Securities Acts Amendments of 1975

The Securities Acts Amendments of 1975 is an act of Congress. It was passed as a United States Public Law (Pub.L. 94–29) on June 4, 1975, and amended the Securities Act of 1933 (15 U.S.C. § 77a et seq.) and the Securities Exchange Act of 1934 (15 U.S.C. § 78a et seq.). The Securities Acts Amendments imposed an obligation on the Securities and Exchange Commission to consider the impacts that any new regulation would have on competition.[1] The law also empowered the Securities and Exchange Commission (SEC) to establish a national market system and a system for nationwide clearance and settlement of securities transactions, enabling the SEC to enact Regulation NMS, and created the Municipal Securities Rulemaking Board (MSRB), a self-regulatory organization that writes investor protection rules and other rules regulating broker-dealers and banks in the United States municipal securities market.

References
  1. Goldberg, Lawrence G.; White, Lawrence J. (2003). The Deregulation of the Banking and Securities Industries. Beard Books (reissue). ISBN 978-1587981678.

See also


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