may 27, 1933 - The Federal Securities Act
Description:
This act was meant to protect investidors after the stock market crashed. They wanted to protect them by creating a system that would avoid misrepresentation and frauds. Also, they tryed to do transparency in the investing processes, so the investors knew what was really going on.Added to timeline:
Date:
may 27, 1933
Now
~ 92 years ago