A Primer on Antitrust and Securities Laws

The Securities Exchange Act of 1934 provided regulations on __________.

brokerages and stock exchanges

The Trust Indenture Act of 1939 provided regulations on __________.

debt securities

The Investment Company Act of 1940 provided regulations on __________.

mutual funds

The Investment Advisers Act of 1940 provided regulations on

people working as financial advisors

When passing antitrust laws, the government's intention was not to control businesses, but to __________ them in a manner that would allow economic growth and protect the public from price fixing and fraudulent investments.

regulate

In 1914, the same year the Clayton Antitrust Act was passed, the __________ was formed to investigate businesses accused of illegal activity and punish them for it.

Federal Trade Commission

__________ control prices, supply, and quality.

Monopolies

Which of the following is a federal securities law?

Securities Exchange Act of 1934 Investment Company Act of 1940

To retaliate against the __________, some businesses that were once in trusts began to merge with other companies in their industry, thus creating fewer companies from which consumers could buy a particular commodity.

Sherman Antitrust Act

The __________ of 1890 was the first substantial federal government legislation to promote competition in business and to start to break the hold of monopolistic interests.

Sherman Antitrust Law

Which of the following is not a true reason behind the passage of antitrust laws?

The government wanted to have a hand in controlling prices in the free market The government wanted to have a hand in controlling prices in the free market

Which of the following is not true about trusts?

They were government controlled They were popular with most consumers

Which of the following industries is historically controlled by a trust?

Tobacco Oil