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They have jurisdiction over trading of securities, which shares of private companies are... The Securities Exchange Act regulates the general-public trade in se
by cosgroveb 16y ago
They have jurisdiction over trading of securities, which shares of private companies are... The Securities Exchange Act regulates the general-public trade in securities and amendments have extended the SECs mandate to include OTC trades as well as regulate companies that aren't listed on exchanges.
- sabat 16y agoI didn't realize that -- seems like government overreach to me (a political moderate).
- cosgroveb 16y agoPerhaps, but keep in mind that a lot of these regulations were enacted during times of economic crisis (the original Act was passed during the Great Depression).
- endlessvoid94 16y agoInteresting. It seems to me that they should only then be utilized in similar economic climates.
- yummyfajitas 16y agoThis seems like a good argument against passing laws in response to a crisis. (See also: http://en.wikipedia.org/wiki/Sedition_Act_of_1918 http://en.wikipedia.org/wiki/Sedition_Act_of_1918 http://en.wikipedia.org/wiki/Patriot_act http://en.wikipedia.org/wiki/Patriot_act )