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Finance Glossary

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Over 700 finance terms, Shmooped to perfection.

1934 Securities And Exchange Act


The Securities and Exchange Act of 1934 created the securities and investment world as we know it today.

It's the law that made the New York Stock Exchange a big deal with big powers, and it set up the Securities and Exchange Commission (SEC) to crack down on shady deals. (How successful they are is a matter of much debate at just about every family reunion.) The law also made insider trading illegal, thus paving the way for many exciting Wall Street movies.