Skip to main content
Like
Create new Glog
previous
next
Email share
170 views | 0 likes | 0 reposts
SEC Securities and Exchange Commission
The SEC better known as the Securities Exchange Commission was established in 1934. It was an agency that regulated trading in the stock market. The SEC with the regulations helped companies to be able to expand again. These reegulations also helped farmers in the sense that investors were able to buy more agricultural foods.
Quotes "[The] rulers of the exchange of mankind's goods have failed through their own stubbornness and their own incompetence, have admitted their failure, and have abdicated. Practices of the unscrupulous money changers stand indicted in the court of public opinion, rejected by the heart and minds of men… there must be strict supervision of all banking and credits: and investments, so that there will be an end to speculation with other people's money." -FDR "it is appropriate to expand the transparency of our comment process by making this information available to an unlimited audience." -Allan Beller
Pros - developed income for farmers from investors who were now more willing to expand with their money - Protected the money when being placed into different industries - Allowed for companies to safely expand again
Cons - minor issues of fraud dealing with investments within the SEC - members became suspicious of other's investments - Many felt that poor oversight was the cause of fraud
The intention of the SEC was to regain stability of financial matters within the stock market and other investments. It did this by creating legislations protecting what was put into the stock market. It was proven effective considering it is still used today. With all that being said the SEC has Relieved, Recovered, and Reformed.
-The SEC still exists today - Today, the SEC is accountable for the enforcement and administration of the laws that govern the securities industry. - serves as a federal lookout against stock market fraud dealing with invesments and insider manipulation on Wall Street.
