Summary Of The Securities Exchange Act Of 1934

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In 1934, the United States established the Securities and Exchange Commission to regulate the trading of stocks, commodities bonds and other types of securities, according to History. When the stock market crashed on Oct. 29, 1929, there was virtually no regulation or control on the issuing and trading of securities.

Congress passed The Securities Exchange Act of 1934 establishing the SEC to regulate over-the-counter markets, stockbrokers and major market exchanges, explains History. The SEC monitored the financial disclosures of corporations and The 1935 Public Utility Holding Company Act authorized the SEC to break up any large public utility companies into smaller companies while adding federal regulations on utility rates and finances.
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