Week 3 Post 3

Choose an oppposing argument, and argue in defense of your original position d L-Z last names argue against A-K post

ADAM.

Investors are mainly protected by The Securities Act of 1933 which was designed to: “require that investors receive financial and other significant information concerning securities being offered for public sale; and prohibit deceit, misrepresentations, and other fraud in the sale of securities.” (SEC.gov)

Consumers have The Dodd-Frank Wall Street Reform and Consumer Protection Act. “This was signed into law on July 21, 2010 by President Barack Obama. The legislation set out to reshape the U.S. regulatory system in a number of areas including but not limited to consumer protection, trading restrictions, credit ratings, regulation of financial products, corporate governance and disclosure, and transparency.” (SEC.gov)

The financial market is protected by The Securities Exchange Act of 1934. “The Act also identifies and prohibits certain types of conduct in the markets and provides the Commission with disciplinary powers over regulated entities and persons associated with them. It also empowers the SEC to require periodic reporting of information by companies with publicly traded securities.” (SEC.gov)

Of course there are multitudes of different acts and reforms to cover each one of these members of the business and investment world, but these were key pieces of legislation, some of which have held up for over 80 years.

WC: 200

SEC. The Laws That Govern the Securities Industry. Retrieved from https://www.sec.gov/answers/about-lawsshtml.html#jobs2012