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Finance Glossary

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Over 700 finance terms, Shmooped to perfection.

Securities Act 1933


Before this law, securities trading was the Wild West. Companies could lie about their shares and financials and do all kinds of other unethical things. This was the first major securities law, and it required companies to register before their shares could be sold to the public.

Suddenly, overseeing the securities market in the U.S. became possible.