The Trust Indenture Act of 1939 and the Securities Act of 1933 work in tandem for registered offerings of debt securities. An understanding of the TIA is necessary in order to understand when and how to qualify an indenture, which exhibits are necessary to include in a registration statement that relates to debt securities (and when) and also which debt securities are exempt from the TIA’s requirements. The TIA also governs what the trustee is required to do on behalf of bondholders, and what documents the trustee is entitled to receive for issuances and amendments of debt securities. We cover this, and more, in depth in our new article, What’s the Deal? – Trust Indenture Act.