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Regulating Financial Markets - Coggle Diagram
Regulating Financial Markets
Federal Reserve Act of 1913
central bank in the United States. The law gave the Fed the primary responsibility for overseeing USA banking system.
Protect Investors and Improve Stability
the Banking Act of 1933 / the Glass-Steagall Act
Federal Deposit Insurance Corporation, which insured depositors against financial losses
Federal Deposit Insurance Corporation (FDIC)
insures up to $250,000 of your deposits per bank
Act banned commercial banks from dealing in securities markets, selling insurance, or otherwise competing with nondepository institutions such as insurance companies and investment banks
Financial Services Modernization Act of
1999
/ the Gramm-Bliley-Leach Act
Reversed / the Glass-Steagall Act
responded to the stock market crash that occurred in 1929
Securities Act of 1933
issuing new securities. It prohibited misrepresentation or other forms of fraud in the sale of newly issued stocks and bonds.
file a registration statement with the SEC
Securities Exchange Act of 1934
regulated the trading of previously issued securities.
law created the Securities and Exchange Commission (SEC)
gave it broad powers to oversee the securities industry.
file quarterly and annual financial reports with the SEC, and that brokers and dealers register with the SEC