Daily Archives: January 21, 2023, 9:52 am

The SEC Seeks to Supplant the Market – WSJ

The SEC’s mandate is vital but limited. Securities laws empower the commission to combat market abuses and fraud and to ensure that investors have material information to make their own investment judgments. As President Franklin D. Roosevelt explained when signing the Securities Act of 1933, “It is, of course, no insurance against errors of judgment. That is the function of…

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