During Roosevelt's New Deal, the S.E.C. was created. The purpose of this agency was to regulate the sale of stocks and oversee the disclosure of information on stocks being sold.
The SEC acronym means Securities and Exchange Commission. It was established in 1934 aiming at putting the stock exchange in order and stopping the harmful and irresponsible practice that had gave way to the Great Recession in 1929. Finally, this commission intended to encourage investments by restoring the shattered confidence in the American market.
The purpose of the Security Exchange Commission (SEC) was to control or regulate the sale of stocks and oversee the disclosure of information on stocks being sold. This implies the correct answer is D.
The Security and exchange commission is a federal agency and also operates as an independent agency. This commission was created to protect capital and investors.
The S.E.C controls the stock market, proposes and ensures that all federal securities laws are enforced.
President Roosevelt established the security exchange commission in 1934 as part of his NEW deal program to address the effect that the Great Depression had on the economy and also to prevent any problems that may likely confront the market in the future.
The establishment of the S.E.C helped to bring back investors’ confidence during the Great depression and also played a vital role in the reduction of deceitful trading.
There are 5 divisions of the SEC, and it is the role of the US president to appoint 5 commissioners that control the affairs of each of the divisions.
All the 5 divisions include:
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