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Which of the following is true about the 1933 and 1934 securities acts? The 1933 act covers the initial issuance and subsequent trading of stocks

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

The 1933 act covers the initial issuance and subsequent trading of stocks and the 1934 act covers the initial issuance and subsequent trading of bonds.

The 1933 act covers securities listed on stock exchanges and the 1934 act covers nonlisted securities.

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

The 1934 act replaced the 1933 act, covering all aspects of securities issuance and trading.

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