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Congress passed the Securities Act of 1933 to force issuers to disclose every ma
Featured Event 1934 Event

June 6

SEC Established: FDR's New Deal Regulates Wall Street

Congress passed the Securities Act of 1933 to force issuers to disclose every material fact about their offerings, shifting power from state "merit reviews" to a national standard of transparency. This legislation established strict liability for anyone signing a registration statement, ensuring investors received complete financial data before buying securities and preventing the concealment of risks that fueled the Great Depression.

June 6, 1934

92 years ago

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What Else Happened on June 6

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