USA HISTORY

THE GREAT DEPRESSION 1929 1940

THE GREAT DEPRESSION

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What was/ is the purpose of the Securities and Exchange Commission?
A
Regulate the Stock Market and protect investors from dishonest trading practices
B
Founded projects in arts, literature, music and theatre
C
allowed students to work and remain in school
D
provided money for local and state welfare agencies
Explanation: 

Detailed explanation-1: -Its mission is to promote fairness, integrity and transparency; prevent fraud and other deceptive acts; and ensure orderly and efficient markets. The SEC was launched following the stock market crash of 1929.

Detailed explanation-2: -The Securities and Exchange Commission oversees securities exchanges, securities brokers and dealers, investment advisors, and mutual funds in an effort to promote fair dealing, the disclosure of important market information, and to prevent fraud.

Detailed explanation-3: -The Commission seeks to detect potential problems or issues in the securities markets early and prevent violations of federal securities laws. If violations occur, the SEC alerts investors to possible wrongdoing and takes prompt action to halt and sanction the misconduct.

Detailed explanation-4: -The commission’s purpose was to restore investor confidence by ending misleading sales practices and stock manipulations that led to the collapse of the stock market in 1929.

There is 1 question to complete.