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The Securities Act of 1933

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The Securities Act of 1933

The Securities Act of 1933 came about after The Crash. You know, the big one in the '20s. The one with soup kitchens, long lines of men waiting for a hand out from the government, dig-a-hole and fill-it-up government spending, and the Joads.

Stocks were public that had no business being public, as they were hideously unregulated—and many unsophisticated investors got hurt. This mess resulted in the creation of a bunch of laws, and the 1933 Act was all about the regulation of new securities. T...

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