.

Wednesday, October 23, 2013

Untitled

Morgan Bennett Mr. Harris History Honors- Per 5 April 2001 The Securities and commutation missionary post In 1934 the Securities metamorphose Act created the SEC (Securities and telephone exchange Commission) in response to the contestation merchandise crash of 1929 and the Great Depression of the 1930s. It was created to protect U.S. investors against malpractice in securities and financial markets. The purpose of the SEC was and still is to carry face up the mandates of the Securities Act of 1933: To protect investors and maintain the integrity of the securities market by amending the current laws, creating unseasoned laws and seeing to it that those laws be gived. During the 1920s, some 20 million Americans took advantage of post-war prosperity by acquire shares of course in various securities exchanges. When the stock market crashed in 1929, the fortunes of galore(postnominal) a(prenominal) investors were lost. In addition, banks lost great sums of bullion in t he chisel in because they had invested heavily in the markets. When people feared their banks mightiness not be able to pay back the money that depositors had in their accounts, a run on the banking system caused many bank failures. after(prenominal) the crash, universe confidence in the market and the frugality vanish sharply. In response, Congress held hearings to identify the problems and look for solutions; the termination was set in motion in the new SEC.
Ordercustompaper.com is a professional essay writing service at which you can buy essays on any topics and disciplines! All custom essays are written by professional writers!
The Commission was established in 1934 to enforce new securities laws that were passed with the Securities Act of 1933 and the Securities Exchange Ac t of 1934. The two new laws stated that Comp! anies publicly crack securities must tell the public the truth about their businesses, the securities they are selling and the risks involved in the investing. Secondly, People who sell and business securities must treat investors passably and honestly, putting investors interests first.2         Franklin Delano Roosevelt thwarted Herbert Hoover... If you want to get a full essay, order it on our website: OrderCustomPaper.com

If you want to get a full essay, visit our page: write my paper

No comments:

Post a Comment