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Securities Exchange Act of 1934

A major law that governs the trading of securities in the U.S. and established the SEC to regulate securities markets.

Registration statement

A detailed document that companies must file with the SEC before they can offer their stocks or bonds to the public, providing information about their business, finances, and risks.

Emerging growth company (EGC)

A company with total annual gross revenues of less than $1.235 billion during its most recently completed fiscal year, qualifying it for certain scaled-back disclosure requirements.

Issuer

A legal entity, such as a company, that develops, registers, and sells securities (like stocks or bonds) to raise money.

Securities and Exchange Commission (SEC)

A U.S. government agency responsible for protecting investors, maintaining fair and orderly securities markets, and facilitating capital formation.

National securities exchange

A regulated marketplace where stocks, bonds, and other securities are bought and sold, such as the New York Stock Exchange (NYSE) or Nasdaq.

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