Securities Exchange Act of 1934

violating security laws and defrauding investors. The SEC is in charge of "protecting investors, maintaining fair and orderly functioning securities markets, and functioning capital formation," and according to Securities Act of 1933 they " require that investors receive financial and other significant information concerning securities being offered for public sale;…

Beginning with Francis Townsend in 1934, a retired physician, who proposed a “cure for depressions” formed an Old-Age Revolving Pensions Corporation in which Townsend would require the government to send all citizens over the age of sixty a monthly pension of two hundred dollars. The unemployed…

Smoot-Hawley Tariff Act of 1930, which raised taxes on imported goods, forcing the general public to buy American goods. This in turn worsened the economy and lowered buying potential. In total, the Depression of the 1930’s had cut the United States’ industrial…

Economic crime continues to be a significant issue for the engineering and construction industry. In the beginning of this year, January 22, 2015, another violation of the FCPA took place. SEC encountered a FCPA case within the Engineering industry. Bribery case was against Walid Hatoum and Post, Buckley, Schuh and Jernigan (PBSJ) Corporation. PBSJ is one of Florida’s largest engineering designs firm; now known as The Atkins North America Holdings Corporation. The investigation was performed by…

government needed to do something before all the banks would collapse.The act alleviated the disruptions caused by bank failures and bank runs. It was important because it helped to maintain public confidence in the U.S banking system by giving depositors a way out if the bank fails, this would be a positive when moving forward in the future. Another act that they implemented was the Tennessee Valley Authority (TVA). This act was one of the most ambitious moves that President FDR did in The New…

The New Deal implemented in the United States of America in 1933-1934 and the second New Deal in 1935-1936 was to establish the Three R’s: Relief, Recovery and Reforms . The New Deal was successful to a certain extent in relieving Americans from the affects of the Great Depression but in certain ways was unconstitutional. The Great Depression is defined as a serve case of a recession and its biggest contributor was The Wall Street Crash . The Wall Street Crash occurred when Americans borrowed…

Martha Gellhorn witnessed the needs of the impoverished Americans of North Carolina in 1934. In her report she states, “The children have no shoes and that woman is terrified of the coming cold as if it were a definite physical entity.” Throughout the Great Depression many families were incapable of affording the basic necessities such…

Great Depression; however, many others believe the New Deal hurt the country. No matter the view, the New Deal changed America in a revolutionary way through the Glass-Steagall Act, the Civilian Conservation Corps, the National Recovery Administration, the Agricultural Adjustment Administration, and the Social Security Act. The New Deal consists of multiple economic and political policies created by FDR in an attempt to benefit America during the Great…

world and by 2004 was indicted on 11 counts of security, banking fraud. In 2002 SOX was passed in the United States. “Widely deemed the most important piece of security legislation since formation of the Securities and Exchange Commission in 1934, the landmark Sarbanes-Oxley Act of 2002 was born into a climate still reeling from the burst of the high-tech bubble and fraud scandals at Enron and WorldCom. “ Sarbanes-Oxley Act of 2002 (SOX) is an act passed by U.S. Congress in 2002 to protect…

appointed for another 3 to five years after their first term. There is also almost 70 staff members that assist the board members. ). FAF has charged FASB with the responsibility of looking for financial inconsistencies on behalf of the Securities and Exchange Commission (SEC) that has the authority to formulate and report financial guidelines for businesses across the United States. SEC’s dependency on the private sector led to the establishment of the seven-member board that regulates the…