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NEW QUESTION: 1
The Securities Exchange Act of 1934:
I. regulates the market for new issues.
II. delineates the registration requirements for investment advisers.
III. regulates secondary market activities.
IV. requires that officers and some other employees of member firms submit their fingerprints to the U.S.
attorney general's office.
A. II and III only
B. I and II only
C. III and IV only
D. I, II, III, and IV
Answer: C
Explanation:
Only Selections III and IV accurately describe provisions of the Securities Exchange Act of
1 934. The Securities Exchange Act of 1934 provides for the regulation of secondary market activities.
One section of the Act (Rule 17f-2) requires that officers and some other employees of member firms
submit their fingerprints to the U.S. attorney general's office. The Securities Act of 1933 regulates the
market for new issues, and the Investment Advisers Act of 1940 delineates the registration requirements
for investment advisers.