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Securities Exchange Act of 1934

Securities Exchange Act of 1934 definition - legal

n

A federal law designed to regulate post-issuance trading of securities by regulating security brokers and exchanges. State regulations are allowed to continue to govern intrastate transactions, as long as they do not conflict with the federal law. The act established the Securities and Exchange Commission.

Webster's New World Law Dictionary Copyright © 2006 by Wiley Publishing, Inc., Hoboken, New Jersey.
Used by arrangement with John Wiley & Sons, Inc.

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