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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Mandatory Sinking Fund Redemption
A type of redemption that applies specifically to bonds issued as term bonds provided in the bond resolution/ordinance and/or an indenture, pursuant to which an issuer or a conduit borrower is required to retire a specific amount of the outstanding principal of the term bond by redemption on specific dates.