Creation of the Securities and Exchange Commission

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The Creation of the Securities and Exchange Commission was a landmark New Deal reform that established a federal agency to regulate U.S. financial markets and restore investor confidence after the 1929 stock market crash.

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Predicate Object
instanceOf New Deal reform
financial regulatory reform
historical event
aimedAt curbing market manipulation
improving transparency in financial reporting
reducing fraudulent securities offerings
country United States of America
surface form: United States
establishedAgency Securities and Exchange Commission
hasEffect enhanced enforcement against insider trading
federal oversight of securities exchanges
mandatory corporate disclosure requirements
registration of securities offerings
regulation of broker-dealers
regulation of stock exchanges
hasLongTermImpact increased federal role in financial markets
model for securities regulators in other countries
modern framework of U.S. securities regulation
hasOutcome establishment of the U.S. Securities and Exchange Commission
hasProduct Securities and Exchange Commission
surface form: U.S. Securities and Exchange Commission
hasPurpose prevention of securities fraud
promotion of fair and orderly markets
protection of investors
regulation of U.S. securities markets
restoration of investor confidence
historicalContext Great Depression-era legislation
post-1929 crash financial reforms
implementedBy United States government
surface form: U.S. federal government

United States Congress
influencedBy Pecora hearings on Wall Street practices
public outrage over 1920s speculative abuses
legalBasis U.S. Securities Exchange Act of 1934
surface form: Securities Exchange Act of 1934
locatedInJurisdiction federal jurisdiction of the United States
motivatedBy 1929 stock market crash
Great Depression
partOf New Deal
U.S. financial regulatory reforms of the 1930s
precededBy U.S. Securities Act of 1933
surface form: Securities Act of 1933
proposedBy Roosevelt administration
surface form: Franklin D. Roosevelt administration
regulates U.S. securities markets
national securities exchanges
over-the-counter securities trading
startTime 1934
supportedBy President Franklin D. Roosevelt

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Roosevelt administration significantEvent Creation of the Securities and Exchange Commission