Security exchange commission
Purpose:
The SEC or Security Exchange Commission was estatblished by Congress in 1934(1). Part of the Securities Act of 1934, the SEC required the public to register their stocks, and provide safer distribution in the stock market (1). Also by doing so, the goal of providing safer distribution seeked to insure investor confidence by ending misleading sales, & stock manipulation(2). With this new goal of enforcing rules, the SEC instituted rules such as prohibited purchase without adequate funds, prevented unfair use of nonpublic info of stocks, and companies had to publicly disclose any information(2). Also the SEC had to regulate the stock market (4) but also provide clear rules of honest dealing (3)
Outcome:
The SEC impacted a majority of big buisnesses, and higher monopolies. By targeting the stock market, and implementing sticter rules of 'engagement', wall street began to see themselves put at limits for the first time. More companies had to follow the goverments standards, not taking control of the law. No more did companies like standard oil make money by manipulating the law, and making things for the public unfair. Now, the goverment controlled the corporations(5).
"Securities and Exchange Commission." History.com. A&E Television Networks, n.d. Web. 13 Mar. 2016.
http://www.britannica.com/topic/Securities-and-Exchange-Commission
"HOME." SEC.gov. N.p., n.d. Web. 13 Mar. 2016.
David E. Shi. Tindall and Shi: America: A Narrative History: Brief Third Ed., Study Guide. New York, NY: W.W. Norton, 1993. Print.
"AllGov - Departments." AllGov - Departments. N.p., n.d. Web. 13 Mar. 2016.