The 1930s marked a pivotal period in American history, characterized by the Great Depression—a devastating economic downturn that shook the very foundations of the nation.
As the country sought to recover from this crisis, policymakers and regulators recognized the dire need for comprehensive reforms to restore trust, stability, and confidence in the financial markets. The Securities Act of 1933 and the Securities Exchange Act of 1934 emerged as crucial pillars of these reforms.
In this course, learners will delve into the historical context that led to the enactment of these landmark acts, examining the economic, political, and social conditions that necessitated their introduction. They will study the core provisions of each act and their overarching objectives, including the protection of investors, the promotion of transparency, and the establishment of fair practices within the securities industry.
As learners navigate the intricacies of these acts, they will explore the fundamental components and how they transformed the functioning of US markets. Learners will analyze the establishment of the Securities and Exchange Commission (SEC) and its role as a regulatory authority in overseeing the securities industry, safeguarding investors’ interests, and enforcing compliance with the newly established regulations.
Moreover, learners will examine the profound and lasting impacts of the Securities Act of 1933 and the Securities Exchange Act of 1934 on the US market ecosystem. From the registration requirements for securities offerings to the disclosure obligations imposed on corporations, they will explore how these regulations have shaped the financial landscape, influenced corporate behaviour, and influenced investment practices over the decades.
