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A Dictionary of American History
Contents:
Securities Exchange Act
Securities Exchange Act (6 June 1934)This law resulted from the Pecora hearings, which produced outrage over revelations of fraud in the financial markets. It amended the Federal Securities Act (1933) and created the Securities and Exchange Commission (SEC) to enforce it. The law charged the SEC with preventing insider trading and stock manipulation, with protecting investors from dishonest practices, and with licensing dealers to trade in securities. However, the SEC lost the power to set margin requirements to the Federal Reserve system.
Contents:
Chicago: Thomas L. Purvis, "Securities Exchange Act," A Dictionary of American History in A Dictionary of American History (Cambridge, Mass.: Blackwell Reference, 1995), Original Sources, accessed December 4, 2024, http://www.originalsources.com/Document.aspx?DocID=9FAGN52WDC9JL1J.
MLA: Purvis, Thomas L. "Securities Exchange Act." A Dictionary of American History, in A Dictionary of American History, Cambridge, Mass., Blackwell Reference, 1995, Original Sources. 4 Dec. 2024. http://www.originalsources.com/Document.aspx?DocID=9FAGN52WDC9JL1J.
Harvard: Purvis, TL, 'Securities Exchange Act' in A Dictionary of American History. cited in 1995, A Dictionary of American History, Blackwell Reference, Cambridge, Mass.. Original Sources, retrieved 4 December 2024, from http://www.originalsources.com/Document.aspx?DocID=9FAGN52WDC9JL1J.
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