AC116 Unit 10 DB Post Initial
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Liberty University *
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Course
AC114
Subject
Law
Date
Jan 9, 2024
Type
docx
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2
Uploaded by BaronDangerFrog15
How many enforcement actions does the SEC take each year
against securities law violators? What are the typical
infractions?
The SEC takes thousands of enforcement actions against securities law violators each year. The most common types of infractions include fraudulent transactions, false claims, insider trading, accounting fraud, and
market manipulation. The SEC also takes enforcement actions against individuals and companies that violate securities laws related to investment advisors, broker-dealers, and exchanges. The SEC's enforcement actions are designed to protect investors and maintain the integrity of the securities markets.
After the Great Depression, Congress passed the Securities Acts of
1933 and 1934 to improve investor confidence in the markets.
What two “common sense” notions are these laws based on?
According to the U.S. Securities and Exchange Commission (n.d.), the
Securities Acts of 1933 and 1934 were enacted to restore investor confidence in the markets following the 1929 stock market crash. These laws are based on two fundamental principles:
I.
Transparency and Disclosure: Investors should have access to accurate and complete information about the companies they invest in.
II.
Fairness and Prevention of Fraud: All investors should be treated fairly and have equal access to information. Manipulative practices
should be prohibited to protect investors.
Who was the President of the United States at the time of the
creation of the SEC? Who was the first SEC chairperson? Who is the
current SEC chairperson?
Franklin D. Roosevelt signed the Securities Exchange Act of 1934 into law on June 6, 1934, establishing the Securities and Exchange Commission (SEC, n.d.). Joseph P. Kennedy served as the first SEC chairperson from 1934 to 1935. Gary Gensler is the current SEC chairperson, having been appointed by President Joe Biden in 2021.
Home
. SEC Emblem. (2017, February 5). https://www.sec.gov/
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