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2. Prohibit deceit, misrepresentation, and other fraud in the sale of securities
The act is STILL used today..it was very successful.
it did NOT help the government!
started in 1933
you would have important recovery rights that WILL help you out.
The Act was deigned to help investors make judgments about weather to purchase a company's insurance or not.
It was the first law that was designed to regulate securities market. It required registration of securities and disclosure.
SEC
If you did purchase the security and suffer losses..
still used today!
it was bank insurance
1. Required that investors recieve financial and other significant information concerning securities being offered for public sale.
Franklin Roosevelt was the leader of the program.