Answer:
Ex1. requires registration of new issues with the SEC before sale to the public
2. calls for full and fair disclosure
3. requires the delivery of a prospectus for the sale of new issues
4. prohibits fraud in the sale of new issues
-the prospectus DOES NOT include opinions of counsel and underwriting contracts
- the act does not authorize or mandate that the SEC determine which securities may or may not be publicly tradedplanation:
