How did the Securities Act of 1933 tame the wild speculation that had taken place in Wall Street?

A) It declared risky financial assets illegal.
B) It required stock -issuing companies to provide accurate information.
C) it imposed a tax on every stock exchange.
D) It made the traders on the floor federal employees.

Securities Act of 1933

is a U.S. law enacted to protect investors by requiring transparency in the financial statements of publicly traded companies.

Wall Street

A street in Lower Manhattan that is the original home of the New York Stock Exchange and represents the financial and investment community in the United States.

Financial Assets

Economic resources or investments owned with the expectation that they will provide future income or will increase in value, such as stocks, bonds, or real estate.