The definition of security in the Securities Act of 1933 includes interests that involve the right to buy a security on a national security exchange is a true statement.
What is Securities Act of 1933?
This act was formulated during the Great depression and after the crash of the stock market in order to protect the investors.
This act was passed to check mate fraudulent activities and ensure transparency. This was done by including the right of individuals to get a security on a national security exchange so as to prevent future negative occurrences.
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