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FSA and SEC

The Federal Securities Act of 1933 (FSA) and the creation of the Securities and Exchange Commission (SEC) in 1934 played pivotal roles in transforming securities regulation in the United States. The FSA aimed to restore confidence in banks and ensure accurate information disclosure to consumers and investors without increasing federal spending. In contrast, the SEC was established to enforce securities laws, increase federal oversight, and regulate business practices effectively. Together, these acts promoted transparency, informed consumers, and influenced the securities market's structure.

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FSA and SEC

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  1. FSA and SEC in the New Deal By Jack Doyle, Anthony Bello, and Aidan Williams

  2. FSA Federal Securities Act (1933)

  3. FSA • Passed on May 27th, 1933 • Restored confidence in American banks • Ensured accurate information disclosure to consumers • Targeted towards the consumers and investors

  4. FSA and Government • Increased Federal hold over securities • Informed consumers • Didn’t increase spending • Increased government involvement in security businesses • Indirectly affected the purchase of securities • Regulated big business federally

  5. Effect of FSA • Ensured that consumers were informed • Affected the consumers in the knowledge that they had of what they were purchasing • Constitutional

  6. SEC Securities and Exchange Commission (1934)

  7. SEC • Created on June 6th, 1934 • Effect of the Securities Exchange Act • Enforced acts similar to FSA

  8. SEC and Government • increased Federal hold over security businesses • Increased Federal spending • Funding • Employees • Increased Federal involvement in business/regulation

  9. Effect of SEC • Regulated business • Affected consumers and businesses • Enforced the disclosure of securities information • Deemed constitutional

  10. Works Cited • O’Donne, Pat. “New Deal.” American Government. ABC-CLIO, 2012. Web. 21 Nov. 2012. • "The Laws That Govern the Securities Industry." The Laws That Govern the Securities Industry. N.p., n.d. Web. 21 Nov. 2012. <http://www.sec.gov/about/laws.shtml>. • “Securities and Exchange commision.” Encyclopedia Britannica. Encyclopedia Britannica Online School Edition. Encyclopedia Britannica, Inc., 2012. Web. 21 Nov. 2012. • Chamber of Commerce of the United States of America. Committee on Regulation of Securities. The Federal Securities Act of 1933; a Report of the Committee on Regulation of Securities ... Washington, D.C.: Chamber of Commerce of the United States, 1933. Print • “Securities and Exchange Commission.” American Government. ABC- CLIO. 2012. Web. 27 Nov. 2012 • "Securities Act of 1933." Major Acts of Congress. Ed. Brian K. Landsberg. Vol. 3. Gale Cengage, 2004. eNotes.com. 27 Nov, 2012 <http://www.enotes.com/securities-act-1933-reference/>

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