Government Regulation And The Stock Market
Government Regulation And The Stock Market
In a bank that is a member of the Federal Deposit Insurance Corporation (F.D.I.C.), a depositor has a flat guarantee from the U.S. Government that he can always get his money back, and promptly. But in corporate stocks and bonds, the government guarantees nothing. The main effort of the S.E.C. is in the direction that anyone selling stocks or bonds must not conceal or omit important facts; he must make
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