Terrance

How are we going to control the stock market? How are we going to regulate and enforce laws? I will tell you how we are going to, we are constructing the SEC. This stands for Securities and Exchange Commission. This agency will enforce securities and it will regulate securities industry. But the main reason for the SEC is to regulate the stock market. We will give the SEC the power to license and regulate stock exchanges. Our stock market will be much more secure once the SEC is put into act. They will also be able to punish companies or individuals for false information, accounting fraud, and any other failure to follow securities laws. We are creating this agency to insure that the stock market doesn’t crash again. Therefore no American in the future shall have to endure the hardships we have had to live through during this long and tedious depression. The stock market is as ready as it has ever been and it is safe to get back out there and invest. We need everyone to form together to get this great country back on track. SEC will be able to make sure we don’t have any other problems like the depression. The banks will have your money when you need it. The stock market having another melt down like this is not acceptable and I will not allow it to happen to you all my fellow Americans. This is why I am proposing the SEC to keep America running and strong.

“President Roosevelt, 1934”

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