Securities Exchange Act
- Securities Exchange Act
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Le Securities Exchange Act est une importante loi fédérale américaine votée en 1934 et régulant les marchés financiers secondaires. Elle fait suite aux Securities Act de 1933 qui régulait les marchés primaires. Certains des principes et organismes auxquels elle a donné naissance sont toujours d'actualité : c'est en particulier dans le cadre de cette loi qu'a été créée la Securities and Exchange Commission (SEC), organisme de contrôle des marchés financiers toujours actif à l'heure actuelle (2008).
Ces deux lois signées en 1933 puis 1934 sont le fruit d'une volonté de mieux réguler les marchés de capitaux au cours des premières années de la présidende de Franklin Delano Roosevelt, alors que les États-Unis sont plongés dans une grave crise financière et économique.
Lors du krach boursier d'octobre 1929, les machines en usage ne parvenaient plus pas à taper assez vite le cours des actions. La société Teleregister Corporation bénéficie d'un cycle de renouvellement, encouragé par le Securities Exchange Act et Richard Whitney, le président du New York Stock Exchange, afin de pouvoir conserver des historiques de cours, permettant d'analyser les dysfonctionnements du marché[1].
Notes et références
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