1933 Securities Act

The Securities Act of 1933 was a landmark law in the United States aimed at ensuring transparency in financial markets. It required companies to provide clear information about their securities (like stocks and bonds) before selling them to the public. This was intended to protect investors from fraud by making sure they had access to necessary information to make informed decisions. The Act established rules for registration and disclosure, promoting honesty and trust in the financial system, especially in the aftermath of the Great Depression when many investors were misled.