2007-03-01 14:27:42 · 2 answers · asked by melia i 1 in Business & Finance ➔ Investing
When the stock market crashed back in 1929, a lot of it had to do with inadequite oversight of securities trading.
There were two acts passed in response to this which are referred to the 1933 and 1934 act.
The Securities Act of 1934 is the particular one that authorized the formation of the Securities and Exchange Commission.
2007-03-01 14:35:44 · answer #1 · answered by Jesse 4 · 0⤊ 0⤋
I'm not sure what you are asking. The SEC has oversight of securities registrations, and transactions and those natural and legal entities who transact scecurities. There are exempt transactions and entities, but the SEC still conducts Federal oversight.
The SEC can enforce rules regarding securities and those who transact them, which includes registration, and civil / criminal law.
2007-03-01 22:44:30 · answer #2 · answered by InHisGrip 1 · 0⤊ 0⤋