Securities and Exchange Commission

Protecting your stock since June of '34

Purpose:

The purpose of the SEC is to restore investor confidence in by ending misleading sales practices and stock manipulations that lead to the stock market collapse. The SEC prohibits the buying of stock without adequate funds to pay for it. The commission now also acts as adviser to the court in corporate bankruptcy cases.

Stock Market

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Wall Street

The stock market is regulated on Wall Street. Brokers (or stock traders) work on Wall Street. At this time, a lot of companies practiced corrupt practices and costed investors a lot of money.
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Black Tuesday

On October 29th, 1929 the stock market crashed. A total of $25 billion was lost. This day is known as "Black Tuesday."