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Question

The Federal Securities Act created which of the following in an effort to reform business and guard against another stock market crash?

A
The Agricultural Adjustment Administration
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B
The Civilian Conservation Corps
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C
The Federal Emergency Relief Administration
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D
The Securities and Exchange Commission
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E
The National Industrial Recovery Act
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Solution

The correct option is D The Securities and Exchange Commission
The U.S. Securities and Exchange Commission (SEC) is an independent federal government agency responsible for protecting investors, maintaining fair and orderly functioning of the securities markets, and facilitating capital formation.

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