Capital MarketsQuestion 302 of 398
Which federal law created the Securities and Exchange Commission (SEC) and gave it authority over the secondary market?
a.The Securities Act of 1933
b.The Trust Indenture Act of 1939
c.The Investment Company Act of 1940
d.The Securities Exchange Act of 1934
Explanation
The Securities Exchange Act of 1934 established the SEC and regulates the secondary market, including exchanges, broker-dealers, and reporting requirements for public companies. The Securities Act of 1933 governs new issues in the primary market.
Law Reference: Securities Exchange Act of 1934Practice all 398 questions free — no signup required.
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