Invested by unknow

Author:unknow
Language: eng
Format: epub
Tags: BUS000000 BUSINESS & ECONOMICS / General, BUS023000 BUSINESS & ECONOMICS / Economic History, BUS029000 BUSINESS & ECONOMICS / Free Enterprise & Capitalism, HIS000000 HISTORY / General
Publisher: University of Chicago Press
Published: 2022-12-06T00:00:00+00:00

The cornerstone laws that burned the imperative of “disclosure” onto the psyche of American business and finance were the Securities Act of 1933, which required registration of securities offerings with the Federal Trade Commission and public disclosure of material financial information about issuers; the Glass-Steagall Act of 1933, which erected a fire wall separating investment and commercial banking functions; and the Securities Exchange Act of 1934, which established the Securities and Exchange Commission and required stock exchanges to get approval of their rules and also required companies to make public detailed information about their financial performance.162

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