What was a primary goal of the Securities Act enacted after the 1929 market crash?

The primary goal of the Securities Act enacted after the 1929 market crash was to ensure more transparency in financial statements for informed investment decisions. In response to the financial turmoil and widespread fraud that characterized the stock market prior to the crash, the legislation aimed to restore public confidence in the securities markets.

This was achieved by requiring companies to disclose significant financial information about their operations, and their securities offered for public sale. By mandating that accurate and comprehensive information be available, investors could make better-informed decisions, thus facilitating a more transparent and trustworthy market environment.

With this act, the federal government sought to establish rules that would help protect investors from deceitful practices and misrepresentation, thereby promoting stability in the financial markets. This increased level of transparency was essential to prevent future crashes and ensure that the market operated fairly and efficiently.