Administrative lawCongress enacted legislation in 1933 to regulate the securities industry and prohibit various forms of fraud with securities. The Securities Exchange Act of 1934 was passed a year later. This law created the Securities and Exchange Commission (SEC) as an independent regulatory entity whose function is to administer the two laws. The SEC has generated rules and regulations to administer these acts. These rules and regulations are T/F

TRUE

Explanation:

The United States of America investigated security trading after the stock market crash of 1929. The securities act of 1933 was enacted in the process and the security exchange act of 1934 was passed by the congress a year later.

The security exchange act led to the creation of Securities and Exchange Commission. The rules and regulations are established to promote disclosure and sharing of market-related information, fair dealing, and protection against fraud.

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