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History of the United States II / Unit 11   USH2 1515 short lesson, about 20 seconds

The Securities Act

Captions available

The idea

The Securities Act of nineteen thirty-three required corporations and investment banks selling stocks and bonds to disclose full information to the federal government.

In practice

A buyer of shares entitled to know what the company was selling.

Where people slip

The anchor's table pairs it with the Securities and Exchange Commission, which regulates stock trading; Digital History credits the commission with protecting millions of small investors.

Your place on the trail

Every lesson rests on earlier ones and opens later ones. Tap any to jump.

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