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... e SEC to clean up the bell stone.

  After the stock market crash in 1929, the U.S. government learned from the painful experience and began to crack down on all kinds of shady things in the capital market. The Securities Act of 1933 and the Exchange Act of 1934 established the Securities and Exchange Commission, the SEC. The agency that governs capital markets has almost unlimited powers and is directly accountable to the president. It can investigate anyone and any object, and the partie ...

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