Which Congressional action directed the SEC to implement a national competitive securities market?

Question

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The Securities Act Amendments of 1975 directed the SEC to implement a national competitive securities market, also known as the National Market System (NMS). This was designed to improve the efficiency and fairness of the securities market by promoting competition among market centers and ensuring that investors have access to the best prices and execution quality. The other options listed did not specifically direct the SEC to establish a national competitive securities market.

Which Congressional Action Directed the SEC to Implement a National