B. Both programs regulated institutions where individuals placed their money.
The Glass-Steagall Act and the Securities Exchange Act were both regulatory measures enacted by the US government in response to the Great Depression of the 1930s. The Glass-Steagall Act established the Federal Deposit Insurance Corporation (FDIC) to provide insurance on bank deposits, and also separated commercial banking from investment banking in order to prevent conflicts of interest and reduce the risk of bank failures. The Securities Exchange Act created the Securities and Exchange Commission (SEC) to regulate securities markets and protect investors from fraud and manipulative practices.
Both programs aimed to regulate financial institutions and protect the interests of consumers and investors. The Glass-Steagall Act regulated commercial and investment banking, while the Securities Exchange Act regulated the sale and trading of securities. Both programs were designed to prevent another financial crisis and restore confidence in the US financial system.