Congress Enacted Legislation in 1933 to Regulate the Securities Industry

question 23

Multiple Choice

Congress enacted legislation in 1933 to regulate the securities industry and prohibit various forms of fraud with securities.The Securities Exchange Act of 1934 was passed a year later.This law created the Securities and Exchange Commission (SEC) as an independent regulatory entity whose function is to administer the two laws.The SEC has generated rules and regulations to administer these acts.These rules and regulations are

• A)statutes.
• B)administrative law.
• C)executive orders.
• D)common law.

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Definitions:

Labor Disputes

Conflicts between employees (often represented by unions) and their employers regarding working conditions, wages, and other employment issues.

WWII

The global conflict that occurred from 1939 to 1945, involving most of the world's nations, including all of the great powers, eventually forming two opposing military alliances: the Allies and the Axis.

Revolutionary Union

A revolutionary union is a labor organization that seeks radical change in society and workplaces, often aiming for the overthrow of existing social, economic, and political systems in favor of more egalitarian alternatives.

Business Union

A type of labor union primarily focused on negotiating better wages, benefits, and working conditions for its members, often within a specific industry or sector.