellers of securities receive complete and accurate information about the interest in which they are purchasing. Securities laws are regulated at both the state and federal levels. The Federal Securities Act of 1933 was created to regulate securities. State securities laws, however, vary from state to state, but typically include registration requirements that both brokers and securities dealers must comply with. Federal Securities Act of 1933 The Federal Securities Act of 1933 was created in response to the stock market crash of 1929 and the ensuing economic collapse that happened the years following the crash. Prior to that time, regulation of securities were chiefly governed by state laws. When Congress enacted the 1933 Federal Securities Act, it left in place the existing state securities laws and provided a supplement to the laws that were already in place. The 1933 Act has two basic objectives: Require that investors receive significant (or “material”) information concerning securities being offered for public sale. Prohibit deceit, misrepresentations, and other fraud in the sale of securities . Continued... By Chris Saunders