The Securities Exchange Act of 1934 is a federal law that regulates the secondary trading of securities in the United States. It was enacted by Congress in response to the stock market crash of 1929 and the Great Depression. The Act established the Securities and Exchange Commission (SEC) to oversee the securities markets and
The Securities Exchange Act of 1934 is a law governing the secondary trading of securities in the United States of America. A landmark piece of wide-ranging legislation, the Act of '34 and related statutes form the basis of regulation of the financial markets and their participants in the United States. The 1934 Act also established the Securities and Exchange Commission (SEC), the agency primarily responsible for enforcement of United States federal securities law.