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.
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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.”
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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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Special Tax Bond
Tax-based revenue bonds that are secured by revenues derived from one or more designated taxes levied for a specific purpose, including income taxes, excise taxes (such as taxes on tobacco, alcoholic beverages, fuel, etc.), special assessments, hotel occupancy taxes, sales taxes and limited ad valorem taxes.