Description
Securities Exchange Act of 1934:The Securities Exchange Act of 1934 is a cornerstone of U.S. financial regulation, designed to govern the secondary trading of securities (stocks, bonds, and debentures) after the initial sale.
Enacted to restore investor confidence following the 1929 stock market crash and to regulate securities markets more thoroughly than the Securities Act of 1933, the 1934 Act established the Securities and Exchange Commission (SEC), endowing it with broad authority to enforce securities laws and to regulate the securities industry, including stock exchanges and brokerage firms.




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