From Investopedia about 1-A - The act is often ref

From Investopedia about 1-A - The act is often referred to as the "truth in securities" law. It requires that these registration forms, which are meant to provide essential facts, are filed to disclose important information upon registration of a company's securities. This helps the SEC achieve the objectives of this act by requiring that investors receive significant information regarding securities offered and prohibiting fraud in the sale of the offered securities.