Question

When did the Agency Relationship Disclosure Law become effective?

Answer 1

The Agency Relationship Disclosure Law, also known as the Securities Act, became effective on May 27. This law established legal standards for the disclosure of information relevant to publicly traded securities, such as stocks and bonds.

Step-by-step explanation:

The Agency Relationship Disclosure Law, also known as the Securities Act, became effective on May 27. This law established legal standards for the disclosure of information relevant to publicly traded securities, such as stocks and bonds. It paved the way for the creation of the Securities and Exchange Commission (SEC), which regulates the investment industry.