Securities Regulations and Regulatory Organizations

Series 7 regulation questions test whether you can connect each law or regulator to its practical role in the securities industry. The exam is less interested in memorizing dates than in knowing which statute governs issuance, trading, disclosure, supervision, and enforcement.

This chapter starts with the major federal statutes, then moves through the main regulatory bodies and the enforcement tools that support investor protection and market integrity.

In this section

• Securities Act of 1933
  Review registration, prospectus delivery, and the main exemptions under the Securities Act of 1933.
• Securities Exchange Act of 1934
  Understand secondary-market regulation, periodic reporting, and anti-fraud provisions under the 1934 Act.
• Other Key Securities Laws
  Review other major securities laws that shape fund regulation, advisory activity, corporate governance, and reform.
• Regulatory Organizations
  Differentiate FINRA, the SEC, the MSRB, the FRB, and other regulators relevant to the Series 7.
• Compliance and Enforcement
  Review investigations, disciplinary actions, arbitration, and other enforcement tools used in the securities industry.