Before the Great Depression of the 1930s, the public was often victimized by misinformation about the true condition and intent of companies coming to market with new stock and bond issues.

Question

Quizplus · Accepted Answer

Before the Great Depression, there was little regulation on the securities industry, allowing companies to provide misleading or incomplete information about their financial health and intentions when issuing new stocks and bonds, often leading to investor victimization.

Before the Great Depression of the 1930s, the Public Was