Final answer:
The securities industry's primary regulatory body is the Securities and Exchange Commission (SEC). It was created under the Securities Exchange Act of 1934.
Step-by-step explanation:
The securities industry's primary regulatory body is the Securities and Exchange Commission (SEC). It was created under the Securities Exchange Act of 1934.
The SEC is responsible for regulating and supervising the sale of securities, as well as the brokers, dealers, and bankers who sell them.
Some key functions of the SEC include enforcing federal securities laws, promoting fair and transparent markets, protecting investors from fraud and unfair practices, and facilitating capital formation.