Under which law was the SEC created?

The Securities and Exchange Commission (SEC) was created under the Securities Exchange Act of 1934. This Act was established in response to the stock market crash of 1929 and the subsequent Great Depression, with the primary aim of restoring public confidence in the financial markets.

The SEC's formation was a significant step in regulating the securities industry, as it provided a federal agency with the authority to oversee market activities, enforce securities laws, and protect investors. The 1934 Act focused on regulating the trading of securities after they have been issued, ensuring transparency in the marketplace and requiring companies to provide complete and accurate information to investors.

While the Securities Act of 1933 was also pivotal in establishing guidelines for the issuance of new securities and aimed at preventing fraud during the initial sale of securities, it did not establish the SEC itself. Other acts mentioned, such as the Gramm-Leach-Bliley Act and the Securities Investor Protection Act of 1970, addressed different aspects of financial regulation and investor protections but were not responsible for the creation of the SEC.