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As we have learned, many politicians and business people were aghast at the creation of the Securities Exchange Act of 1934

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As we have learned, many politicians and business people were aghast at the creation of the Securities Exchange Act of 1934. The Act created a myriad legal responsibilities and potential liabilities that would make an impact their business models. There are serious consequences for companies that don't comply with the Securities and Exchange Act of 1934. Though this Act was implemented nearly 100 years ago, it is still in effect today. Discuss the importance of the Act and how it helps to protect investors. What are the implications for companies that violate the Act?