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The Securities Act of 1933 and the Securities and Exchange Act of 1934 required public firms to provide adequate financial and business information to investors

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The Securities Act of 1933 and the Securities and Exchange Act of 1934 required public firms to provide adequate financial and business information to investors and shareholders reduced the personal liability of senior executives made it unlawful for managers to own stock in the company for which they worked decreased regulation of the financial markets

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