Asked by Steven McCoy on Jul 06, 2024
Verified
The United States Congress passed the ________ in reaction to the mistrust of securities transactions before the Great Depression.
A) Securities Exchange Act of 1934
B) Wall Street Accountability Act of 1931
C) Ponzi Scheme Elimination Act of 1932
D) New York Stock Exchange Restoration Act of 1930
E) Securities Act of 1933
Great Depression
A severe worldwide economic downturn that took place during the 1930s, characterized by widespread unemployment and hardship.
Securities Transactions
The process of buying, selling, or trading securities, such as stocks and bonds, usually through the financial markets.
- Acquire knowledge of the foremost legal acts that control corporate securities and the companies that offer them.
Verified Answer
PC
Priscilla CervantesJul 07, 2024
Final Answer :
E
Explanation :
In reaction to the mistrust of securities transactions before the Great Depression,the United States Congress passed the Securities Act of 1933.A function of the act was to legitimize security transactions by requiring the registration of securities offered to the public.
Learning Objectives
- Acquire knowledge of the foremost legal acts that control corporate securities and the companies that offer them.
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