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Finance: What is The Securities Amendments Act Of 1975? 9 Views
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Description:
The Securities Amendments Act of 1975 created a national market clearing system to standardize stock prices and transaction costs from state to state.
- Social Studies / Finance
- Finance / Financial Responsibility
- College and Career / Personal Finance
- Life Skills / Personal Finance
- Finance / Finance Definitions
- Life Skills / Finance Definitions
- Finance / Personal Finance
- Courses / Finance Concepts
- Subjects / Finance and Economics
- Finance and Economics / Terms and Concepts
- Terms and Concepts / Banking
- Terms and Concepts / Board of Directors
- Terms and Concepts / Bonds
- Terms and Concepts / Careers
- Terms and Concepts / Credit
- Terms and Concepts / Ethics/Morals
- Terms and Concepts / Incorporation
- Terms and Concepts / Investing
- Terms and Concepts / Regulations
- Terms and Concepts / Trading
Transcript
- 00:00
finance a la shmoop what is the Securities Amendments Act of 1975
- 00:08
alright people before 1975 we're thinking Nixon era here trading stocks [People greeting Nixon]
- 00:14
was very much a regional thing New York was the Sun and the rest of the world
- 00:20
well more or less just orbited the 1975 Act created a national market clearing [Countries orbiting galaxy]
- 00:25
system so that a share of IBM traded for generally the same price in California
Full Transcript
- 00:30
Georgia New Hampshire and New York this way smaller less liquid regional systems [US states appear beside IBM]
- 00:37
or regional pieces or regional trading bins weren't penalized with higher
- 00:42
transaction costs than you know those suit-and-tie wearing wolves on Wall [Transaction costs crossed out]
- 00:47
Street and that's pretty much it that's what the 1975 securities Amendment Act
- 00:51
was all about basically it just was passed to ensure that the SEC would
- 00:55
consider any new regulation that might come down the pike from that point
- 00:59
forward in terms of fairness across a level playing field [Moving through a tunnel]
- 01:03
nationally yeah fairness or the wind [Football player placing football on the field]
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