Full Disclosure refers to the obligation to release all material information pertinent to a transaction, especially in the context of securities where public information requirements are regulated.
Restricted securities are securities acquired from an issuer in a nonpublic transfer that have sales limitations because they were not part of a public offering and didn't adhere to the Securities Act of 1933.
The first law enacted by Congress to regulate the securities markets, approved May 26, 1933, as the Truth in Securities Act.
