Which of the following is an accurate statement regarding government regulation of the sales of securities by affiliates? Multiple choice question. The Securities Exchange Act of 1934 restricts sales of securities by nonaffiliates much more than sales by affiliates. The Securities Act of 1933 restricts sales of securities by affiliates much more than sales by nonaffiliates. The Securities Exchange Act of 1934 restricts sales of securities by affiliates to the same degree as sales by nonaffiliates. The federal government does not restrict sales of securities by affiliates