Securities Act 1934
Which act created the Securities and Exchange Commission (SEC)?
1934 Act = Created SEC + regulates secondary market.
Complete Analysis & Legal Rationale
The Securities Exchange Act of 1934 created the SEC and regulates secondary market trading, broker-dealers, and exchanges.
Distractor Autopsy (Why Other Options Are Traps)
FINRA exam writers design incorrect distractors using specific calculation mistakes and regulatory misconceptions. Review why each option succeeds or fails:
The 1933 Act was passed before the SEC existed - it was enforced by the FTC initially.
Accurately reflects standard governing principles and verified criteria.
The Investment Company Act regulates mutual funds and other investment companies.
The Investment Advisers Act regulates investment advisers, not the SEC itself.
Official Standard: Primary source referenced in the authored explanation (Securities Exchange Act of 1934).