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Securities & Exchange Commission established

The Securities Exchange Act of 1934 (also called the Exchange Act, '34 Act, or 1934 Act) (Pub. L. 73–291, 48 Stat. 881, enacted June 6, 1934, codified at 15 U.S.C.

The Securities Exchange Act of 1934 (also called the Exchange Act, '34 Act, or 1934 Act) (Pub. L. 73–291, 48 Stat. 881, enacted June 6, 1934, codified at 15 U.S.C. § 78a et seq.) is a law governing the secondary trading of securities (stocks, bonds, and debentures) in the United States of America. A landmark piece of wide-ranging legislation, the Act of '34 and related statutes form the basis of regulation of the financial markets and their participants in the United States. The 1934 Act also established the Securities and Exchange Commission (SEC), the agency primarily responsible for enforcement of United States federal securities law.

Companies raise billions of dollars by issuing securities in what is known as the primary market.

Historical Significance

The Securities Exchange Act of 1934 (also called the Exchange Act, '34 Act, or 1934 Act) (Pub.

Events Before

  1. "Cavalcade" based on the play by Noël Coward, directed by Frank Lloyd and starring Diana Wynyard and Clive Brook premier

    "Cavalcade" based on the play by Noël Coward, directed by Frank Lloyd and starring Diana Wynyard and Clive Brook premieres in New York (Best Production/Picture 1934)

  2. Cricket's Bodyline Tour: Australian batsman Bert Oldfield suffers a fractured skull after being struck by a ball bowled

    Cricket's Bodyline Tour: Australian batsman Bert Oldfield suffers a fractured skull after being struck by a ball bowled by England's Harold Larwood during the Third Test in Adelaide

  3. The name "Pakistan" is coined by Choudhry Rahmat Ali and gradually accepted by Muslims in the Indian subcontinent, who u

    The name "Pakistan" is coined by Choudhry Rahmat Ali and gradually accepted by Muslims in the Indian subcontinent, who use it to push for a separate Muslim homeland in South Asia

  4. President Paul von Hindenburg appoints Adolf Hitler as Reich Chancellor of Germany who forms a government with Franz von

    President Paul von Hindenburg appoints Adolf Hitler as Reich Chancellor of Germany who forms a government with Franz von Papen

  5. Nazi Germany's parliament building, the Reichstag, is destroyed by fire, possibly set by the Nazis, who blame and execut

    Nazi Germany's parliament building, the Reichstag, is destroyed by fire, possibly set by the Nazis, who blame and execute Dutch communist Marinus van der Lubbe

Events After

  1. David McKee is born

    David McKee, British writer and illustrator, known for british writer and illustrator, was born on 1935-01-02.

  2. 1st Orange Bowl: Bucknell beats Miami (FL), 26-0

    1st Orange Bowl: Bucknell beats Miami (FL), 26-0

  3. RADAR (Radio Detection and Ranging) is first demonstrated by Robert Watson-Watt and Arnold Wilkins in Daventry, England

    RADAR (Radio Detection and Ranging) is first demonstrated by Robert Watson-Watt and Arnold Wilkins in Daventry, England

  4. Adolf Hitler orders German rearmament in violation of the Treaty of Versailles

    German rearmament was a policy and practice of rearmament carried out by Germany from 1918 to 1939 in violation of the Treaty of Versailles, which required German disarmament after World War I to…

  5. Nazi politician Hermann Goering (42) weds Emmy Sonnemann (42) in Berlin

    Nazi politician Hermann Goering (42) weds Emmy Sonnemann (42) in Berlin

More from the 1930s

birth

David McKee is born

David McKee, British writer and illustrator, known for british writer and illustrator, was born on 1935-01-02.

birth

Jim Bakker is born

Jim Bakker televangelist, known for american televangelist, was born on 1939-01-02. James Orsen Bakker is an American televangelist and convicted felon.

birth

Roger Miller is born

Roger Miller, American musician, known for american country musician, was born on 1936-01-02. Roger Dean Miller Sr.

Claus von Stauffenberg is promoted to Second Lieutenant

Claus Philipp Maria Justinian Schenk Graf von Stauffenberg was a German army officer who is best known for his failed attempt on 20 July 1944 to assassinate Adolf Hitler at the Wolf's Lair, part of...

Frequently Asked Questions

What happened on June 6, 1934?
The Securities Exchange Act of 1934 (also called the Exchange Act, '34 Act, or 1934 Act) (Pub. L. 73–291, 48 Stat.
Why is Securities & Exchange Commission established significant?
The Securities Exchange Act of 1934 (also called the Exchange Act, '34 Act, or 1934 Act) (Pub.

Explore More

June 6 in HistoryYear 1934