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Alba Lika Dr. Basoglu Cost Accounting Extra credit Report December 9, 2010 The recent second requirements for adopting XBRL Before the Great Depression of the 1930s federal regulations of the securities commercialises were non as developed as they are today. When the stock merchandise crashed public confidence in the markets went down the drain as well. Investors large and small, as well as the banks who had loaned to them, lost long sums of money during this time. Everyone agreed that in order for the economy to recover, something necessitate to be done to restore the publics credit in the swell markets. Hearings were held by congress to discuss the difficulty and try to come up with solutions. As a prove of these hearing the Securities Act of 1933 and the Securities Exchange Act of 1934 were passed by Congress. In this way the endorsement was created. It was designed to restore investor confidence in our capital markets by providing investors and the markets with more reliable information and displace rules of honest dealing. Congress established the Securities and Exchange military commission to put through the newly-passed securities laws, to promote stability in the markets and, most importantly, to protect investors. Joseph P. Kennedy was establish to serve as the first Chairman of the SEC.

The U.S. Securities and Exchange Commission (the SEC) states that its mission is to protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation. In the United States, the Securities and Exchange Commission is a national agency which regulates the sale and trade of securities and similar investments. The SEC protects investors and promotes market development with the aim of maintaining Americas global role. Headquartered in Washington, D.C., the SEC has a governing staff of five appointed commissioners and 11 regional offices which amend and enforce laws pertaining to investments. (Smith) Though it is the primary overseer and regulator... If you want to get a full essay, order it on our website: Ordercustompaper.com

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