Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

Exchange Act

Read a random definition: beneficium ordinis

A quick definition of Exchange Act:

Exchange Act: The Exchange Act is a law that was created in 1934 to regulate the buying and selling of stocks and other securities in the United States. It is also known as the Securities Exchange Act of 1934. This law helps to protect investors and ensure that the stock market operates fairly and transparently.

A more thorough explanation:

Definition: The Exchange Act is a federal law that regulates the trading of securities in the United States. It was passed in 1934 and is also known as the Securities Exchange Act of 1934. The law requires companies to disclose certain financial information to the public and to register with the Securities and Exchange Commission (SEC) if they have more than a certain number of shareholders.

Example: Let's say you want to buy stock in a company. Before you invest your money, you want to know how the company is doing financially. The Exchange Act requires the company to provide you with certain financial information, such as its annual report and quarterly earnings statements. This information can help you make an informed decision about whether to invest in the company.

Another example: The Exchange Act also requires companies to register with the SEC if they have more than 500 shareholders and assets of more than $10 million. This helps ensure that companies are following the law and that investors have access to important information about the company.

Explanation: The Exchange Act is designed to protect investors and ensure that companies are transparent about their financial health. By requiring companies to disclose certain financial information and register with the SEC, the law helps investors make informed decisions about where to invest their money. The examples illustrate how the law works in practice, by requiring companies to provide financial information to investors and ensuring that companies are following the law by registering with the SEC.

excess water | exchange broker

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
starfishies
11:33
@ErraticFearlessGecko: I hope nova gives you $$$$ then
Same here!! That would be amazing
LMNTree
11:34
@dubiously no, gotta assume I'm lined up for a WL or R but idk
How's your cycle going?
11:34
@LMNTree: 🫡
LMNTree
11:35
Can't see the emoji but vibes tbh
11:35
If you applied Sept-Nov you might be right to be worried
starfishies
11:35
it's nearly done! I have 5 schools left but only BC really matters to me in that list. gonna ride out some waitlists this summer and hope but can't complain with how things have gone
LMNTree
11:35
Early December... like very beginning
LMNTree
11:35
So I'm not completely cooked but I told myself February would be my month
LMNTree
11:36
So far two WLs and a rejection from a scholarship lmao
11:36
@LMNTree: you didn’t get a hold bc they didn’t give them out to Dec people
11:36
Just chill
@starfishies: BC still has yet to update my lawhub tracker or send an email with my R. It's only on their own portal for some reason. I really hope you get in, it's an awesome school!
LMNTree
11:37
@dubiously: Ah mb didn't know it was a hard Dec cutoff ty for clarifying
starfishies
11:38
@ErraticFearlessGecko: yeah i was a crazy person last wave checking my email, lawhub tracker and bc tracker at once. I love boston so it'd be nice! im trying not to have expectations though
on my BC portal, within the profile section, it says "contact method:" but is blank. Does it look like this for anyone else?
LMNTree
11:42
I want to play chess rn, but alas I am at work
LMNTree
11:43
The forces of evil conspiring tbh
@LeanDeadCloud: I think it's like that for everyone
Ok thanks, im getting too angsty
GnomeoAndJuliet36
11:45
W&M A :)
LMNTree
11:46
Congrats!
Congrats!
omelette
11:50
yayy
RoaldDahl
11:54
@starfishies: when did u get bc A
RoaldDahl
11:54
Lets go mr gnome
dasfi0990ut1
12:00
Hello Friends. I am excited for lunch. Today, I will be ingesting Surströmming, Sannakji, and to wash tasty solids down : Gomutra and Ttongsul. Are you excited for lunch as well? What will you be devouring?
ReminiscentZestyFish
12:04
pb j
ReminiscentZestyFish
12:04
anyone going to NW meeting today?
LSD+ is ad-free, with DMs, discounts, case briefs & more.