During the height of the Great Depression in the United States, on May 27, 1933, the Federal Securities Act was signed into law. The act required that any securities register with the Federal Trade Commission, hoping that this would promote stability in the stock market once again. The government wanted to stimulate investment once again, though unemployment and poverty were still more important for American citizens.
Today In History- May 27
The U.S. Federal Securities Act is signed into law requiring securities registration with the FTC.
Federal Securities Act regulates securities registration.
- Washington D.C., USA
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