The law that gave the SEC the power to regulate trading on all national security exchanges was the
A) Maloney Act of 1938.
B) Securities Exchange Act of 1934.
C) Securities Act of 1933.
D) Investment Company Act of 1940.
E) Federal Securities Act of 1964.

Question

Quizplus · Accepted Answer

The Securities Exchange Act of 1934 gave the SEC the power to regulate trading on all national security exchanges. The Maloney Act of 1938 amended the 1934 Act, but did not specifically grant the SEC additional power to regulate trading on national security exchanges. The Securities Act of 1933 and the Investment Company Act of 1940 deal with registration and regulation of securities and investment companies, respectively, but do not specifically address trading on national security exchanges. The Federal Securities Act of 1964 amended the 1934 Act, but again did not specifically grant the SEC additional power to regulate trading on national security exchanges.

The Law That Gave the SEC the Power to Regulate