The Securities And Exchange Commission

Essay specific features

 

Issue:

Business

 

Written by:

Virgina G

 

Date added:

February 17, 2012

 

Level:

University

 

Grade:

A

 

No of pages / words:

2 / 535

 

Was viewed:

8402 times

 

Rating of current essay:

 
Essay content:

The purpose of the SEC was and still is to carry out 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 new laws and seeing to it that those laws are enforced. During the 1920s, approximately 20 million Americans took advantage of post-war prosperity by purchasing shares of stock in various securities exchanges...
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When the stock market crashed in 1929, the fortunes of many investors were lost. In addition, banks lost great sums of money in the Crash because they had invested heavily in the markets. When people feared their banks might not be able to pay back the money that depositors had in their accounts, a "run" on the banking system caused many bank failures...
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