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Simple English definitions for legal terms

Securities law history

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A quick definition of Securities law history:

The government created laws to regulate securities after the stock market crash of 1929 and the Great Depression that followed. Before the crash, companies sold stocks to investors with promises of big profits, but often without telling them important information about the company. This led to a frenzy of buying and selling that ended in disaster. The Securities Act of 1933 and the Securities Exchange Act of 1934 were created to prevent this from happening again. These laws require companies to give investors information about their securities and themselves. The Securities and Exchange Commission (SEC) was also created to regulate the securities industry and enforce the laws. Each state also has its own securities laws, but they may be different from federal laws. Investors can sue for fraud if they are given false information.

A more thorough explanation:

Securities law is a set of laws that regulate the buying and selling of stocks, bonds, and other investments. The need for securities law arose after the stock market crash of 1929, which led to the Great Depression. Before the crash, companies would sell stocks to investors without disclosing important information about the company. Brokers would then sell these stocks to investors, promising large profits without any real basis. This led to a speculative frenzy that ended in the market crash.

In response to this, Congress enacted the Securities Act of 1933 and the Securities Exchange Act of 1934. These laws require companies to disclose information about themselves and the securities they issue. The Securities and Exchange Commission (SEC) was also created to regulate the securities industry and enforce federal law and its own rules.

State laws also exist, known as blue sky laws, which regulate securities at the state level. However, federal law often preempts state law, requiring investors to sue in federal court and under federal law.

For example, in New York, the Martin Act only allows the Attorney General to bring a suit for violations. Individual investors must bring private suits for common-law fraud law in order to recover. This illustrates the differences between state and federal securities laws and the need for federal regulation.

Securities fraud | Security

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Dkk
19:42
SEO is big money
2016 pushed the conservative party into populism irreversibly
Dkk
19:43
Maybe, but if this is populism, then every election is populist.
19:43
@Dkk: yeah register 1 website and every swinging tom dick and harry calls/emails/texts to 'help with seo'. like bruh, if YOU found it, what i am doing is working
Dkk
19:43
Indeed!
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
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