What were the two acts created by federal legislators in reaction to the Stock Market Crash of 1929, and what were they designed to do?
What will be an ideal response?
Answer: The two acts were the Securities Act of 1933 and the Securities Exchange Act of 1934. The Securities Act of 1933 had two main objectives: to require that investors receive financial disclosures regarding products being marketed and significant information concerning securities offered for public sale and to prohibit deceit and misrepresentation in the sale of other securities. The Securities Exchange Act of 1934 created the Security Exchange Commission (SEC) and gave it broad power to oversee all aspects of the securities industry. This included the power to register, regulate, and oversee brokerage firms, transfer agents, and the national stock exchanges.
You might also like to view...
HIV/AIDs related deaths in prison are declining over the last decade
a. True b. False Indicate whether the statement is true or false
A prison policy in which inmates receive the bare minimum in terms of food, services and medical care required by law is referred to as a(n) _______ policy
Fill in the blank(s) with correct word
The biblical expression "_______" is often used to illustrate the underlying premise of the punishment goal of retribution
a. sinners never sleep b. eye for an eye c. blood in blood out d. pound of flesh
All acts of looking for evidence are within the meaning of the Fourth Amendment
Indicate whether the statement is true or false.