the role of federal securities regulation

James (Jim) Holden utilizes years of legal experience to serve as the chief deputy treasurer and general counsel for the Indiana state treasurer. In this role, Jim Holden has developed expertise in contract and tax law, as well as knowledge of securities laws and regulations. Securities regulation is an area of federal and state law that seeks to maintain fair markets by governing securities transactions conducted by brokers, dealers, and principal shareholders.

After the Great Depression, Congress introduced the initial securities laws under the Federal Securities Act of 1933, which regulates interstate commerce in terms of the public sale of securities. The legislation also requires that securities be registered with the Securities and Exchange Commission prior to the proposed or actual sale.

To enforce these regulations, Congress

passed the Securities Exchange Act of

1934, through which it established the

Securities and Exchange Commission

(SEC). The SEC has since been enforcing

registration requirements so that

securities buyers can make informed

decisions based on the data companies

provide.