USA HISTORY

Detailed explanation-1: -The Securities and Exchange Act of 1934 regulates secondary financial markets to ensure a transparent and fair environment for investors. It prohibits fraudulent activities, such as insider trading, and ensures that publicly traded companies must disclose important information to current and potential shareholders.

Detailed explanation-2: -The other main goal of the Securities Act of 1933 was to prohibit deceit and misrepresentations. The act aimed to eliminate fraud that happens during the sales of securities. President Franklin D. Roosevelt signed the Securities Act of 1933 into law as part of his famous New Deal.

Detailed explanation-3: -SEC was created after 1929 stock market crash While states began to pass laws regulating securities before 1929, the federal government left the securities industry largely uncontrolled.

Detailed explanation-4: -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-5: -The SEC was established by the passage of the U.S. Securities Act of 1933 and the Securities and Exchange Act of 1934, largely in response to the stock market crash of 1929 that led to the Great Depression.