Series 7 Exam Prep 73, Securities Exchange Act of 1934

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - The core distinction between the Securities Act of 1933 (new issues) and the Securities Exchange Act of 1934 (secondary market trading). - Key responsibilities of the SEC, which was created by the 1934 Act, including the registration of broker-dealers and exchanges. - The function of Rule 10b-5 as the primary anti-fraud provision, prohibiting manipulation, deception, and insider trading. - How insider trading is defined, including the liability of both tippers and tippees who act on material, non-public information. - The purpose of Regulation T in setting initial margin requirements and the reporting obligations of public companies through Forms 10-K, 10-Q, and 8-K. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep