Examlex
Civil Liability
Legal responsibility requiring a person to compensate for harm or damage they've caused to another entity.
Unregistered Securities
Securities that have not been registered with the Securities and Exchange Commission (SEC) and thus cannot be legally sold in the public securities markets.
1933 Act
Also known as the Securities Act of 1933, it is a U.S. law enacted as part of the New Deal, requiring securities sold to the public through a formal offer to be registered and to disclose relevant financial information.
Registration
The process of recording information officially, often pertaining to a company, security, or property, to ensure legal recognition.
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