Asked by Jhane Hemingway on Jun 26, 2024
Verified
The Securities and Exchange Commission was created by which of the following acts?
A) The Securities Act of 1933
B) The Securities Exchange Act of 1934
C) The Exchange Commission Act of 1932
D) The Oversight Act of 1935
E) The Stock and Bond Act of 1930
Securities Exchange Act
A United States law that governs the trading of securities, such as stocks and bonds, to protect investors from fraud.
Securities Act
A law enacted to regulate the securities industry, ensuring transparency, fairness, and protection of investors by requiring full disclosure of financial information from companies offering securities for public sale.
- Acquire knowledge of the regulatory framework that oversees the trading of securities, including the impact of specific acts and amendments on financial regulation.
- Recognize the organizational framework, functions, and authorities of the Securities and Exchange Commission (SEC).
Verified Answer
BR
BINOY RAJESHJun 29, 2024
Final Answer :
B
Explanation :
The Securities and Exchange Commission (SEC) was established by the Securities Exchange Act of 1934 to regulate the securities industry and protect investors by enforcing the federal securities laws.
Learning Objectives
- Acquire knowledge of the regulatory framework that oversees the trading of securities, including the impact of specific acts and amendments on financial regulation.
- Recognize the organizational framework, functions, and authorities of the Securities and Exchange Commission (SEC).