SIE Exam Question 923: Answer and Explanation

Question: 923

Kappa Inc., a growing IT company based in California, plans to launch its IPO this year. The IPO will be regulated by which of the following laws?

• A. Securities Act of 1933
• B. Securities Act of 1934
• C. Investment Company Act of 1940
• D. SIPC of 1970

Correct Answer: A

Explanation:

The Securities Act of 1933 regulates new securities, including IPOs.