We have changed our privacy policy. In addition, we use cookies on our website for various purposes. By continuing on our website, you consent to our use of cookies. You can learn about our practices by reading our privacy policy.
© 2016 Shmoop University, Inc. All rights reserved.
GO TO SAT PREP GO TO ACT PREP

Finance Glossary

Just call us Bond. Amortized bond.

Over 700 finance terms, Shmooped to perfection.

1934 Securities And Exchange Act

Definition:

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.