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Which of the following is true about 1933 and 1934 securities acts? The 1934 act superseded the 1933 act and covers all aspects of securities

Which of the following is true about 1933 and 1934 securities acts?

The 1934 act superseded the 1933 act and covers all aspects of securities issuance and trading

The 1933 act covers securities listed on stock exchanges and the 1934 act covers non-listed securities

The 1933 act covers the initial issuance of securities and the 1934 act covers the subsequent trading of securities

The 1933 act covers the initial issuance and subsequent trading of stocks and the 1934 act covers state regulations of securities

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