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alansnowcross2

06/02/12 12:47 PM

#9068 RE: Kadin #9067

Contrasted with the Securities Act of 1933, which regulates these original issues, the Securities Exchange Act of 1934 regulates the secondary trading of those securities between persons often unrelated to the issuer, frequently through brokers or dealers. Trillions of dollars are made and lost each year through trading in the secondary market.

Interesting


http://en.wikipedia.org/wiki/Securities_Exchange_Act_of_1934