Various kinds of birds embody spirits of the dead in Brazil and Paraguay (Spence, 1920, p. 127) and among the Asabano of Papua New Guinea (Lohmann, 2005, p. 190). The North American Osage describe vari- ous spirit worlds, the highest of which is populated by birds embodying human souls (Beckwith, 1930, p. 387).
The Securities Exchange Act of 1934 was created to provide governance of securities transactions on the secondary market (after issue) and regulate the exchanges and broker-dealers in order to protect the investing public.REAKING DOWN 'Securities Exchange Act Of 1934'. All companies listed on stock exchanges must follow the requirements set forth in the Securities Exchange Act of 1934.
Securities Act of 1933. The Securities Act of 1933 was the first major federal securities law passed following the crash of 1929 and was Congress' initial effort to control securities fraud. The Securities Act is in essence a disclosure statute.