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k0ka [10]
3 years ago
11

Why was the Securities Exchange Commission (SEC) created?

History
1 answer:
Tcecarenko [31]3 years ago
4 0

Securities Exchange Commission (SEC) created to Regulate the stock market .

<h3><u> Explanation:</u></h3>

Securities and Exchange Commission was created to regulate the stock market of the USA. It stands as a watchdog which surveys over security transactions to stop fraud and deception. The main motto of the SEC is said to be the prevention of deceptive and manipulative fraudulent practices of the stock market and also the monitoring of the takeover of corporate companies in the financial market.

Generally, the issue of securities to investors happens over the internet or in the mail. SEC checks whether the firm selling such securities are registered with SEC or not. Registration with SEC ensures that the firm issuing such securities are not engaged in any fraudulent activities.

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3 years ago
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snow_tiger [21]

Answer:

Explanation:

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Following the declaration of secession by South Carolina on December 20, 1860, its authorities demanded that the U.S. Army abandon its facilities in Charleston Harbor. On December 26, Major Robert Anderson of the U.S. Army surreptitiously moved his small command from the vulnerable Fort Moultrie on Sullivan's Island to Fort Sumter, a substantial fortress built on an island controlling the entrance of Charleston Harbor. An attempt by U.S. President James Buchanan to reinforce and resupply Anderson using the unarmed merchant ship Star of the West failed when it was fired upon by shore batteries on January 9, 1861. South Carolina authorities then seized all Federal property in the Charleston area except for Fort Sumter.

During the early months of 1861, the situation around Fort Sumter increasingly began to resemble a siege. In March, Brigadier General P. G. T. Beauregard, the first general officer of the newly formed Confederate States Army, was placed in command of Confederate forces in Charleston. Beauregard energetically directed the strengthening of batteries around Charleston harbor aimed at Fort Sumter. Conditions in the fort deteriorated due to shortages of men, food, and supplies as the Union soldiers rushed to complete the installation of additional guns.

The resupply of Fort Sumter became the first crisis of the administration of the newly inaugurated U.S. President Abraham Lincoln following his victory in the election of November 6, 1860. He notified the Governor of South Carolina, Francis W. Pickens, that he was sending supply ships, which resulted in an ultimatum from the Confederate government for the immediate evacuation of Fort Sumter, which Major Anderson refused. Beginning at 4:30 a.m. on April 12, the Confederates bombarded the fort from artillery batteries surrounding the harbor. Although the Union garrison returned fire, they were significantly outgunned and, after 34 hours, Major Anderson agreed to evacuate. There were no deaths on either side as a direct result of this engagement, although a gun explosion during the surrender ceremonies on April 14 caused the death of two U.S. Army soldiers.

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this website should help

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