Why was the united States Secretary and exchange commission established in the great depression?

The United States Securities and Exchange Commission (SEC) was established in response to the Stock Market crash of 1929 and the subsequent Great Depression to restore public confidence in the financial markets. It aimed to regulate and oversee the securities industry, ensuring transparency, preventing fraud, and protecting investors. By enforcing securities laws and requiring companies to disclose financial information, the SEC sought to create a more stable and trustworthy financial system.