What is Securities Law?
Changes in securities law often follow scandal or market collapse. The stock market crash of 1929 sparked the United States government’s attempt to address fraud, at the federal level, in the realm of the securities markets for the first time in an organized way. More recently, the Sarbanes-Oxley Act of 2002 and the Dodd-Frank Wall Street Reform and Consumer Protection Act have been passed in response to 21st century financial crises. While securities law may seem (and often is) highly specialized, it is an area of the law that has an extremely wide reach in terms of impact due to the role that the financial markets play in the lives of everyday citizens.
For additional information, see also our Corporate Goverance guide.