Securities Exchange Act Creates SEC, Regulates Secondary Markets
President Franklin D. Roosevelt signs the Securities Exchange Act of 1934 into law on June 6, 1934, establishing the Securities and Exchange Commission (SEC) and comprehensive federal regulation of secondary securities trading (stocks, bonds, and debentures). FDR’s compromise approach attempts …
Franklin D. Roosevelt
Joseph P. Kennedy
Ferdinand Pecora
Richard Whitney
New York Stock Exchange
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financial-regulation
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sec-creation
securities-law
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