Travel destinations in the world for The securities laws are guided by one basic premise: full and fair disclosure of all material information. This is accomplished through two mechanisms: 1. Disclosure, issuers of securities and other parties must make available certain documents such as a prospectus or ANNUAL REPORT 2. Prohibition against misrepresentation, deceit and other fraudulent acts and practices (even where the persons involved are not required to make information available). These two mechanisms are sometimes referred to as the registration and the anti-fraud requirements. They are distinct requirements. Everyone who is required to register must also abide by the anti-fraud rules; some persons do not have to register but are still subject to the anti-fraud rules. Travel destinations in the world 2016.