The Securities Exchange Act 1934
The Securities Exchange Act of 1934 (SEA) was enacted to regulate securities transactions after they were issued, assuring better financial openness and accuracy, as well as reduced fraud and manipulation.
The Securities and Exchange Commission (SEC), the SEA’s regulatory arm, was established by the SEA. The Securities and Exchange Commission (SEC) regulates securities, including stocks, bonds, and over-the-counter securities, as well as markets and financial professionals such as brokers, dealers, and investment advisors. It also keeps track of the financial disclosures that publicly traded corporations must provide.