The Securities Exchange Act of 1934 is a federal law in the United States that regulates and governs the securities industry. It was enacted in response to the stock market crash of 1929 and the subsequent Great Depression, with the aim of restoring investor confidence in the financial markets. The act created the Securities and Exchange Commission (SEC), which is responsible for enforcing the provisions of the act and overseeing the securities industry.
One of the key objectives of the Securities Exchange Act of 1934 is to ensure transparency and fairness in the securities markets. The act requires companies that have securities listed on a national exchange to make regular financial disclosures to the public. This includes providing detailed information about their financial condition, business operations, and any material events or risks that may affect their stock price. The act also prohibits fraudulent and manipulative practices in connection with the buying and selling of securities.
Another important aspect of the Securities Exchange Act of 1934 is its regulation of securities exchanges and brokers. The act establishes a framework for the registration and regulation of securities exchanges, such as the New York Stock Exchange and Nasdaq. It also sets forth rules governing the activities of brokers, dealers, and other market participants. For example, the act requires brokerage firms to register with the SEC and adhere to certain standards of conduct, such as acting in the best interests of their clients.
Overall, the Securities Exchange Act of 1934 plays a crucial role in ensuring the integrity and stability of the securities markets. By promoting transparency, fairness, and accountability, it helps protect investors from fraud and manipulation while fostering confidence in the financial system. The act continues to be a cornerstone of securities regulation in the United States, providing a framework for regulating the securities industry and maintaining investor protection.
Nashville attorney Timothy L. Miles is a nationally recognized shareholder rights attorney raised in Nashville, Tennessee. Mr. Miles has dedicated his career to representing shareholders, employees, and consumers in complex class-action litigation. Whether serving as lead, co-lead, or liaison counsel, Mr. Miles has helped recover hundreds of millions of dollars for defrauded investors,shaped precedent-setting decisions, and delivered real corporate governance reforms. Judges and peers have repeatedly recognized Mr. Miles’ relentless advocacy for the underdog, as well as his unbendable ethical standards. Mr. Miles was recently selected by Martindale-Hubbell® and ALM as a 2022 Top Ranked Lawyer, 2022 Top Rated Litigator. and a 2022 Elite Lawyer of the South. Mr. Miles also maintains the AV Preeminent Rating by Martindale-Hubbell®, their highest rating for both legal ability and ethics. Mr. Miles is a member of the prestigious Top 100 Civil Plaintiff Trial Lawyers: The National Trial Lawyers Association,Class Action: Class Action: Top 9National Trial Lawyers, National Trial Lawyers Association (2023), a superb ratedattorney by Avvo, a recipient of the Lifetime Achievement Award by Premier Lawyers of America (2019) and recognized as a Distinguished Lawyer, Recognizing Excellence in Securities Law, by Lawyers of Distinction (2019); a Top Rated Litigator by Martindale-Hubbell® and ALM (2019-2022); America’s Most Honored Lawyers 2020 – Top 1% by America’s Most Honored (2020-2022). Mr. Miles has published over sixty articles on various issues of the law, including class actions, whistleblower cases, products liability, civil procedure, derivative actions, corporate takeover litigation, corporate formation, mass torts, dangerous drugs, and more. Please visit our website or call for free anytime.
The Law Offices of Timothy L. Miles
Tapestry at Brentwood Town Center
300 Centerview Dr., #247
Brentwood, TN 37027
Phone: (855) 846-6529
Email: [email protected]
HOURS OF OPERATION