Who is Regulated in a Securities Issuance?
Businesses and Individuals Subject to Securities Laws
Written by Jason Gordon
Updated at April 6th, 2023
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Who are the parties regulated in an offer to sell securities?
The 33 Act regulates offers to sell securities by a number of individuals, including the issuer, underwriter, controlling party, or sales representative. The issuer is the individual or business organization offering a security for sale to the public. Underwriters are individuals participating in the original distribution of securities by selling such securities for the issue or by guaranteeing their sale. A controlling party is one who controls or is controlled by the issuer, such as a major stockholder of a corporation. A sales representative is anyone who contracts with a purchaser or who is a motivating influence that causes the purchase transaction to occur.
Next Article: Disclosure Documents in a Securities Issuance Back to: SECURITIES LAW
Discussion Question
Why do you think that the securities laws regulate the conduct of such a wide variety of sellers or securities? How does regulating the conduct of these individuals align with the objectives of the securities laws?
Related Topics
- Securities Law (Intro)
- What are Securities Laws?
- What is a Security?
- What qualifies as an Investment contract?
- What are the primary federal securities laws?
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- Forward Looking
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- Section 4(a)(5)?
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