This volume serves as a federal securities laws supplement, providing selected statutes, rules, and forms. It is the most complete supplement available and is regularly updated and revised. Contents include the Securities Act of 1933, Security Exchange Act of 1934, Investment Company Act of 1940, Investment Advisers Act of 1940, SEC Rules of Practice, and related federal laws. It contains many changes from the prior year's version:

Repeal of Rule 505 of Regulation D;
Increase in aggregate offering price for Rule 504 of Regulation D to $5 million;
Amendments to Rule 147;
Adoption of a new intrastate offering exemption in Rule 147A;
Adjustments to civil monetary penalty amounts;
Amendments to the securities transaction settlement cycle;
Changes and corrections arising from Titles I and III of the JOBS Act; and
Various technical corrections and terminology changes.